Understanding the management transition process of family-owned restaurants in Binondo, Manila

Date of Publication

2010

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Business Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Business Management

Thesis Adviser

Jeden O. Tolentino

Abstract/Summary

According to Barnett & Kellermanns (2006) as cited by Hartel, C.E., Bozer, G. & Levin, L. (2009), with the evolving economies, more than two of every three organizations are family owned and/or managed. Due to the said statistic, the research group had decided to make a research on family-owned business. In the proposed study, the group will only focus on Small and Medium family-owned restaurants that are situated in Metro Manila, particularly in the Binondo area. This study will provide the essential factors that are involved in a successful transition of a family business to the next or future generations. The results of the said study then could help the researchers identify problems that may occur during and after the transition process and identify solutions as well that could help increase the number of successful family business transitions, especially for the Filipino entrepreneurs.

The study shows that succession planning involves three aspects the mindset of the predecessor, the acceptance of the family and the willingness of the successor. A census of the family-owned restaurants in Binondo shows that management transition planning proves to enhance the chances of sustaining the business measured by the business section in the survey questionnaire. To further expound on the data gathered, interviews were conducted on the restaurant managers. Company growth and expansion occurred upon the change of management because of the innovative mindset these successors instilled in their restaurants.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU15201

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

53, [15] leaves : ill. ; 28 cm.

Keywords

Family-owned business enterprises--Philippines--Metro Manila--Management; Family-owned business enterprises--Philippines--Metro Manila--Succession; Family-owned business enterprises--Philippines--Metro Manila--Case studies; Businesspeople--Philippines--Metro Manila--Family relationships; Restaurant management--Philippines--Metro Manila

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