THE SUCCESSION PROCESS AND TIMING IN TRANSFERRING BUSINESS OWNERSHIP AMONG CHINESE IN SURABAYA IN THE GLOBALIZATION ERA

Karsono, Ong Mia Farao and Suprapto, Widjojo (2013) THE SUCCESSION PROCESS AND TIMING IN TRANSFERRING BUSINESS OWNERSHIP AMONG CHINESE IN SURABAYA IN THE GLOBALIZATION ERA. Part B. Social Sciences And Humanities. Journal of Academic research, 5 (5). 233 -237 . ISSN ISSN: 2075-4124. 97/2. DOI: 10.7813/2075-4124.2013/5-51

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Abstract

This research is investigating the succession process among the Chinese community in Surabaya, especially how it is happening and when it is time to hand over the business. The Chinese are well-known for their hard work and business minds. Therefore, many scholars are interested to study their entrepreneurial spirits and their managerial skills. Yet, the scholars are very seldom concentrating on the cultural background of the Chinese business minds, especially the overseas Chinese. In Surabaya, the Chinese are the backbones of the business activities, with business ownership transferred over generations. Using the descriptive qualitative approach, this research focuses on digging information using in-depth interviews from qualified respondents. The thinking of Taoism is used to study the cultural background of the Chinese businessmen. The findings of this research fall into two succession processes: (1) some successors start to get involved in the business as early as their childhood, and (2) some successors are sent to obtain a formal, as high as possible, education degree before they are involved in their family business. The time when the parents hand over the business is varied among respondents.

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