| This quantitative correlational research study used a voluntary survey to determine if conditions of trust and identity played a role in succession planning over multiple generations in the family business. Analysis of Variance (ANOVA) was used to examine differences in trust by generation and succession planning. There was a statistically significant difference in the average trust scores by generation, F(2, 167) = 6.22, p = .002). Families that develop succession plans had highest levels of trust. ANOVA was used to examine differences in identity and generation. There was a statistically significant difference in identity by generation, F(4, 140) = 6.330, p < .001. The mean identity score was not the same across generations. Identity to the family business was highest in the first and fourth generation with the second generation's identity the least reliant on the family business. |
