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Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process
Mini Dissertation (MPhil (International Business))--University of Pretoria, 2024.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2025
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| _version_ | 1867613520479125504 |
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| access_status_str | Open Access |
| author2 | Dyer, Troy |
| author_browse | Dyer, Troy |
| author_facet | Dyer, Troy |
| collection | Thesis |
| dc_rights_str_mv | © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MPhil (International Business))--University of Pretoria, 2024. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/101551 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:27.405Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/101551 Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process Dyer, Troy ichelp@gibs.co.za Thwala, Thokozani Cyril UCTD Sustainable Development Goals (SDGs) Family business Succession planning Trust advisors Family communication theory Mini Dissertation (MPhil (International Business))--University of Pretoria, 2024. In all phases of the family business succession process, the incumbent, successor, family members, and trusted advisors exchange information and negotiate agreements aimed at regulating the process. While the way information is exchanged varies across family businesses, it is a crucial factor that influences the success of the succession process. Through research and interviews with sixteen participants, using family communication theory and agency theory, the findings reveal that the incumbent, successor, family members, and trusted advisors have different perspectives on how communication should be structured and how agreements should be negotiated to enhance the effectiveness of the succession planning process. This study contributes to the body of knowledge in family business succession literature, particularly in how information is generated, structured, and exchanged among the parties involved in the succession planning process. Additionally, the research emphasizes the importance of contracts and agreements in guiding the succession process, ensuring the sustainability of the family business, and mitigating uncertainties related to intergenerational leadership. The report also provides recommendations on how family businesses can improve communication and close existing gaps using contracts and agreements that support succession planning and process performance. It also highlights the importance of collaborating with trusted advisors who can provide reliable external advice and knowledge. Gordon Institute of Business Science (GIBS) MPhil (International Business) Unrestricted Gordon Institute of Business Science (GIBS) SDG-16: Peace, justice and strong institutions SDG-17: Partnerships for the goals 2025-03-18T08:36:10Z 2025-03-18T08:36:10Z 2025-05-05 2024-11 Mini Dissertation * A2025 http://hdl.handle.net/2263/101551 en © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Sustainable Development Goals (SDGs) Family business Succession planning Trust advisors Family communication theory Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title | Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title_full | Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title_fullStr | Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title_full_unstemmed | Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title_short | Contracts and communication among the incumbent, successor, and trusted advisors in a family business succession process |
| title_sort | contracts and communication among the incumbent successor and trusted advisors in a family business succession process |
| topic | UCTD Sustainable Development Goals (SDGs) Family business Succession planning Trust advisors Family communication theory |
| url | http://hdl.handle.net/2263/101551 |