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  1. Surveys
  2. 2012
  3. February
  4. F
  5. FamilyBusinessSuccession
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Hello:

Are you a family business that is in the process of transitioning the business over to the next generation or have already transitioned? If so, your input would be greatly appreciated. You are invited to participate in our family business succession survey of general questions about you, your family business and your experience with the succession process. It will take less than 8 minutes to complete the questionnaire.

Your participation in this study is completely voluntary. There are no foreseeable risks associated with this project. However, if you feel uncomfortable answering any questions, you can withdraw from the survey at any point. It is very important for us to learn your opinions.

Your survey responses will be strictly confidential and data from this research will be reported only in the aggregate. Your information will be coded and will remain confidential. If you have questions at any time about the survey or the procedures, you may contact the researcher by email at [email protected].

Thank you very much for your time and support. Please start with the survey now by clicking on the Continue button below.
 
 
 
Your family business' annual sales or nonprofit budget
 
< $500K
 
$500k - $2 million
 
$2 million - $5 million
 
> $5 million

 
 
 
Your business category/s
 
Service
 
Private practice/consulting
 
For-profit
 
Nonprofit
 
Government contractor
 
Diversified
 
 
 
The number of people your business employs
 
Fewer than 10
 
10 to 25
 
26 to 50
 
More than 51
 
 
 
Your business' industrial group
 
Agriculture, Forestry, Fishing
 
Business & Professional Services (includes software)
 
Communications
 
Construction
 
Retail Trade
 
Hospitality
 
Transportation
 
Wholesale Trade
 
Other
 
 
 
 
Business Structure
 
Corporation
 
Nonprofit
 
Limited Liability Company
 
Limited Liability Partnership
 
 
 
Your Gender
 
Male
 
Female
 
 
 
Your Age
 
Less than 30 years of age
 
31-40
 
41-50
 
51-60
 
61 or over
 
 
 
Your Ethnic Affiliation
 
White
 
Black, African-American
 
American Indian or Alaska Native
 
Asian or Pacific Islander
 
Hispanic, Latino or Spanish
 
Other
 
 
 
 
Are you a:
 
Founder of the family business
 
First generation successor
 
Second generation successor
 
Third generation successor
 
Greater than four generations
 
 
 
If a successor, are you a:
 
Descendent
 
Relative (cousin, niece, nephew, aunt, uncle)
 
In-law
 
Other
 
 
 
 
Are you currently the sole leader of the business?
 
Yes
 
No
 
 
 
If no, are the co-leaders:
 
Family Member/s
 
Employee/s
 
Consultant/s
 
 
 
Number of people sharing the leadership of the business:
 
1-2 people
 
3-4 people
 
More than 4 people
 
 
 
Highest diploma/degree received. Check all that apply.
 
High School
 
Junior College
 
Four Year College
 
Graduate Degree
 
Terminal Degree
 
Certification
 
 
 
How long have you worked in your family business?
 
Less than 1 year
 
1 to 2 years
 
3 to 4 years
 
more than 5 years
 
 
 
How long have you been in the leadership role of your family business?
 
Less than 1 year
 
1 to 2 years
 
3 to 4 years
 
More than 5 years
 
 
 
Have you ever worked outside of your family business?
 
Yes
 
No
 
 
 
If yes, was it in the same field of work?
 
Yes
 
No
 
 
 
How long did you work outside the family business?
 
Less than 1 year
 
1-3 years
 
3-5 years
 
5-10 years
 
More than 10 years
 
 
Rate yourself on the following:
Not True at All Hardly True Moderately True Exactly True
I can always manage to solve difficult problems if I try hard enough.
If someone opposes me, I can find the means and ways to get what I want.
It is easy for me to stick to my aims and accomplish my goals.
I am confident that I could deal efficiently with unexpected events.
Thanks to my resourcefulness, I know how to handle unforseen situations.
I can solve most problems if I invest the necessary effort.
I can remain calm when facing difficulties because I can rely on my coping abilities.
When I am confronted with a problem, I can usually find several solutions.
If I am in trouble, I can usually think of a solution.
I can usually handle whatever comes my way.
 
 
Rate the following on the person you succeeded. My former leader...
Not at all Once in a while Sometimes Fairly often Frequently, if not always
says exactly what he or she means.
admits mistakes when they are made.
encourages everyone to speak their mind.
tells you the hard truth.
displays emotions in line with feelings.
demonstrates beliefs that are consistent with actions.
makes decisions based on his or her core values.
asks you to take positions that support your core values.
makes difficult decisions based on high standards of ethical conduct.
solicits views that challenge his or her deeply held positions.
Not at all Once in a while Sometimes Fairly often Frequently, if not always
analyzes relevant data before coming to a decision.
listens carefully to different points of view before coming to conclusions.
seeks feedback to improve interactions with others.
accurately describes how others view his or her capabilities.
knows when it is time to reevaluate his or her position on important issues.
shows he or she understands how specific actions impact others.
 
 
Rate your assessment of your family business succession process:
Strongly Disagree Moderately Disagree Disagree Neither Agree or Disagree Agree Moderately Agree Strongly Agree
The family business has performed as well or better since the management/leadership of the business was handed over to me.
The family business has proved to be sustainable since the management/leadership of the business was handed over to me.
The relationships among family members are positive after the management/leadership of the business was handed over to me.
The relationships with stakeholders (networks, suppliers, etc.) are intact after the management or leadership of the business was handed over to me.
All family members involved in the family business are satisfied with the succession process.
I am satisfied with the succession process.
The family supports the family business after management/leadership of the business was handed over to me.
The retired owner-manager is satisfied with the succession process.
I improved the revenues and profits of the family business after management/leadership of the business was handed over to me.
 
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