A critical analysis on the challenges filipino daughters face in succession of selected family-owned businesses

Resumo

Succession is one of the most difficult hurdles in continuing the family business.The change of management in family businesses is much more complex as theincumbent must manage not only their business but also their families. In thePhilippines where most businesses are family-owned, there has been an increase in thenumber of daughters taking over their companies. Like any successor, Filipinodaughters face challenges during the succession process.A number of recurring issues and challenges daughters face in succession wereidentified: reasons for joining the company, owner’s willingness to relinquish control,being considered a viable successor, father-daughter relationship, mother-daughterrelationship, sibling rivalry, work-life relationship, work-life balance, and genderdiscrimination and stereotyping. Filipino daughters must fully prepare themselves inleading and managing their family.This research aims to identify and critically analyze the existing and emergingchallenges Filipino daughters face in the succession of their family-owned institutions.It is important to examine these issues and probe for other factors that might hamperthe succession process and help a daughter when moving into the role of managingtheir businesses. To achieve this and get the daughters’ perspective on the matter,interviews with incument and former daughter presidents who have gone undersuccession are to be conducted. As many of the family-owned institutions in thePhilippines prepare and undergo daughter succession, it is important to shed lighteron the phenomena and eventually help daughters who are in a position to assumefuture leadership roles succeed.