Title: We are part of one whole, and every part works for others - how an Indonesian food ingredient supplier remains sustainable
Authors: Maria Jacinta Arquisola; Elangga Ianatta Wijoyo
Addresses: President University, Jln. Ki Hadjar Dewantara, Cikarang Baru 17550 Bekasi, Indonesia ' PT Asuransi Central Asia, Wisma Asia I, Jln. Letjen Parman 79, Jakarta Barat 11420, Indonesia
Abstract: This study digs deeper into the views of how family members who run PT Hakiki Donarta, one of Indonesia's longest-running family businesses in food ingredient manufacturing, are able to maintain its sustainability despite threats to succession. Guided by resource-based view (RBV) of the firm theory, the study undertook laddered interviews of family members who are at the top management of PT Hakiki Donarta. The study reveals that viable success factors for sustainability are grooming early for succession; employees' affective commitment to the firm; social ties enhanced through socialised familiarity activities; and network trust. Prime obstacles for future sustainability are inexperienced young leaders and the lack of desire to innovate.
Keywords: family business; succession planning; emotional attachment; social ties; stewardship; leader preparation; Indonesia.
International Journal of Learning and Change, 2020 Vol.12 No.4, pp.363 - 377
Received: 10 Aug 2018
Accepted: 11 Mar 2019
Published online: 16 Sep 2020 *