African Journal of Business Management Vol. 6(49), pp. 11865-11879, 12 December, 2012
Available online at http://www.academicjournals.org/AJBM
DOI: 10.5897/AJBM12.1411
ISSN 1993-8233 ©2012 Academic Journals
Full Length Research Paper
A measuring instrument to predict family succession
commitment to family business
Magda LM Hewitt, Leon Janse van Rensburg and Wilfred I. Ukpere*
Faculty of Management, University of Johannesburg, South Africa.
Accepted 16 November, 2012
Family businesses (FBs) are the most prevalent form of business throughout the world, and are highly
pertinent in developing economies. The issue of succession in FBs has received some attention by
researchers. Given that 15% of family businesses survives into the third generation, it remains an area
of concern. In South Africa 80% of businesses in the formal sector are family owned. This article
discusses the current level of knowledge in succession and commitment theories within a family
business context. The different theoretical approaches to commitment include the behavioural,
attitudinal and motivational theories. This article suggests that the motivational commitment approach
must be used to predict successor commitment in the family business. A model is suggested to verify
family succession commitment relationships and a measuring instrument has been developed based
on the model to verify successor commitment.
Key words: Family business, succession, commitment, motivational approach, measuring instrument,
behavioural, attitudinal.
Introduction
More than half the companies listed on the Johannesburg
Stock Exchange (JSE) Limited in South Africa are family
businesses. Estimations show 80 percent of the formal
sector businesses are family owned, comprising almost
1.2 million businesses of which 330 000 are companies
or close corporations and 870 000 sole proprietorships
(Kruger, 2009). Approximately 30% of family businesses
(FB) survives into the next generation, and 15% survive
into the third generation (Astrachan and Allen, 2003).
Supporting statistics revealed that three out of ten FB
makes it through the second generation and only one out
of ten makes it through the third generation. The biggest
threat to FB is the lack of proper succession planning
(Lambrecht, 2005).
The outcome of these statistics results in negative
impacts on the economy and the growth of the economy
(Chrisman, 2003). The South African Government aims
for an economic growth of 4.5 to 6% in the medium to
long term (The Presidency, 2006). Currently it holds and
average of 4% growth (Info SA, 2009). Family-owned
*Corresponding author. E-mail: wilfredukpere.ajbm@gmail.com.
business should, therefore, be considered as significant
to the well-being of South Africa and global economies.
They have a unique potential to further economic growth
and social stability within their respective countries
(Cavusgil, et al., 2004). In this widely under-nourished
field of study, there is a growing need to investigate the
specific universal forces that lead to the superior
performance and resilience of current FB (Kruger, 2009).
Problem statement
Only a meagre 30% of family businesses (FBs) continue
into the next generation, and just about 15% of them
progresses into the third generation. Supporting statistics
revealed that three out of ten FBs makes it through the
second generation and only one out of ten makes it
through the third generation. The major challenge to FBs
is the lack of proper succession planning. There is indeed
a need to interrogate whether contextual factors of
familial cultural socialisation is related to resulting
commitment behaviours (RCBs) of the employed family
member in the family business, and whether individual
characteristics moderate this relationship.