Incumbents’ Ability to Delegate Power and Authority and its Impact on Succession Planning in Family Owned Firms of Bangladesh

Abstract

The present study focuses on incumbents’ ability to delegate power and authority affecting succession planning in family owned firms of Bangladesh. Case studies have been conducted on a few second or subsequent generation family owned firms. Incumbents and successors have been interviewed to understand the corresponding incumbents’ ability to delegate power and authority and its impact on their succession planning behavior. Interviews have been transliterated and analyzed using suggested tools. In some cases further investigations have been made to explain the specific type of relation of the variables in the case(s). Findings of the study may be helpful in understanding the importance of ability of the incumbents to delegate power and authority in succession planning in family owned firms of Bangladesh.