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The Determinants of Career Choice Intentions of Adolescents with Family Business Background

In this essay, the author discusses different factors that affect the decision of career of children with family business background. He categorizes out five categories: personal traits (Conscientiousness, Extraversion, Agreeableness, Openness to Experience, and Neuroticism), gender, identification with the family business, perception of fathers’ work conditions and parental succession preference and preparation.

About the personal traits, he says one could speculate that succession is preferred at medium levels of entrepreneurial personality characteristics, whereas high levels of such characteristics are more likely to classify potential founders and low levels can be expected as typical for potential employees. For example, high levels of Openness are expected to spur the founding intention, medium levels the succession intention, and low levels the intention for employment outside the family business. In contrast, high levels of Neuroticism are assumed to stimulate employment outside the family firm, medium levels the succession intention, and low levels the intention to create a new firm.

And he thought that depending on the adolescent’s abilities, interests, and connectedness to the family, this potential succession option may be perceived as an opportunity or a burden. For example, succeeding as head of a family firm requires the ability to take responsibility, interest in the branch of the business, and the willingness to work closely together with other family members. In comparison, while founding a new firm also requires entrepreneurial abilities, it also allows the individual to choose his or her own area of interest and to work independently

from family bonds. Similarly, regular employment outside the family business involves free choice of an area of interest, independence from the family, and less responsibility for the family and their business. However, both founding and regular employment career options may also be accompanied by parental disappointment and the problem that parents have to find an alternative solution for securing the survival of the family business.

I think this essay clearly explained and analysis the condition that adolescents with family background face. How they are affected in the career choosing part in their life.