SUCCESSION PLANNING IN SAUDI ARABIA’S FAMILY OWNED BUSINESS: THE CASE OF SEDCO HOLDING AND BINZAGER CO

Abstract

This study aimed to explore succession planning and differences of its process in family businesses within Saudi Arabia. The study had used qualitative research method such as a case method approach and interview. The interview analysis and comparison was run to determine differences in family business succession planning between the companies, generation level, industry, ownership type and succession process and application. The primary data was obtained through qualitative methods. A case study method included semi structured interviews were used as instrument. Secondary data was collected the fata from literature review information through previous studies through academic journal articles. The respondents were selected based on certain criteria such as the respondent background from large family business in Saudi Arabia that had surpass first generation which second generation is currently holding the business. The interview found that there were significant differences in family business succession planning between different cases. Therefore, recommendation further study would include multiple measurement as well as triangulation in family business succession planning.