Dissertations / Theses: 'Family Business sustainability'

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Zadeh, Ali Sayyadi. "Sustainability of family business : overcoming generational issues." Thesis, Sheffield Hallam University, 2015. http://shura.shu.ac.uk/20332/.

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This research contributes to bridging the gap in the existing knowledge on sustainability of family businesses. It provides understanding that enables engagement with the theoretical processes underpinning transition. It is grounded in the context of Iranian family businesses, a field in which generational issues have not really been considered before. Furthermore, this research provides understanding of the process of transition from the perspectives of different generations. It thereby enhances family businesses' knowledge of how to grow their business across generations. In both advanced and developing economies, the vast majority of business enterprises are family owned and together they account for most of the jobs created in the economy. Furthermore, scholars have indicated that most family businesses are dysfunctional in transferring the business to the next generation. Hence, transition of family businesses to the next generation involves crises that threaten the sustainability of family firms. The literature on family business and entrepreneurship has not fully investigated the sustainability of family business. This is especially true for firms outside of Western Europe and North America. To address this gap, the study examines a set of eight Iranian entrepreneurial family firms to understand how the family businesses in this region can sustain to the next generation. Therefore the purpose of this thesis is to understand how SME family businesses manage and overcome their generational issues to transit successfully to the next generation. The findings aim to inform family businesses and the practitioners how the conflicts and issues among young generation and senior generation family members can be managed in a way which will result in sustainability of the family business. This study explores the common conflicts that exist between first, second and third generation family members which obstruct the continuity of family businesses in Iran. A qualitative approach was conducted to gather empirical data through in-depth semi-structured interviews with CEOs, family managers and non-involved family members from different generations at the selected SMEs. A purposive sampling technique and general analytical induction approach were used for data collection and analysis respectively. The analysis of the data produced three main themes: Sustaining Governance, Family Trust and Family Integration. The findings of this research identified that, generational issues in Iranian family businesses are related to three main areas. These areas, categorised as sustaining governance, family trust and family integration, have not been explicitly identified in previous research or identified as the main areas of conflicts in family businesses. Furthermore, the findings of this research suggest how to consider and manage each area of conflict. This research also identified participative commitment as a factor linking the derived three main themes in order to resolve issues and support sustainability of family businesses. Accordingly, the research reveals the importance of family members' engagement and participation in every stage of the continuity model. For instance, in developing plans and policies, it is essential to manage family members' expectations, build long term trust among family members and enhance family integration. These are recognised as important elements for the continuity of family business to the next generation. Therefore, participative commitment is recognised as a key concept supporting the sustainability of family businesses. The main outputs from the present research are two practice-based models of 1) continuity process and 2) initiating and building a family business sustainability model. These conceptual models are discussed in chapter 4 (Figures 4.9 and 4.10). The models include elements which can help predecessors and successors in SME family businesses to define their strategy in sustaining to the next generation.

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Akume, Benson. "Determinants of family business sustainability : evidence from Nigeria." Thesis, University of Huddersfield, 2016. http://eprints.hud.ac.uk/id/eprint/31189/.

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Literature in family business perpetuity and sustainability is well documented from the advanced economies, but there is a scarcity of insights from emerging markets where this research relates. Further, while the academic discourse has concentrated on issues of succession and corporate social responsibilities, very little discourse have dwelt on issues of sustainability of the family business; and whereas evidence from literature indicates that the survival rate in family businesses is very low. The evidence of a small percentage of family owned businesses being sustained into their third generation highlights the seeming inherent difficulty in achieving sustainability by most family businesses. Hence there is scarcity of empirical data on the constructs determining the sustainability of family business; and evidence of the low survival rate of family businesses, this thesis, therefore, investigated, and gave an understanding and interpretation of how family business owners can develop the capabilities to survive across generations using the stewardship theory paradigm and relying on evidence from an emerging market economy. A qualitative method with 41 in-depth face-to-face interviews involving owners and managers of family-owned micro, small and medium sized businesses was used. The data were analysed using the thematic analysis procedure with the aid of a Computer Assisted Qualitative Data Analysis Software (CAQDAS). Findings from this thesis contribute to the theoretical literature on stewardship and family business. One of the key findings indicated that, family structure and family internal dynamics have a greater challenge in sustainability. This is the consequence of polygamy, which is well practiced in Nigeria, and in many African countries. It was also found that the element of spirituality arising from the ideals and values of the owning family is a factor for achieving family wellbeing and business sustainability. In the realm of the stewardship theory as the guiding theory for this thesis, it was further found that the stewardship of managers and indeed other non-family member employees within the business is provisional stewardship as non-family members rely on other incentives from the owning family members to behave as stewards. Based on the findings, and building on the stewardship theory, the thesis came up with nine propositions on the constructs determining family business sustainability and developed a model of sustainability for the micro, small, and medium sized family businesses.

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De, Weerdt Philip. "Shared leadership as an approach toward family business sustainability." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/59815.

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The practice of shared leadership in family business management teams requires further study. Shared leadership is an emergent participative theory that requires team leaders to emerge and change naturally within a team. The study aimed to understand the prevalence of shared leadership, awareness of required team leadership qualities, and specific tasks prone to shared leadership, within the family business context. A family business team input-process-output model and sustainability constructs were adopted to study shared leadership in the family business environment. The general heterogeneity and intricacies of family businesses prompted a research case study approach. Incumbent and successor generation teams were interviewed. Findings showed prevalence of shared leadership where the incumbent generation was willing to share management control. In the absence of such willingness, a delegation structure prevailed. Further findings indicated that a family council communication platform can assist with the participation of the successor generation in an environment where the incumbent generation is unwilling to relinquish business control. During the final phase of the succession process, termed relinquishing of control, shared leadership was observed to assist with building of trust and confidence in the successor generation. The observations and conclusions contributed toward family business sustainability knowledge
Mini Dissertation (MBA)--University of Pretoria, 2017.
nk2017
Gordon Institute of Business Science (GIBS)
MBA
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Nwuke, Okechukwu Vitalis. "Leadership Transition Strategies for Medium-Sized Family Businesses' Sustainability." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/4315.

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Medium-sized family businesses are major contributors to economic activities and job creation in Nigeria, but more than 50% of such family businesses fail after leadership succession. The purpose of this multiple case study was to explore the strategies that owners of medium-sized family businesses use to sustain the businesses after the leadership transition from the founders. The population for this study included 3 family business leaders in Lagos and Port Harcourt in Nigeria who have sustained their family businesses after the leadership transition from their founders. The conceptual framework for the study was based on the transformational leadership theory and the theory of planned behavior. Data collection was through semistructured face-to-face interviews and from company documents and artifacts. Data analysis was supported by follow up questions and member checking to enhance the credibility and trustworthiness of interpretations. The 4 themes that emerged were the founders' desire and support for transition, preparation of successors, trust and credibility of successors, and clarity of vision for both the founders and the successors. The findings from this study could contribute to positive social change by providing family business owners with strategies for managing leadership transitions to enable them to sustain their business operations after these transitions. Sustaining the family businesses might lead to a reduction in unemployment and enhance the incomes and well-being of the family members, communities, and Nigerian economy.

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Schlegel, Monika, and Marie-Louise Langer. "The Influence of Generational Perspectives on the Link Between Family Values and Corporate Sustainability in Family Firms." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Center for Family Enterprise and Ownership (CeFEO), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-43955.

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Adams, Karen Ann. "Accounting Strategies for Small Business Law Firms' Sustainability." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2629.

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Small business family law firms generate jobs within the local community, but often fail because of suboptimal accounting strategies. A multiple case study was used to research the accounting strategies small business family law firm owners use to succeed in business beyond 5 years. The population for this study was three small business owners of family law firms located in West Chester, Pennsylvania. The small business family law firm owners had achieved and maintained profitability of their businesses for a minimum of 5 years. Financial literacy theory and the leadership skill model comprised the conceptual framework for this study. Data collection included semistructured face-to-face interviews with the small business family law firm owners, a review of company documents, and field notes. Thematic analysis included data from face-to-face interviews, document collection, field notes, and current literature. Themes that emerged were (a) having or obtaining some formal accounting education, (b) working with an accounting professional, (c) categorizing expenses and using formal financial reporting, (d) developing and maintaining ethical standards of billing and unearned income, and (e) utilizing accounting software. Recommendations for action included investing in accounting courses and seeking professional assistance. Small business family law firm owners may apply these results to spend more time working with clients to increase income. Increasing the success of small business family law firm owners may contribute to positive social change by providing increased employment and economic health within communities.

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Ahunov, Husanboy, and Andreas Eriksson. "Sustainability Reporting by Swedish Family Firms : A Panel Data Analysis." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-387514.

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Introduction - Sustainability reporting is becoming more and more important for businesses all around the world. Extant empirical literature investigating the relationship between family status and sustainability reporting provides inconclusive results. No previous studies investigated this association in the Swedish setting. Purpose - The purpose of this study is to investigate how family control and influence affects sustainability reporting behavior of Swedish listed firms. Theoretical framework – Sustainability disclosures are considered as effective means for companies to communicate with their stakeholders. Family firms are more concerned about their internal and external stakeholders in order to protect family’s socioemotional endowments. Methodology design – We use panel data on Swedish listed firms over the period of 2008-2015. We analyze data with random-effects ordered probit regression for panel data. Empirical findings - When we treat all family firms as homogenous, there are no statistically significant differences in the levels of reports of family and non-family firms. However, when we take into account internal contexts of family firms, we find that a family member(s) in top management or a family CEO make family firms more transparent about their sustainability performance. Conclusion – We document that presence of a family top manager(s) or of a family CEO is associated with higher level of details of sustainability reports. Family top managers are more likely to be concerned about internal and external stakeholders to preserve the family’s SEW.

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AlFahim, A. A. J. "Strategies for family businesses in Abu Dhabi to 2030." Thesis, Coventry University, 2011. http://curve.coventry.ac.uk/open/items/329fa50e-d117-4983-867d-6184806190ee/1.

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In the 21st century, family businesses around the world face significant challenges and plentiful opportunities. The growth and survival of family firms depends on their ability to address these challenges, capitalise on their strengths, and take advantage of the opportunities facing them. The family business literature is rich in the experiences of Americans, Koreans, Swedes and many other nationalities, cultures and religions around the world, but there is a paucity of documented evidence that relates to the Arab world. This study adds a new and important specific contribution to the literature by addressing the field of family businesses in the Arab world, and Abu Dhabi in particular. The thesis concentrates on large family firms which have their headquarters in Abu Dhabi in the United Arab Emirates. The main reason for this choice is pragmatic; the researcher has far greater access to the principals (CEO’s and Chairmen in particular) of Abu Dhabi based family firms than those headquartered elsewhere. This thesis identifies major themes which will influence the future development of family firms in Abu Dhabi in the medium term (taken to mean up to 2030, the period covered by the Abu Dhabi Vision). The research design chosen is an exploratory one. It does not seek to make predictions concerning the future of family firms in Abu Dhabi but attempts to explain the phenomenon of family firms in Abu Dhabi to the extent that explanation helps shed light on possible alternative strategies which such firms might need to adopt if they are to continue to prosper. The research relies heavily on expert interviews. Such a strategy is warranted by the dearth of published data of any sort. This research also makes a useful contribution to our understanding of family firms in general. By concentrating on a hitherto under-researched context, the study adds to our overall understanding by broadening the range of comparative studies of family firms which are available to other researchers.

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Modise, Mosidi. "The role of succession planning in the sustainability of family owned agribusinesses in South Africa." Diss., University of Pretoria, 2011. http://hdl.handle.net/2263/24962.

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The purpose of this research report was to establish what the key contributing factors are towards the long-term sustainability of family owned agribusiness in South Africa. The reason this study was conducted in the agribusiness sector is that 90% of agricultural enterprises in South Africa are reportedly family-owned. Succession was chosen as a key construct, considering the fact that the ability of enterprises to have long-term sustainability is influenced by whether or not they have a plan for succession. A case study method of analysis was used to collect data, which involved interviewing four commercial farming families in the Eastern Free State. It was established from the interviews that each family had unique drivers that enabled or inhibited the succession process. A comparative analysis was conducted to analyse the key factors responsible for a smooth transition and what the barriers were. The research study was also intended to assess how succession planning within South African family-owned agribusinesses was unique. The political context in the country had a major influence on how these farming families would plan for their sustainability going forward. The papers thus examined how these reasons affected black and white commercial farmers differently. The literature that was reviewed was based on the nature of family business succession planning as well as the agriculture sector in both a global and South African context. The theory base used was that of the Conceptual Model of Satisfaction with the Succession Process Sharma et.al. (2003) supported by other theoretical frameworks. The intent was to bring about knowledge that could contribute to the study of family businesses and to find key insights that may be useful to stakeholders in the agricultural sector be it from a firm, advisory, or policy formulating perspective. Copyright
Dissertation (MBA)--University of Pretoria, 2011.
Gordon Institute of Business Science (GIBS)
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Piedrahita, Seifert Tamara. "Organizational Resilience: Key Factors to overcome and survive a Business Crisis. Learnings from a family owned business in Crisis." Thesis, Malmö universitet, Fakulteten för kultur och samhälle (KS), 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:mau:diva-21380.

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BACKGROUND: Organizations are not prepared for crisis and are vulnerable to disruptive changes. SMEs, and organizations in general, are key elements of our society and need to learn how to be resilient, in order to be sustainable. A case study was used to explore key organizational resilience factors to overcome a business crisis.OBJECTIVE: Explore through the theoretical lense of organizational resilience, how the studied SME was lead and organized during crisis towards a sustainable business outcome. With the aim to present learnings and recommendations for organizational resilience and sustainability.THE CASE: Business crisis, generated by a fire, consumed 90% of the production plant of an SME (Small and Medium-sized Enterprise) in Colombia. This SME (Susi Bakery) managed to recover completely from the crisis in 7 months. Different perspectives of the stakeholders across the bakery’s network were analyzed to understand the strategy of this SME, to overcome the crisis and be resilient.METHODS: Single case-exploratory case study, with in-depth semi-structured interviews to different stakeholders across the Bakery’s network. A theoretical framework in organizational resilience was built and used to answer the research questions: What are the factors that make the analyzed SME (Susi Bakery) a resilient organization? What moved key stakeholders towards engaging the recovery of the business crisis? The analysis of the collected data is based on phenomenography, since stakeholders present different subjective perceptions.THEORETICAL CONTRIBUTION: Organizational resilience’ theory explored through the case of an SME in Colombia.CONCLUSIONS: Resilience strengthens the capabilities to adapt and see disruptive changes as opportunities. Organizations can learn to be resilient through the development of resilient business models' and their enabling factors. Currently, 11 enabling factors for organizational resilience can be found in resilient business models theory: Adaptability and innovation, Motivation, Diversity, Collective efficacy, Effective communication, Loosening of control, Sustained relationships, Minimize layoffs, Financial slack, Competence and Acceptance. 3 Additional enabling factors were found in this case: Leadership, Reciprocity and Reputation. There is a research gap regarding the relations and causalities of the resilient enabling factors, and the relationship between organizational resilience and business crisis management.

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De, Scheemaecker Anne-Marie Esther. "Planning Strategies for Generational Succession in Flemish Third-Generation Family-Owned Businesses." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/3762.

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Survival over generations is critical for family-owned businesses (FOBs). Only 3% of family firms survive the 3rd generation, and a succession strategy is the most challenging decision for family business leaders to make. The purpose of this multiple case study was to explore nonfinancial succession planning strategies that 3rd-generation FOB leaders in Flanders, Belgium, apply for the transition of ownership and leadership to the 4th generation. The conceptual framework for this study was the socioemotional wealth paradigm. Data were collected using semistructured interviews, archival document reviews, company internal and public documents, and press releases. Yin's 5-step data analysis was applied to identify themes and patterns. Analysis of the data revealed that, among these 3rd-generation FOBs, the socioemotional aspect of generational succession planning required strategies that simultaneously focused on successor suitability and well-being, consensus of the family, mode of transition, leadership and governance, and survival of the family firm. These findings may provide other, similar FOB leaders with insights into the dynamics of a successful transition of the 3rd-generation family firm to the next generation. Findings may be used to increase FOB survival rates, provide new job opportunities, contribute to community growth, and enhance the well-being of stakeholders. Successful family firms may engage in philanthropic activities as a way of transmitting legacies between generations.

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Stoops, Stefanie T. O. "Model for a social business in Guatemala:Worms and trash for the future(Las lombrices y la basura para el futuro)." Ashland University Honors Theses / OhioLINK, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=auhonors1399665009.

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Mamede, Pedro. "Understanding and use of sustainable performance measures in small and medium firms : the impact of family involvement." Thesis, Paris 1, 2019. http://www.theses.fr/2019PA01E043.

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Partant du point de vue de la performance durable des entreprises, cette thèse se propose à étudier les implications de l´influence familiale au niveau de la compréhension et l’utilisation de mesures de performance durable dans les PME, en particulier dans les entreprises familiales portugaises. Dans un premier temps, une étude bibliométrique a été utilisée pour cartographier les réseaux de connaissances pertinents sur la performance durable des entreprises, extrayant 1271 articles de 1987 à 2015. Par la suite, une analyse bibliométrique sur la période 1987 à 2015 et une analyse lexicale de 63 résumés portant sur les PME ont été menées. Les articles analysés ont montré un cadre théorique propre et l´orientation opérationnelle des études sur les PME. Puis, en utilisant une méthodologie matched-paired et une approche statistique multivariée, nous avons utilisés des données de performance de 65 PME portugaises de 2012 à 2016. Les principales conclusions confirment que la participation familiale influence positivement la performance financière, mais a un effet mixte sur les performances environnementales et sociales. Il a également été prouvé qu'il existe un lien positif entre la performance sociale et financière. Finalement, une étude de cas d’une PME familiale montre qu’une vision socioémotionnelle restreinte prédomine dans les discours des dirigeants et dans leurs actions de gestion, privilégiant ainsi l’engagement limité des parties prenantes. Enfin, il a été prouvé qu'il existait un lien positif entre la performance environnementale et la performance financière dans un contexte de gestion mixte familiale / non-familiale
From a corporate sustainability performance lens, the purpose of this thesis is to investigate the implications of family involvement in the understanding and use of sustainable performance measures in SMEs with an emphasis in Portuguese family firms. First, a bibliometric study has been used to map the relevant knowledge network on sustainability performance measures and measurement field, retrieving 1271 articles from 1987 to 2015. Second, a bibliometric and abstract lexical analysis were used on 63 SMEs. Corporate sustainability performance studies showed specificities of core theoretical knowledge and the greater operational SMEs focus. Third, using matched paired methodology and multivariate approach, we focus 65 Portuguese SMEs from 2012 and 2016. The main findings show a consistent pattern that corporate family involvement influence financial performance but have a mixed effect on environmental and social performance. It was also be provide evidence of positive link between social and financial performance. Fourth, a case study of a sustainable oriented family owned SME shows that a restricted socioemotional view is dominant in top managers discourses and in their managerial actions, privileging primary stakeholders engagement. Finally, it was provided evidence of positive link between environmental and financial performance in a dual managed context

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Malan, Kosie. "Critical success factors for the sustainability of family businesses in South Africa." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/59865.

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Family businesses make up a sizable portion of all businesses in South Africa, yet fairly little research has been conducted to provide insight into the complexities of these business entities. The research explored limitations, enablers, threats, and possible success factors that have a direct impact on family businesses transferal from one generation to the next. The research process consisted of a literature review that analysed international literature and where available, literature pertaining to South Africa. In addition, fifteen semi-structured interviews were conducted with family business operators between the first, second, third, and fourth generations. This was done to gain insight into the perceptions of the family business stewards to identify possible success factors that may be adopted for continued success from one generation to the next. Through this qualitative study, it was found that although the largest threats are located internally, stewards consistently focus outward for achieving family business sustainability from one generation to the next. These threats are predominantly rooted in succession, however, not in the process of succession specifically, but the enablers of succession.
Mini Dissertation (MBA)--University of Pretoria, 2017.
sn2017
Gordon Institute of Business Science (GIBS)
MBA
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Mengel, Niklas. "Drivers of Corporate Social Responsibility (CSR) in Family Businesses." Master's thesis, Vysoká škola ekonomická v Praze, 2016. http://www.nusl.cz/ntk/nusl-264545.

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This thesis analyzed the Drivers and Implementation Approaches of Corporate Social Responsibility (CSR) in Family Businesses. Qualitative Analysis based on Semi-Structured Interviews was conducted in the region of Southern Lower Saxony and later on quantified through category-based Content Analysis. The results suggest that Drivers of CSR can be divided into value-based and strategic, and Implementation Approaches into informal and formal. Family Businesses are more likely to be driven by values and implement an informal approach. Further, a model to define CSR, called Four-Peak Pyramid of Corporate Social Responsibility, was developed. It consists of two fundamental stones of CSR, Compliance and Profitability, and four peaks called Marketplace, Workplace, Community and Environment.

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Swart, Hester Catharina. "Evaluation of the factors that ensures long-term sustainability of family businesses / Hester Catharina Swart." Thesis, North-West University, 2005. http://hdl.handle.net/10394/2483.

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Still, Brandie, and Veronika Thernesz. "Understanding Institutional Influences on Environmental and Social Responsibility in Family-Run Wineries : A look at US and Hungarian CSR practices." Thesis, Malmö universitet, Malmö högskola, Institutionen för Urbana Studier (US), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:mau:diva-37564.

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Purpose – The purpose of the research is to explain how and why the internal and external influences faced by family-run wineries affect their CSR practices and communication through institutional theory and stakeholder theory. Methodology – Ten wineries were analyzed in winemaking regions in Hungary and the US, of which nine semi-structured interviews were undertaken with family members and employees. The research available implies that family-run businesses within the wine industry are regulated by institutionalism (Brundin & Wigren-Kristoferson, 2013). Therefore, institutional theory is applied to the analysis of the data. The lens of institutional theory uses three pillars, regulatory, normative, and cultural cognitive to identify the external and internal influences on these businesses. Thematic analysis was utilized to code and analyze the data. In addition, the content of each interviewed winery is examined using thematic analysis. Thematic analysis is also applied to content provided on each winery’s website to back up the data. Findings –In Hungary, the use of sustainable production methods in wineries is part of the winemakers’ personal value system. In the US, wineries have a fierce commitment to the land. In recent years they have worked hard to communicate their sustainability practices. Winegrowers have incorporated modern and old-school practices addressing sustainability issues to meet the expectations of all stakeholders. Through institutional theory, it has been demonstrated that numerous drivers are influencing family-run wineries to implement environmental and social sustainability practices. However, there is a significant difference between these CSR practices and the need to communicate them between Hungary and the US. There is a significant difference between the communication methods of Hungarian and US wineries. In Hungary, there is little communication of sustainability practices, although there is movement towards more communication about sustainability practices since the introduction of the web and social media. The experience, in general, was that instead of communication, the emphasis is put more on living and working according to the principles of sustainability – whether it is environmental, social, or economic. In the US, the communication of CSR is used as a marketing tool to engage and educate their stakeholders, mainly through social media. Research implications –The implications of our research contribute to the knowledge of corporate social responsibility and how institutional influences affect social and environmental responsibility within family-run wineries by bringing the wine industry, family businesses, and CSR together under the analysis of institutional theory. The findings in this paper should be looked upon by family wineries as a resource related to the current communication of social responsibility in the wine industry. Research limitations – A limitation of this research is the lack of personal meetings with interviewees. Due to the COVID-19 lockdowns, the possibility of conducting the interviews face-to-face was not an option. The researchers were challenged to obtain more personal information about the familial, organizational structure without conducting multiple interviews, building trust and rapport.

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Senate, University of Arizona Faculty. "Faculty Senate Minutes November 6, 2017." University of Arizona Faculty Senate (Tucson, AZ), 2017. http://hdl.handle.net/10150/626195.

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Chao, Wen-Li, and 趙文麗. "The Sustainability of Competitive Advantage for Family Business." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/39nk86.

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碩士
中原大學
企業管理研究所
93
Strategy research is constantly concerned with how to create and sustain firm’s competitive advantage. However, the samples and units of analysis of prior researches mostly limited to general firms but lack of considerations of family corporations despite of its distinctive characteristics. Motivated by theoretical gap, the aim of this research is to explore how family corporation can sustain competitive advantage. Adopted a qualitative research method, this study purposely selected a family company in the printed circuit board industry. We explored how the company reacted to the threats when it wanted to sustain their competitive advantage. The conclusions are listed below: First, the CEO of a family business should obey the fair rule, and makes objective judgments so as to acquire sustainability. Second, the CEO of a family business should define the strategic goal through proper procedure. In case of environmental change, the proper procedure should be taken place to modify the goal. Third, family business should invest in synergistic specificity, not dedicated specificity. If a family business invests in synergistic specificity, they can not only build the relationship with customers, but also enhance their competence. Fourth, family business should stress the employees’ professional and performance rather than adopting lifetime employment. Fifth, family business should build an objective performance evaluation system with regards to strategic goal, inspiring employees to work toward the strategic goal so as to improve the productivity of the enterprise.

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LIU, FANG-CHUN, and 劉芳君. "The Development of Sustainability and Business Performance in Family Firms." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/60758898733101868662.

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博士
逢甲大學
商學博士學位學程
105
Family firms, the most common form of corporate organization in the West, have played an important role globally. The main goal of corporate governance for family firms is continual sustainability and business development. If corporate entities can strengthen the transparency and openness of their corporate governance, and focus on corporate social responsibility (CSR) and sustainable business objectives, besides government supervision, it could positively affect society as a whole and enhance public recognition of business. Determining how we can improve CSR and sustainability management besides the simple pursuit of economic progress in enterprises is an extremely important goal. Social Emotional Wealth (SEW) is the theoretical basis which suggests that family firms have a high aspiration to look for methods that could be used to continue the family emotional attachments and values. While a large body of literature has explored CSR and family firms, few studies have examined the sustainability and SEW, and the development of sustainability also needs to be promoted. Differing significantly from prior research on CSR, this research is based on assumptions that family firms have strong motivations linked to heritage and accumulate SEW in the pursuit of close social relations, and not entirely in the pursuit of economic interests, thus the focus is on the exploration of the development of sustainability and business performance. We use family firms as the sample study since they occupy a high proportion in the economic market, and inferred that family firms will strongly pursue sustainable operation and social recognition, to further explore how the business performance of family firms is affected according to several characteristics of family firms in the case of sustainable development. In this study, we regard the Taiwan Corporate Sustainability Awards (TCSA) as the objective measurement indicator of the development of sustainability; it is based on SEW pursuit of close social relations, and we use return on assets (ROA), return on equity (ROE) and Market Value to Book Value (MTB) measurement indicators as the variables for business performance. Then, we could examine the relations between them. After controlling for firm characteristics and control variables, we detected several characteristics of family firms, i.e. ownership control, deviance of control and distribution, and single family directors board, and how they are related to business performance when firms received TCSA. The empirical results show that sustainability and business performance have a significant positive correlation; it would increase the incentive for other enterprises to pursue sustainable development. Consequently, it benefits society and the environment. With this study, we also suggest that in the case of developing sustainability, factors such as ownership control, seats control and direction by a single family are negatively correlated with the business performance in family firms according to the theoretical foundation of preferring SEW accumulation rather than profits. The contribution of this study not only lies in increasing the empirical research on family firms and sustainability, but also in providing a reference for future research on sustainability issues and SEW. The contribution to management practices is that the results can reveal some perception about continuity operations of enterprises, and the prediction of business performance of enterprises induced by sustainable development as well as different characteristics of family firms for the public or stakeholders. We wish this study could make several contributions to the literature and the practice of management.

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Tadu, Ruramayi. "Effects of governance on the sustainability and continuity of family businesses in Botswana." Thesis, 2018. http://hdl.handle.net/10500/24338.

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Family businesses have become a topic of growing interest among scholars and policy makers at both international and local levels, particularly given the sector’s contribution to the world economies. The increasingly volatile employment climate that prevails in many African settings today has increased the focus on small and medium enterprises as engines of economic growth and employment creation, and Botswana is no exception. The majority of family businesses are small to medium enterprises. The main objective of this study was to investigate the effects of governance structures and systems on the sustainability and continuity of family-owned and controlled businesses in Botswana. A study of this nature was important in view that some key sectors of the Botswana economy are dominated by small and medium family businesses. Of concern is the lack of continuity from one generation to the other among family businesses. Therefore, an understanding of the family dynamics and family business governance systems is important for managing the success and survival of the family business. Studies on small and medium enterprises have been carried out in Botswana mostly focusing on their problems, but not on their governance and sustainability. This was done using a cross-sectional research survey design. The target population for the study comprised small and medium family-owned businesses drawn from the manufacturing and professional services sectors and registered with the Business Botswana and Local Enterprises Authority in 2017. A sample of 144 familyowned businesses based in Gaborone and Francistown was polled. Quantitative data for the research was collected using a questionnaire. The quantitative research methodology adopted applied correlation and regression analysis, utilised Pearson correlation tests and Levene’s independent sample tests were performed to measure the relationships between five independent variables and the sustainability and continuity of family businesses in Botswana. This research empirically tested five hypotheses relating to governance factors that affect the sustainability and continuity of family businesses in Botswana. The research findings support the notion that the presence of governance structures, effective communication, decision-making, succession planning, and a vision, mission and strategy have a positive effect on the sustainability and continuity of family businesses. This research also established that small and medium family businesses face the same challenges as any other formation by ownership of non-family small and medium enterprises. Evidence is also provided that the challenges faced by family businesses in Botswana do not differ significantly with challenges faced by small and medium family businesses, with most respondents citing a lack of funding as the major challenge. For small and medium enterprises to continue playing their critical role in the economic development of Botswana, they need to formalise and adopt systematic approaches to strategy formulation and implementation, succession planning, governance structures and compliance. It is recommended that future studies focus on developing systematic generic models and assist small and medium familyowned businesses to implement and improve on their sustainability and continuity of businesses in Botswana.
Business Management
D. Admin.

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Funk, Jeremy. "Do family businesses “pay it forward”? seeking to understand the relationship between intergenerational behaviour and environmentally sustainable business practices." 2014. http://hdl.handle.net/1993/23714.

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Family business research has explored a number of important questions related to the complexity of intra-organizational family-based involvement (Sharma, 2004; Sharma, Hoy, Astrachen & Koiranen, 2007; Debicki, Matherne III, Kellermanns & Chrisman, 2009; Litz, Pearson & Litchfield, 2011), but the possibility of a potential link between the intentions and actions to facilitate or pursue the voluntary sacrifice by the current generation for generations still to come has largely gone unexplored. I seek to further explore how one’s intention and action, or succession strategy, to eventually pass an enterprise on to the next generation of family potentially influences how one manages that enterprise in the present. I conducted the research using a cross-sectional survey of 218 Manitoba family farms in 2011 to 2012. The data was collected in both an on-line and paper format. I have tested my hypotheses in the Manitoba family farm community to confirm a positive relationship between family farm succession strategy and environmental behaviour while controlling for industry specific measures. The proposed moderators of industry context (resource munificence) and familial context (intergenerational affinity) were not significant. The results provide further support to the notion that within the family business context, succession strategy and environmental behaviours are connected to intergenerational beneficence as “the extent to which members of the present generations are willing to sacrifice their own self-interest for the benefit of future others in the absence of economic or material incentives to present actors for doing so” (Wade-Benzoni & Tost, 2009:166).

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Serra, Paulo Valada. "Corticeira Amorim: uncorking the future: converting a cork stoppers business into a knowledge company – An organizational and strategic evolution –." Master's thesis, 2016. http://hdl.handle.net/10362/18894.

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Corticeira Amorim is, for many years, the worldwide leader in cork manufacturing, setting the pace and pointing the way forward in its sector. However, in the late 1990s, cork stoppers market, since always the company’s main product, was very seriously threatened due to the emergence of a strong substitute – the plastic stopper – ready to dethrone the cork stopper. The two main reasons for its emergence were a huge increase in the cork price, which tripled between 1994 and 2000, and growing customers’ complaints about TCA, deemed responsible for damaging the taste of wine in bottles using cork stoppers. This instigated an organizational and strategic change at Corticeira Amorim in the beginning of the 21st century, converting it from a cork stoppers business into a knowledge company, committed to add value to cork no matter the format. The fact that the company, despite its big size, is a family owned business has played an important role in its evolution and strategic options, throughout its whole history and notably in this critical moment, which denotes a long term concern and deserves analysis. The strong investment in R&D and Innovation, and the growing recognition of knowledge, in its different forms, as a potential source of competitive advantage, also in usually less high-tech sectors, is another perspective to be discussed. This context was the basis for the preparation of a pedagogical case study and teaching note. The case was field based, notably with interviews, as primary data source, and also compiled from published sources, as secondary date source. It is intended to be used as the basis for class discussion rather than as an endorsement, source of primary data or illustration of the effective or ineffective handling of a management situation.

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Dissertations / Theses on the topic 'Family Business sustainability'

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