Abstract
The family business, mostly owned by Chinese-Thai families, has been the most powerful and dynamic form of enterprise among business groups in Thailand, as well as the vital engine for the economic development and industrialization until the present. This article examines the characteristics of leadership succession in Thai family businesses, which is the essential element pertinent to the survival and persistence of family business, by surveying nationality (surname and Chinese surname), generation, and the succession of key management positions in the core businesses/companies. The results will give the answers of which generation most of Thai family businesses have belonged to; have they already faced with the problem of third generation decline; and how they have strategically planned for leadership succession to avoid the family conflicts. |