Succession challenges in maintaining sustainability: Indonesian mining and construction industry
The family business is the oldest form of business organisation and is very important in the development of economies around the world. It was found that about 96% of the 165,000 companies established in Indonesia are family businesses and have a contribution to Gross Domestic Product. Topics that b...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2022
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| Online Access: | https://eprints.nottingham.ac.uk/66587/ |
| _version_ | 1848800339963150336 |
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| author | Ivan, Rahadian Firdaus |
| author_facet | Ivan, Rahadian Firdaus |
| author_sort | Ivan, Rahadian Firdaus |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The family business is the oldest form of business organisation and is very important in the development of economies around the world. It was found that about 96% of the 165,000 companies established in Indonesia are family businesses and have a contribution to Gross Domestic Product. Topics that become essential issues in family businesses are the problems of family business processes and the sustainability of family businesses after succession or transition from the first generation to the next generation. In Indonesia, there are only 13% of companies have a robust and formalised plan. Another 39% have fewer formal plans, while 35% have no plans at all. The mining industry is one sector that contributes to the rapid growth of Indonesia's market capitalisation. The value of GDP generated from industrial mining in Indonesia reaches $13.8 million and is the highest in Southeast Asia.
This research focuses on the succession process in a mining and construction company to ensure the company's long-term viability. With a single case study unit of analysis, this study used an explanatory qualitative method. According to the findings of this study, the succession process has four stages: initiation, integration, involvement, and retirement. Differences in leadership styles, cultural shifts, successors' need to establish themselves outside the family business, and predecessors who still feel capable of working all contribute to resistance and conflict in the succession process. When it comes to decreasing conflict, communication is crucial. The succession process is heavily influenced by social principles, religion, and kinship. |
| first_indexed | 2025-11-14T20:50:00Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-66587 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:50:00Z |
| publishDate | 2022 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-665872022-02-28T03:06:27Z https://eprints.nottingham.ac.uk/66587/ Succession challenges in maintaining sustainability: Indonesian mining and construction industry Ivan, Rahadian Firdaus The family business is the oldest form of business organisation and is very important in the development of economies around the world. It was found that about 96% of the 165,000 companies established in Indonesia are family businesses and have a contribution to Gross Domestic Product. Topics that become essential issues in family businesses are the problems of family business processes and the sustainability of family businesses after succession or transition from the first generation to the next generation. In Indonesia, there are only 13% of companies have a robust and formalised plan. Another 39% have fewer formal plans, while 35% have no plans at all. The mining industry is one sector that contributes to the rapid growth of Indonesia's market capitalisation. The value of GDP generated from industrial mining in Indonesia reaches $13.8 million and is the highest in Southeast Asia. This research focuses on the succession process in a mining and construction company to ensure the company's long-term viability. With a single case study unit of analysis, this study used an explanatory qualitative method. According to the findings of this study, the succession process has four stages: initiation, integration, involvement, and retirement. Differences in leadership styles, cultural shifts, successors' need to establish themselves outside the family business, and predecessors who still feel capable of working all contribute to resistance and conflict in the succession process. When it comes to decreasing conflict, communication is crucial. The succession process is heavily influenced by social principles, religion, and kinship. 2022-02-26 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/66587/1/MSc%20B%26M%20Dissertation-Rahadian%20Firdaus%20Ivan-20313208.pdf Ivan, Rahadian Firdaus (2022) Succession challenges in maintaining sustainability: Indonesian mining and construction industry. [Dissertation (University of Nottingham only)] family business economic development construction industry mining industry |
| spellingShingle | family business economic development construction industry mining industry Ivan, Rahadian Firdaus Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title | Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title_full | Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title_fullStr | Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title_full_unstemmed | Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title_short | Succession challenges in maintaining sustainability: Indonesian mining and construction industry |
| title_sort | succession challenges in maintaining sustainability: indonesian mining and construction industry |
| topic | family business economic development construction industry mining industry |
| url | https://eprints.nottingham.ac.uk/66587/ |