Abstract:

“Business Succession” of family own business has generated poor success and due to number of factors including poor level of competence of the successor. The competence of the successor directly affected to the success of the whole succession process, because he is the Chief Executive after taking the baton to his hand. Under this background, identifying successor’s level of competence is very substantial for the future prosperity. But there are no theoretical knowledgebase to identify whole competencies of the successor. PORVAZNIK AND COLL’s [2008] “Model of discrimination of competence pillars” is the appropriate framework to fulfill that requirement, since it has enclosed all three pillars of competence.