The Intervening Strategic Competitiveness Between Leadership Succession and Family Business Sustainability in the West Sumatera Industry
This study aims to examine the intervening strategic competitiveness between leadership succession and family business sustainability. The research can contribute and expand the existing body of knowledge on family businesses. The object of this research is family business industries comprising the small-medium businesses (SMB) industry. The population consists of active CEOs, directors, and managers of family firm industries for small-medium businesses. The sample comprises 100 industries of family business in West Sumatera. Purposive sampling technique is applied to get the primary data through survey questionnaires and the data is computed by using SEM PLS ver. 3.3.2 to examine the direct effect and indirect effect of the strategic competitiveness strategy on family business sustainability. The result reveals that strategic competitiveness can help in improving the sustainability of the family business company going forward and provide benefits to the leaders in smoothing the transition of leadership for family companies. Furthermore, this study provides input to improve the entrepreneurial environment to be more conducive so that family business in West Sumatera will be more advanced in both local and global markets. The study also indicates that leadership succession and entrepreneurial orientation have a positive and significant effect on corporate sustainability and are mediated by strategic competitiveness.