Family business and the professionalized succession process: A case study in a microfamily business in the financial sector in Salgueiro – PE

Authors

DOI:

https://doi.org/10.33448/rsd-v11i16.37176

Keywords:

Family business; Succession; Professionalization.

Abstract

The family business plays a prominent role in the national and global economic sphere. However, family businesses tend to have a shorter lifespan compared to other companies, as they do not find a balance between management, succession and professionalization. In order to have longevity and continuous progress, it is necessary to plan and execute strategies outlined in the succession period that must be exercised in the long term, in addition to inserting professionalization at the time of succession so that the heirs are prepared to assume the position of family administrator with responsibility. . In this context, the present research was developed with the objective of showing how the transition of family business management is planned. For this, the research carried out the diagnosis in a family microenterprise in the financial sector in the city of Salgueiro - PE, through a qualitative research, which was developed through an interview with the manager of the aforementioned company. The results reveal that the entire professionalized transition process has been working for some time, while interpersonal relationships influence the process. They also show that positive characteristics of family management are being carried out in parallel with the succession and show points considered worrying that the management itself believes is a necessary period to reach the desired level. Therefore, the studied company is considerably qualified and qualified to keep the transition planning in execution and is moving in the right direction considering possible adjustments for the improvement of management.

Author Biography

Caio Franklin Vieira de Figueiredo, Instituto Federal do Sertão Pernambucano

He is currently studying for a Doctorate in Process Engineering at the Federal University of Campina Grande - UFCG, Master in Environmental Process Development at the Catholic University of Pernambuco - UNICAP, Specialization in Work Safety Engineering at the Integrated Faculties of Patos - FIP, Bachelor of Engineering Environmental by Faculdade Internacional da Paraíba - FPB, Degree in Biological Sciences [TEACHER TRAINING FOR BASIC EDUCATION] by Faculdade de Educação Paulistana - FAEP and Technician in Agribusiness by the National Service for Rural Learning - SENAR/PB. He has teaching experience in Bachelor's Degree courses in Civil Engineering, Mechanical Engineering, Production Engineering, Administration and CST - Higher Education Course in Occupational Safety Technology. Other significant experiences in Lato sensu postgraduate studies as a professor in the following courses: Specialization in Renewable Energies, Work Safety Engineering, Construction Management and MASTER BIM and Paving of Roads and Highways. Interested in topics related to Engineering and Environment, with an emphasis on: Environmental Sciences, Natural Resources, Water Resources, Solid Waste Management and Civil Construction Waste, Environmental Biotechnology, Bioproducts, Biological Sciences, Agricultural Sciences, Environmental Chemistry, Modeling of environmental systems and safety engineering at work. Email address: Caiovieirafigueiredo@gmail.com

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Published

17/12/2022

How to Cite

MATIAS, K. T. S. .; MACHADO, T. S. .; FIGUEIREDO, C. F. V. de .; BRANDÃO, W. A. .; MELO, M. Ângelo S. Family business and the professionalized succession process: A case study in a microfamily business in the financial sector in Salgueiro – PE. Research, Society and Development, [S. l.], v. 11, n. 16, p. e570111637176, 2022. DOI: 10.33448/rsd-v11i16.37176. Disponível em: https://www.rsdjournal.org/index.php/rsd/article/view/37176. Acesso em: 23 apr. 2024.

Issue

Vol. 11 No. 16

Section

Engineerings

License

Copyright (c) 2022 Kéren Tainã Siqueira Matias; Tiago Silveira Machado; Caio Franklin Vieira de Figueiredo; Wanderberg Alves Brandão; Miguel Ângelo Silva Melo

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