Academic literature on the topic 'Family Business/es (FB/FBs)'
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Journal articles on the topic "Family Business/es (FB/FBs)"
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Hiebl, Martin R. W. "Family involvement and organizational ambidexterity in later-generation family businesses." Management Decision 53, no. 5 (June 15, 2015): 1061–82. http://dx.doi.org/10.1108/md-04-2014-0191.
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Purpose – How family businesses (FBs) manage to survive in the long term is still not well understood in FB research. A promising concept to explain survivability, that is currently heavily discussed in the management literature is organizational ambidexterity (OA) – the ability to balance exploring and exploiting activities at the same time. However, FB research has not yet taken sufficient advantage of the potential of OA to contribute to explaining the ability of later-generation FBs to survive. The paper aims to discuss this issue. Design/methodology/approach – Using central tenets of agency theory, this conceptual paper draws together findings from the FB literature and the OA literature to create a framework for the relationship between family involvement and the ability to reach high levels of OA. Findings – Seven propositions are developed which suggest that the level of family involvement in ownership and management affect the ability of later-generation FBs to reach high levels of OA. They further suggest that the number of family shareholders, the existence of majority family shareholders, and generational involvement of the controlling family in management moderate these relationships. Originality/value – This is the first paper to theoretically analyze OA in later-generation FBs. The seven propositions and avenues for further research presented in this paper are intended to motivate FB research to take a closer look at OA. This may be crucial to better explaining and predicting one of business-owning families’ most important goals: the long-term survival of the FB.
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Parada, Maria Jose, and Alexandra Dawson. "Building family business identity through transgenerational narratives." Journal of Organizational Change Management 30, no. 3 (May 8, 2017): 344–56. http://dx.doi.org/10.1108/jocm-10-2016-0200.
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Purpose The purpose of this paper is to understand how family businesses (FBs) build their collective identity through transgenerational narratives. The authors examine the processes through which organizational meanings are socially constructed through narratives about individuals who are closely linked to the organizations (and their family). Design/methodology/approach Based on qualitative research, the authors study a 180-year old Spanish Pharmaceutical FB. Using longitudinal data, the authors analyze the narratives of six family members and two non-family executives. The authors use open-ended questions to allow interviewees to elaborate their own stories, following previous studies using extended narratives that leave the stage to the narrator. Findings Findings based on the stories of the eight interviewees (voice) suggest that the FB identity was initiated by the founder’s way to grow the business (fictionality). In turn the family shaped the identity of the FB, being reshaped by the stories arising from next generations’ entry into the business (reflexivity). While the FB identity reflects that of the owners, this identity is enduring but dynamic (temporality), not only shaped by the business family behind, but also conditioned by the environment. Originality/value The authors contribute to the growing literature adopting a narrative method to study phenomena in FBs. Thanks to the richness of the empirical material, a narrative method is particularly suited – and novel – for understanding collective identity, a crucial organizational resource that is closely linked to leadership in the FB.
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Molly, Vincent, Diane Arijs, and Johan Lambrecht. "Building and maintaining the family business-private equity relationship." Journal of Small Business and Enterprise Development 25, no. 1 (February 12, 2018): 41–63. http://dx.doi.org/10.1108/jsbed-02-2017-0051.
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Purpose Adopting an integrated agency and stewardship perspective, the purpose of this paper is to understand the relationship between family businesses (FBs) and private equity (PE) investors at three stages: entry, cooperation, and exit. Design/methodology/approach This qualitative study combines the perspectives of 11 FB owners and/or managers, seven PE investors, and four intermediaries. The in-depth interviews of this purposive sample are analysed at the intra- and inter-case level using a template analysis approach up to reaching theoretical saturation. Findings Building and maintaining an effective relationship between the FB and the PE investor requires both a stewardship perspective (i.e. reciprocal principal-steward behaviour) and a necessary but insufficient agency perspective (i.e. principal-principal behaviour). Research limitations/implications More large-scale studies with an integrated agency-stewardship perspective on FBs using PE can increase the external validity of the insights from this research to build and maintain an effective relationship between both parties. Practical implications Providing insights into the relationship building process and best practices, this study helps reduce the knowledge and empathy gap that exists between FBs and PE. Originality/value The results clarify the need to reconcile an agency and stewardship perspective to thoroughly understand the relationship and behaviour of FBs and PE investors, and to help the parties understand and benefit from each other’s added value.
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Plakoyiannaki, Emmanuella, Aikaterini Pavlos Kampouri, Georgia Stavraki, and Iordanis Kotzaivazoglou. "Family business internationalisation through a digital entry mode." Marketing Intelligence & Planning 32, no. 2 (April 7, 2014): 190–207. http://dx.doi.org/10.1108/mip-01-2013-0016.
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Purpose – The purpose of this paper is to contribute to the emerging literature stream of family business (FB) internationalisation. Its purpose is twofold: first, to provide empirical evidence on the motives, facilitators and obstacles and second, to understand different pathways and entry modes of FB internationalisation. Design/methodology/approach – The authors employ a multiple case study design that draws on various sources of data and examines eight Greek companies in the apiculture sector. Findings – The case study evidence brings to the fore the existence of various motives, facilitators and obstacles to FB internationalisation in Greece. Moreover, it fleshes out the “e-born global” FB that employs a digital entry mode and heavily relies on new technologies in order to identify international opportunities and reduce information asymmetries in foreign markets. Such an entry mode allowed the investigated firms to achieve a speedy entry to foreign countries and compete in geographically distant markets. Practical implications – Understanding FB internationalisation may assist governments in adopting policies for stimulating outward activities of domestic firms. Originality/value – The results provide important insights into how FBs enter foreign markets and use technology in their internationalisation efforts.
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Steiger, Tanja, Christine Duller, and Martin R. W. Hiebl. "No Consensus in Sight: An Analysis of Ten Years of Family Business Definitions in Empirical Research Studies." Journal of Enterprising Culture 23, no. 01 (March 2015): 25–62. http://dx.doi.org/10.1142/s0218495815500028.
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Family business (FB) scholars often criticize the fact that FB research has not yet developed a commonly accepted definition of what constitutes an FB. At the same time, the literature lacks empirical evidence for this claim. Hence, we collected all empirical FB research articles published between 2002 and 2011 in the five leading FB research journals to examine the types of FB definitions used in the literature and to determine how their usage relates to bibliographical and methodological contextual factors. The resulting 238 articles were analyzed in terms of their underlying approaches to defining FBs. Our paper provides empirical support for the notion that FB research has not yet found a commonly accepted definition of FB. Most definitions can be classified as being rooted in the components-of-involvement approach (44% of all evaluated articles), in the essence approach (21%), or in a combination of the two (33%). We also find that the type of FB definition used in empirical research in our sample is significantly associated with the publication outlet, the continent of data collection, the number of authors and the stock market listing status of analyzed firms.
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Adiasih, Priskila, Gunawan Tanuwidjaja, Meidy Maria, Grace Silvani, Elvianty Gontha, and Adi Wibowo. "Documenting Family Businesses Typology in Traditional Food Sector in Surabaya: Architecture Design and Business Principles." SHS Web of Conferences 59 (2018): 01025. http://dx.doi.org/10.1051/shsconf/20185901025.
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Family business (FB) in the food industry was very important. Capturing the Family Business Resilience in Traditional Food Sector in Surabaya was conducted from 2015 to 2016 by Petra Christian University, funded by UBCHEA. The purposes were to document the Family Business in traditional food sector in Surabaya and the types of business place of the family business. It was conducted with qualitative methods of: FB location mapping, students’ workshop, interview and photo documentation, video documentation, SWOT analysis, marketing and architectural design for traditional food vendors. FB in Traditional Food Sector in Surabaya were found interesting but less sustainable. The Business Principles, such as, hard work and humility were found central. They could be more sustainable with application of human resources development and professional management. Meanwhile attractive factors of the FBs were the food quality, human service and affordable food price. Several types of architecture typology were found: the restaurant, the legal eating place (warung) and the illegal street-hawker stall. The informal ones were found because of the behavior of Surabaya’s residents. Lastly, more business development strategies were needed, such as website marketing, collaboration with online marketing such as Go-Food and architectural rehabilitation.
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Casprini, Elena, Simona D'Antone, Bernard Paranque, Tommaso Pucci, and Lorenzo Zanni. "I choose my business model! A cross-national analysis of business model choice in family firms." EuroMed Journal of Business 11, no. 2 (July 4, 2016): 212–31. http://dx.doi.org/10.1108/emjb-06-2014-0017.
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Purpose – Drawing on family-business and business model (BM) literature the purpose of this paper is to explore whether a relationship exists between the family involvement in the management (i.e. closed or mixed management) and BM choice. Design/methodology/approach – A multiple case study analysis of family-owned wineries in Chianti (Italy) and Côtes du Rhône (France) has been conducted. Findings – The analysis surprisingly reveals that no relationship exists between the BM ideal type chosen and the type of management composition. Rather, it seems that the choice of hiring non-family managers is dictated by the willingness to reinforce the BM chosen by the owner and that the role played by non-family managers is not revolutionary but reinforces the owner’s BM choice. The authors propose that the stewardship theory can contribute in explaining the findings. Originality/value – A twofold contribution is offered by this study: first, it links the strategic management research on BMs to family business (FB) research on corporate governance and specifically on the composition of management teams; second, it provides an empirical example of a cross-national comparative analysis on FBs using multiple case studies.
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Alonso, Abel Duarte, Seng Kok, and Michelle O’Shea. "The family business, adversity and change: A dynamic capabilities and knowledge-based approach." Journal of General Management 44, no. 2 (January 2019): 96–109. http://dx.doi.org/10.1177/0306307018810585.
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While the growth of family business (FB) research is undisputable, knowledge gaps have been recognized, notably, regarding the lack of a strategic management theory, and a predominance of quantitative over qualitative methods when researchers examine FBs. This study seeks to address these research gaps. First, the study proposes a framework based on the knowledge-based view framework and the dynamic capabilities approach to examine adaptation to adversity and to a changing business environment through the case of Hawkshead Relish Company, a family firm operating in the United Kingdom. Second, it employs a qualitative approach. Face-to-face interviews, on-site observations and archival information of the firm helped reveal the association between dynamic capabilities, knowledge acquisition, networking and innovation. Sensing, seizing and transforming were manifested within and through the organization’s strategy and practice. Overall, the framework emphasizes how the above associations are applicable to family firms when adapting to adversity and change.
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AlRebdi, Anas, and Khaliq Ahmad Mohamad. "Unsustainable Family Business in Saudi Arabia - The Roadmap Ahead." International Journal of Business and Management Research 9, no. 2 (June 30, 2021): 233–43. http://dx.doi.org/10.37391/ijbmr.090216.
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Family businesses play a crucial role in the global economy. The GCC especially the Kingdom of Saudi Arabia occupies a significant place in the global economic pie. It offers many employment opportunities to the Saudi and non-Saudi nationals and contributes a significantly to the GDP. According to the government sources there are an estimated 538,000 family businesses in the Kingdom and together this family business cluster contributes approximately 216 billion dollars to the national GDP and provides employments to approximately 7.2 million workers that constitute about 52 percent of the total workforce. Beside such a great potential there are only a few of them can thrive and survive in the present circumstances in the market. Just a third of family businesses are successful thanks to a new generation of entrepreneurs in command. Future success depends to a large extent on the successive achievements of these newly minted entrepreneurs and sustainability of family businesses of such companies in the past affects the success of future generations of these family businesses. There are many challenges these family businesses are facing once left them unattended may cause them to fail is the focus of this study. Hence there is a need to focus on several attributes of sound management in order to be able to continue and grow to remain sustainable would be contribution of this study. The purpose of this study therefore is to identify the various success factors associated to the question of unsustainability of these family businesses (FB) in Saudi Arabia (KSA). Our understanding indicated that Family Businesses (FB) is short-term oriented. For sustainability these FBs need to create and give more importance to factors such as strategic thinking, to train next of kin to ensure succession planning and sound corporate governance for business longevity. As recommendation the immediate family members and potential business leaders emerging from the younger generations need to be trained for their business continuity and survival.
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Goede, Waldir, Dinorá Eliete Floriani, and Ademir Furtado Filho. "Family influence on internationalization: an analysis of risk acceptance." Revista de Negócios 22, no. 1 (May 3, 2018): 8. http://dx.doi.org/10.7867/1980-4431.2017v22n1p8-19.
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This article aims to contribute to the literature on family business (FBs), particularly from the perspective of commitment and influence of family on the FB internationalization regarding risk acceptance. Qualitative in nature, the study involved the use of a single longitudinal case study, based on in-depth interviews, storytelling and secondary data. Primary data were collected through semi-structured personal interviews with the company’s board chairman and vice-chairman, commercial director, European director and export manager; and secondary data were obtained using documental and scientific sources. It could be seen that family commitment and ownership influenced the internationalization process due to the proactivity of its European descendant founders, and particularly because in this company studied the process was initiated by a non-family member. However, family participation encourages risk acceptance, since the attachment to the family business creates an eagerness for growth. The findings corroborate the characteristics proposed by the Uppsala School, which claims that internationalization occurs in an unplanned, opportunistic manner, following sequential phases, through incremental learning and via the establishment of networks.
Dissertations / Theses on the topic "Family Business/es (FB/FBs)"
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Alhasni, Rafah, and Tari Negar Askari. "Internal Growth Barriers Of Small Swedish Family Business." Thesis, Jönköping University, Internationella Handelshögskolan, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-52767.
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Background:The family business is one of Sweden’s most common business forms, making up 90% of all firms and institutions. Also, it accounts for more than a third of GDP. So, it plays a vital role in the economy in Sweden. However, most of the family businesses are relatively small. Purpose:This paper aims to explore and understand the internal growth barriers to the small Swedish family business. Method:A qualitative method inspired by the inductive approach was conducted through semi-structured interviews with five owners of small family businesses in Sweden. The data were analyzed through three steps of general analytical procedure, which are (1) data reduction, (2) data displays, (3) conclusion and verification. Conclusion:This study concludes several internal growth barriers that affect the small Swedish family business: having only revenue goals, long-term growth goals, no written form of goals, family-oriented goals, unawareness of owner to change the firm’s structure during the growth, owner’s tendency to control all activities, owner prefers to keep the business smaller to keep control, the owner has more than one role and task, shortage of competencies and skills, unqualified successors and family members are welcome, lack of robots and Knowledge, owners have another job, different tasks, and roles, family business offers services of high quality that need time, selecting the oldest son to take over regardless of his competencies, employees’ attitude towards obeying a female owner, successors have no interest in taking over, no successors, rivalry among siblings and conflict of their interest, high arguments, different goals of family members from different generations, employ the first non-family member employee, employed more people, fear that non-family employees are less interested in FB or that more employees lead to loss of control, not able to employ more people and finally risk-avoiding behaviour. These barriers resulted in: hindering strategic changes in the needed time, innovation changes in the market obstructed, goals are forgotten, lack of competencies and skills, increases workload and challenges for the male manager, not responding to the market changes quickly, impossible to manage everything effectively, decrease control, not employing needed employees, responsibilities and roles on the owner increase, decrease integrity and harmony in the family, and finally, not developing the products, assisting more customers, and focusing on the growth. Consequently, lead to selling the firm and not keep it for a long time, slow growth, do no maximize potential growth, growth affected negatively, growth hindered, stay in the same size, avoid growth chances, or miss growth opportunities.
Book chapters on the topic "Family Business/es (FB/FBs)"
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Costa, Joana. "Performance Determinants in Family Business." In Advances in Business Strategy and Competitive Advantage, 206–27. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-3648-3.ch012.
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Family businesses (FBs) are central to economies: in Portugal the impact of these structures reaches 2/3 of the GDP, 1/2 of the labour force, and 4/5 of the firms in operation, most of them being SMEs. These organisations play a central role in terms of job creation, local development, knowledge transfer, and territorial cohesion. Innovative activities are key factors for competitive economies; yet innovation increases risk exposure and FBs are conservative and risk adverse, resisting change, relying on internal factors rather than opening to the external environment, consequently postponing innovation and thus pledging their future. Their embedded culture reduces innovative propensity; still, the existence loyalty trust and informal networks enhance individual or collective innovation processes. Using a dataset of 110 FBs innovation and internationalization along with other structural characteristics are connected to their economic performance, shedding light on the determinants FB economic efficiency. Given their importance, made-to-measure policy schemes should be designed.
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Costa, Joana. "Performance Determinants in Family Business." In Research Anthology on Strategies for Maintaining Successful Family Firms, 153–74. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-3550-2.ch007.
Full textAbstract:
Family businesses (FBs) are central to economies: in Portugal the impact of these structures reaches 2/3 of the GDP, 1/2 of the labour force, and 4/5 of the firms in operation, most of them being SMEs. These organisations play a central role in terms of job creation, local development, knowledge transfer, and territorial cohesion. Innovative activities are key factors for competitive economies; yet innovation increases risk exposure and FBs are conservative and risk adverse, resisting change, relying on internal factors rather than opening to the external environment, consequently postponing innovation and thus pledging their future. Their embedded culture reduces innovative propensity; still, the existence loyalty trust and informal networks enhance individual or collective innovation processes. Using a dataset of 110 FBs innovation and internationalization along with other structural characteristics are connected to their economic performance, shedding light on the determinants FB economic efficiency. Given their importance, made-to-measure policy schemes should be designed.