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Father And Daughter Relationship In Family Business

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The Father and Daughter Relationship in a Family Business: Performance and Succession.
Faithfull Faneli, Khebi H Sibanyoni, Jabulisiwe K Ngema and Leon Janse van Rensburg Faculty of Management, University of Johannesburg, South Africa.

“A family business was defined as a business where the families have control over the business strategic direction and there is some family participation” (Astrachan and Shanker, 2009).According to: (Bilimoria et al, 2014) Most of the studies amplify the understanding of daughters being the successors in the family business but it also raise questions about why does it take only a few to succeed to reach the level of leadership. The daughters took over the role of being CEOs or have taken over the position of CEO in the family business this has also brought a lot of conflict within the organisation between the family and non-family organisation. According to: (Poza, 2013) The female leadership have continued over 30% and have also indicated that they may have female successor of which it has caused a lot of conflict among family members who have more qualifications than the one selected for the position as it also applies to the non-family employees who have more experience. The other 70% they fail or are sold (Stalk & Foley, 2012).
Key words: Father and daughter, Business performance, communication, Trust, Socialization, Active Collaboration. Background
The predecessor normally has a stronger relationship with the daughter regarding
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