Abstract
Abstract According to "White Paper on Small and Medium Enterprises in Taiwan, 2014" published by Small and Medium Enterprise Administration, Ministry of Economic Affairs, the Taiwan industry structure is based on small and medium enterprises (SMEs). From its 2013 statistical data, the employed population in SMEs accounted for 78.3% of total national employment. Obviously, the SMEs are the key pillars to prop up the economy of Taiwan. 1950s were the years of the embryonic stage of SMEs in Taiwan. To date, most SMEs in Taiwan have to face the "succession" issue. There are limited resources and short talents in SMEs. Moreover, most of them are family enterprises. Based on above factors, the "succession" problems are as complex and important. Once the wrong decision is made, it is likely that the enterprise established by the first generation would be destroyed in a day, and affects its employees and their dependents’ livelihood. The majority of Chinese family enterprises choose their family member as the successor rather than the qualified. This situation is especially obvious in SMEs. The study is to explore the succession issue in small and medium, family enterprises in Taiwan, and how the enterprises can continue the entrepreneurs’ philosophy to reach sustainable management. The information collection and coordination are in above directions to interview case A “the first generation and the second generation of the small traditional manufacturing industry” and advise on its current status. Keywords: family business, succession