Inter-generational continuity: Succession in family-owned higher educational institutions

• Main Author: Lagunda, Patricia Bustos
• Format: text
• Language: English
• Published: Animo Repository 2009
• Subjects: Universities and colleges > Philippines > Business management; Universities and colleges > Philippines > Administration; Family-owned business enterprises > Succession > Philippines; Family corporations > Management > Philippines; Mentoring in business > Management > Philippines; Educational Leadership; Higher Education
• Online Access: https://animorepository.dlsu.edu.ph/etd_doctoral/1257; https://animorepository.dlsu.edu.ph/context/etd_doctoral/article/2258/viewcontent/CDTG004165_P__2_.pdf
• Institution: De La Salle University

This research aims to explore succession for intergenerational continuity in the context of private Higher Educational Institutions (HEIs) and seeks to inquire into the succession practices and its relationship with family dynamics in private, non-sectarian family-owned HEIs. A basic premise of this research is that owners of the respondent HEIs would like to perpetuate their organizations, and that the most likely candidates to form the successor pool are the extended family. Using qualitative research methods, an emergent framework of succession and family business continuity practiced among family-owned HEIs is derived from multi-site case studies. The central idea of succession and transition among family-owned HEIs is encapsulated in an emergent framework that illustrates what the reasons are for keeping the HEIs within the family, how succession or transition is done and what factors influence succession planning . The case studies affirmed that the overriding goal of continuing the business through the next generations is influenced by the values that keep and bind the family business. These values in turn influence this overriding goal and are manifested through both formal and informal processes that contribute to smooth transitions, sustainability and longevity of the family-owned HEIs. Through this research, other private colleges and universities may learn from the experiences of respondents about effective succession practices.