|
On April 9th last, DCU National Centre for Family Business (NCFB) launched the report, 'To Join or Not to Join? Understanding the Succession Intentions of Next-generation Family Business Members', at AIB Head Office on Molesworth Street in Dublin. Drawing on an all-island university partnership including Cork Univesity Business School and led by the DCU National Centre for Family Business with expert colleagues at Ulster University, and University of Limerick, the research reveals next-gen succession aspirations are healthy on the island of Ireland; in contrast to European and global counterparts. The report attests that succession aspirations and intentions are healthy across the island of Ireland and educational choices, sustainability, emotional well-being and socio-emotional wealth play a vital role in the shaping of next-generation. The study found that 48% of participants have seriously thought about taking over their family’s business and 40% expressing strong intentions to become a successor. The intentions of male participants to take over the business is double that of females. 60% reported SDG 8 (Economic & Decent Work), 11 (Sustainable Cities and Communities) and 12 (Responsible Consumption and Production) as goals they see themselves contributing to as a potential successor. Participants are students of the four universities’ who’s family businesses come from a variety of sectors including Agriculture, Construction, Hospitality/Tourism, Retail, and Manufacturing Dr Linda Murphy Department of Management and Marketing was the CUBS lead on this project, congratulations Linda.
|