- Title
- Parental influence on next-generation family members in South African black-owned family businesses
- Creator
- Ntari, Lwando
- Subject
- Business enterprises, Black
- Subject
- Family-owned business enterprises
- Date Issued
- 2023-04
- Date
- 2023-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/62299
- Identifier
- vital:72376
- Description
- This study focuses on the parental influence on next-generation family members in South African Black-owned family businesses. In both developed and developing countries, the majority of businesses are family-owned and contribute significantly to their country's economic growth. To be sustainable, family businesses should anticipate, recognise and understand the impact parents have on their next-generation family members’ intentions to join the family business. Controlling a family business with the intent to transfer it to the next family generation is often seen as the defining characteristic of family businesses. Transferring the control of a family business to the next generation presents a critical managerial challenge. It has been noted that parents are the most important influence in a child’s life and could therefore have the greatest influence on their career choice. This study discusses parents' impact on their next-generation family members’ career choices in the context of career choice theories: Holland’s theory of vocational personalities in the work environment, Super’s developmental self-concept theory, and social cognitive career theory. Moreover, the important influence that parents have on their children and the impact of the parent is elaborated on; the characteristics of the parent's job, self-efficacy, outcome expectations, parent's relationship, parental expectations, parent's style, and cultural influence are discussed. In addition, career choice theories in the South African context are also briefly discussed. The lack of desire of next-generation family members to join the family business endangers its long-term sustainability. Although numerous factors influence a person's career choice, including the decision to join their family business, parents are by far the most influential. Therefore, the primary objective of this study was to identify the influence parents have on a next-generation family member’s intention to join the family business. A structured questionnaire was distributed to South African respondents with parents who own a family business. Respondents were identified by means of judgemental sampling. A total of 317 usable questionnaires were subjected to statistical analysis. The validity of the scales measuring the dependent and independent variables was assessed using factor analysis, and the scales’ reliability was confirmed by calculating Cronbach’s alpha coefficients. Both descriptive and inferential statistics were calculated. The family businesses iv associated with the respondents were mostly first-generation owned. The majority of respondents were Xhosa and Zulu speakers and represented family businesses that employed more than five employees. The next-generation family members who participated in this study were predominantly males under the age of 25 years, and most had no post-matric qualification. Multiple regression analysis was used to assess the hypothesised relationships. The results indicate that four parental influences (parental style, culture, self-efficacy and parental identification) significantly influence a next-generation family member’s intention to join the family business. It is important for parents to understand which factors influence their children's decision to join the family business, as this allows the parents to manage these factors best.
- Description
- Thesis (Ma) -- Faculty of Faculty of Business and Economic Sciences, 2023
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (xiii, 237 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | NTARI, L.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |