• Bhagyashree Joshi
• Dr Vijay Gondaliya

Succession planning plays a vital role in Family business because there a lot of uncertainty and confusion can arise from the assumptions that when family dynamics mix with business operations. Most of the small & medium businesses did not carry out succession planning as they think succession planning was not important. The main problem was that family business owners regard succession planning as simply a question of informally handing over the business from one generation to the next. In India, family relations play a vital role in succession planning and there may be a chance for a loophole in planning. In this paper, qualitative and quantitative data was used to find out the co-relation between owner’s perception and succession planning.

Business culture, Family business, Succession planning, Successor, Textile industry.

"A STUDY ON SUCCESSION PLANNING ON TEXTILE FAMILY BUSINESS IN SURAT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.c795-c804, May-2021, Available :http://www.jetir.org/papers/JETIR2105356.pdf

"A STUDY ON SUCCESSION PLANNING ON TEXTILE FAMILY BUSINESS IN SURAT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppc795-c804, May-2021, Available at : http://www.jetir.org/papers/JETIR2105356.pdf