Abstract

LOZANO P, Melquicedec  and  URBANO, David. First Full-Time Job of Descendents in the Family Business. A Qualitative Study in Colombia . Revista Venezolana de Gerencia [online]. 2010, vol.15, n.50, pp.183-206. ISSN 1315-9984.

In the context of succession, this Colombian case study examines the first full-time job that descendents have in their family’s business. Furthermore, it describes the main propositions -satisfaction and commitment- that relate to this first full-time job in the family business. The methodology includes in-depth interviews with descendents from four family business cases; the information was later submitted to qualitative analysis, based on the triangulation concept and the resources and capacities theory. Results of the study highlight satisfaction and commitment as two components of the initial membership; likewise, items that constitute each of these components were determined, thereby extending, conceptually, the panorama related to the continuity of family businesses. In conclusion, this study shows that the propensity to experience more satisfaction and commitment with the first full-time job is quite related to the type of environment the descendants perceive and the possibility of satisfying their motivations.

Keywords : Family business; succession; satisfaction; commitment; Colombia.