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Management Competencies of Selected Family Owned SMEs in NCR: Basis for Development of Filipino Succession Planning Framework |
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| รหัสดีโอไอ | |
| Creator | Ronald Cuevas Catapang |
| Title | Management Competencies of Selected Family Owned SMEs in NCR: Basis for Development of Filipino Succession Planning Framework |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2565 |
| Journal Title | Journal of Family Business and Management Studies |
| Journal Vol. | 14 |
| Journal No. | 2 |
| Page no. | 159-180 |
| Keyword | SMEs, Family-owned business, Management Competencies, Succession Planning |
| URL Website | www.fbmsjournal.com |
| Website title | fbmsjournal |
| ISSN | 2821-9643(online) |
| Abstract | Small, and Medium Enterprises (SMEs) in the country are Family-owned (FO), run and managed by families and their members. Management competencies are vital for SMEs as managers need to be equipped with skills and capabilities to support businesssuccession and survival amidst business challenges. The study aims to determine the vital role of management competencies: planning, task organization, leadership, creativity/innovation, and delegation as basis for Filipino succession planningframework. The study was conducted among 400 owners/managers of FO MSMEs in the 16 cities in NCR. Stratified random sampling was used in selecting the respondents. The results of the Structural equation model revealed that management competenciesexcept task organization have a positive effect on succession planning among family owned MSMEs. FO MSMEs should conduct assessment on the competencies of current owners/ managers and evaluate practices to develop business capability to addressbusiness challenges and prepared them for business succession. |
