Saudi Family-Owned Businesses Generational Survival : Transforming Saudi Family Businesses for the Future.

Format:

Book

Author/Creator:

Chalhoub, Cesar.

Language:

English

Subjects (All):

Family-owned business enterprises.

Executive succession.

Physical Description:

1 online resource (266 pages)

Edition:

1st ed.

Place of Publication:

Bradford : Ethics International Press Limited, 2025.

Summary:

Saudi Family-Owned Businesses Generational Survival explores the intricate dynamics of family-owned businesses (FOBs) within the Kingdom of Saudi Arabia, a critical pillar of the global economy. While FOBs contribute over 70% of the global GDP and employ more than half the global workforce, they face unique challenges, particularly in achieving generational continuity. Only 30% of FOBs survive into the second generation, with rates plummeting to 12% by the third and less than 5% beyond the fourth. This book addresses these challenges, offering actionable insights based on robust frameworks like Professor John Davis's Three-Circle Model and the Family Enterprise Sustainability Framework. It emphasizes the need for institutionalization a structured transformation process designed to safeguard family legacies while enhancing governance, leadership, and strategic alignment. Through detailed case analyses of Saudi FOBs, the book presents a step-by-step institutionalization plan. It begins by laying a solid foundation rooted in shared vision and values, progresses to building governance capacity and engagement, and culminates in designing and implementing robust governance structures. Key practices, including family councils, succession planning, and performance metrics, are explored to ensure continuity and adaptability in a rapidly evolving business landscape. The book is an essential guide for families seeking to transform their enterprises into resilient, future-ready institutions, and a useful reference for researchers and students of family-owned businesses, entrepreneurship, and the economies of the Middle East.

Contents:

Dedication

Acknowledgments

Introduction

Introduction to the Problem

Governance Failures in Family-Owned Enterprises: A Saudi Case Study

Research Objective

Literature Review

Governance Structure in the Family-Owned Business

Generational Leadership Transfer in the Family-Owned Business

Family-Owned Business in Saudi Arabia

Conceptual Framework

Key Leverages in Family Business Practice Areas

Family Enterprise

Ward and Aronoff’s Four Phases of the Succession Process

Research Methodology and Design

Results

Themes Discovered

Conclusions and Recommendations

Family-Owned Business Institutionalization Transformation Plan

Phase One of The Transformation Plan: Preparing the Groundwork

Phase Two of The Transformation Plan: Capacity Building and Active Engagement

Phase Three of The Transformation Plan: The Road to Institutionalization

Phase Four of The Transformation Plan: The Roadmap to Effective Implementation

Step Five of Phase Four: Mastering, Documenting, and Reporting

Closing Message: The Journey to Enduring Generational Success

References Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

Other Format:

Print version: Chalhoub, Cesar Saudi Family-Owned Businesses Generational Survival

ISBN:

9781837111282

OCLC:

1545118855