Family Business Succession Readiness
StrategyReliability: alpha 0.873 sample items
About this scale
A multi-item measure of readiness for family-business succession — successor preparation, predecessor willingness, and family relationship quality.
Sample item(s)
“The next generation has been adequately prepared for leadership”
“The current leader is willing to step aside when appropriate”
“Family members have good working relationships”
Reliability
Reported internal consistency: alpha 0.87. As a rule of thumb, Cronbach’s α ≥ .70 is considered acceptable, ≥ .80 good, and ≥ .90 excellent for established measures.
Notes
Foundational family-business succession measure.
Source & citation
Sharma, P., Chrisman, J. J., & Chua, J. H. (2003): Predictors of satisfaction with the succession process in family firms. Journal of Business Venturing, Vol. 18, No. 5, pp. 667–687.
Source. Scale details are summarised from the publication cited above. Always consult the original source for the full item set, scoring, and permission to use.
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