Sharing tacit business knowledge between founder and successor in family business: case studies in Vietnam

Pham, Duc Truong, Bell, Robin S and Newton, David (2018) Sharing tacit business knowledge between founder and successor in family business: case studies in Vietnam. International Journal of Family Business Practices, 1 (1). pp. 45-57. doi:10.33021/ijfbp.v1i1.630

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The purposes of this study are to explore in detail the tacit business knowledge transfer process and the effective transfer method from founder to successor in Vietnamese family businesses. This study, using separate interviews of paired founders and successors in five Vietnamese family businesses, aims to contribute to the general understanding of such processes in South East Asian family businesses. This study confirms that the tacit business knowledge transfer process is an on-going process until the founder is unable to continue due to physical or mental health preventing further communication. In addition, it indicates that the mentor-mentee method is the most common method for tacit knowledge transfer process. Storytelling is also a common process; unlike traditional Western SMEs, use of formal documentation tends to be far less prevalent as a way of transferring knowledge. The findings of this study show that not all of tacit business knowledge from the founder is important to the successor. Therefore, a successor needs time spent alone to contemplate each tacit business lesson, before determining whether to absorb it.

Item Type: Article
Article Type: Article
Uncontrolled Keywords: Tacit business knowledge; Family business succession; Tacit business knowledge learning process; Business founders and successors; Vietnam
Related records:
Subjects: H Social Sciences > HF Commerce > HF5001 Business > HF5549 Personnel management. Employment management
Divisions: Schools and Research Institutes > School of Business, Computing and Social Sciences
Research Priority Areas: Applied Business & Technology
Depositing User: Susan Turner
Date Deposited: 20 Nov 2018 14:58
Last Modified: 04 Aug 2023 20:12

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