Inherent factors of family business and transgenerational influencing tourism business in Malaysian islands. Issue 5 (3rd September 2019)

• Record Type: Journal Article
• Authors: Ismail, Hairul Nizam; Mohd Puzi, Mohd Alif; Banki, Mohammed Bala; Yusoff, Nooraini
• Is Part Of: Journal of tourism and cultural change. Volume 17:Issue 5(2019)
• Page Start: 624
• Page End: 641
• Publication Date: 2019-09-03
• Subjects: Family business -- transgeneration enterprise -- resiliency -- sustainable tourism; Tourism -- Periodicals; Heritage tourism -- Periodicals; 306.481905
• DOI: 10.1080/14766825.2018.1549058
• Languages: English
• ISSNs: 1476-6825

Abstract

ABSTRACT: There is an indication that the existence of transgeneration enterprise has unique ability as a 'resilient factor' in sustainable tourism development. It bridges the relationship between resilience and sustainability. This paper highlight evidences of the relationship using two successful case studies of Small-Medium scale tourism enterprises on the islands in Malaysia, namely the islands of Langkawi and Tioman. The most important factors influencing successful family business in transgeneration enterprise by priority within the business wealth point of view are aspect of survival, followed by low-entry barriers, 'passing the baton', bridging relationship, 'smallness', and adapt and change. From the socioemotional wealth point of view, aspect of belonging followed by family welfare priorities, structural generation change, contextual embeddedness, attitude, informal decision making and friendly working environment influence the success of family business in transgeneration enterprises. Hence, sustainable tourism development in the context of local community empowerment might only be achieved once the 'resilient factor' is present or in place and ready at the tourism destination.