Business succession support for small and medium-sized businesses
Small and medium-sized enterprises (SMEs) account for more than 90% of all businesses in Japan and play an important role in job creation in local areas. In Aichi Prefecture, the number of small and medium-sized businesses that have closed or dissolved has exceeded 1,300 for four consecutive years, and about 70% of those businesses' closings have been due to lack of successors. In light of this situation, the Institute of Business Succession Research was established to contribute to the revitalization of small and medium-sized businesses through industry-academia collaboration.
The main issue facing the management of small and medium-sized businesses is the development of successors, an important process which is often left neglected until it is already too late. In many such cases, there is no alternative but to choose M&A with competitors or to shutter the business. To address this issue, we develop cases related to business succession through industry-academia collaboration, support second business startups, and conduct corporate diagnosis.
Business succession challenges faced by family businesses
Business conditions at the time of closure (N=635)
Reasons for closing the business (N=617)
The Institute for Business Succession Research, a research team made up of faculty members from the NUCB Business School and staff members from credit unions in Aichi Prefecture, conducts Human Resource Development for Business Succession programs with the aim of promoting succession within families. By supporting the succession of businesses within the family, we aim to strengthen the business foundations of small and medium-sized businesses, ensure the provision of employment in the local area, and encourage tomorrow's leaders to revitalize traditional local industries from a new perspective.
Cooperation Agreement with Aichi Shinkin Bank Association
|2010||The Japan Society for Business Succession was established in Japan and the Dean of NUCB Business School was appointed as Board Member|
|2015||Center for Family Business established|
|2015||Agreement on collaboration between Aichi Shinkin Banks Association and NUCB Business School|
|2015||The Annual Meeting of the Japan Society for Business Succession held|
|2016||Agreement on collaboration between Kuwana Shinkin Bank and NUCB Business School|
|2017||Business Succession and Innovation class in collaboration with Aichi Shinkin Banks Association started|
|2017||The 8th Open Forum - Japan Society for Business Succession held|
|2017||MEXT Branding Project Grant awarded|
|2018||The Annual Meeting of the Japan Society for Business Succession held|
The NUCB Business School and Shinkin Bank Collaborate to Develop Human Resources for Business Succession
The Nagoya University of Commerce and Business (operated by the Kurimoto Educational Institute) and 15 member banks of the Aichi Shinkin Bank Association established the NUCB Institute of Business Succession Research in 2015. Through its collaborative research initiatives, the Institute implements the Human Resource Development for Business Succession programs in order to enable and support succession within family businesses.