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| A Study on the Successor Selection and Management in Chinese Private Firms |
| ZHAO Shu-Ming |
| Nanjing University, Nanjing，China |
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Abstract Since the economic reform and opening to the outside for over 30 years, Chinese private firms have grown very fast and many outstanding private entrepreneurs have been emerging. The enterprise succession and successor selection has become a prominent issue. Based on the current international and domestic literature on successor selection of private firms and by combining real cases, this paper analyzes the characteristics, advantages and disadvantages of the internal succession model, professional manager succession model, and team succession model from the human resource management perspective. Then the paper explores the constrain conditions of three succession models and impact on enterprise sustainable performance. Finally, it proposes some management suggestions on the issue of private firm succession.
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Received: 13 May 2012
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2012, Vol. 9 
