Family businesses are dominating the global economy across the world and they contributed 25% of the Indonesia GDP in 2014. Despite the contribution given, family business in Indonesia and globally suffer from the same problems, which are attracting and retaining non-family member talents, due to negative perception that are perceived by the job seekers about family business. However, there are no clear answers about what factors make those millennials becomes less intended to apply in family business. Hence, this research is conducted to identify if there are any influence of tradition and culture, working environment, governance system, and personal values of millennials in Indonesia towards the less intention to apply in family business. The research used four independent variables, which are tradition and culture, working environment, governance system, and personal values, whereas the dependent variable is less intention to apply in family business. The analytical method that was used in this research is quantitative with purposive sampling, then multiple linear regression was used to test the hypothesis.
Genoveva is a senior lecturer at Business Faculty, President University, Indonesia. Her research focuses on entrepreneurship, family business, and green marketing. She also acts as an adviser in her family business. Fernando Van Wis Lee is a management trainee in Astra International Tbk. He graduate from International Busines, President University
Fernando Van Wis Lee
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LAP LAMBERT Academic Publishing
Family Business, tradition and culture, working environment, governance system, personal values, Global Economy, family business in Indonesia, Millennials, job seeking, employment in Indonesia, Business Management
BUSINESS & ECONOMICS / Production & Operations Management