Journal articles on the topic 'Family-owned business enterprises – Case studies – Management'
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Simpson, Mike, Nick Taylor, and Joanne Padmore. "Marketing in supported employment enterprises – Part 1: case studies." Journal of Small Business and Enterprise Development 8, no. 3 (September 1, 2001): 233–44. http://dx.doi.org/10.1108/eum0000000006823.
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Supported employment enterprises (SEEs) are commercial enterprises that provide meaningful, gainful employment, training and development opportunities for people with a disability. Hence, SEEs are run specifically to provide employment. SEEs, with the exception of Remploy, represent a unique sector of SMEs owned and run by local authorities and charities. The Supported Employment Procurement and Consultancy Service (SEPACS) provides SEEs with per capita funding for disabled employees, capital grants for premises and equipment, grants for marketing research, business advice and performance monitoring. SEPACS is part of the Department for Education and Employment (DfEE). This paper presents some case studies of SEEs in the Yorkshire area. The work explains the complex dificulties facing these organisations and illustrates the different approaches used to cope with these situations. Many SEEs are under threat of closure or radical change in their function as employers of disabled people. This work investigates these issues through selected illustrative case studies. The general weakness of marketing strategies and plans in these organisations is highlighted and related to the impact of SEPACS and local authority policies and practices. This work establishes the important role that marketing strategies and plans could have in ensuring the future survival and growth of these companies.
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Saleem, Irfan, Faiza Khalid, and Muhammad Nadeem. "Family business governance: what’s wrong? What’s right? What’s next?" Emerald Emerging Markets Case Studies 9, no. 1 (January 28, 2019): 1–23. http://dx.doi.org/10.1108/eemcs-02-2018-0011.
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Learning outcomes This case study can help the reader to understand how to build an effective board for family business, and why evolving board structure can help family firm to sustain for a longer period in Market. Reader can also learn about role of independent director, CEO's Succession process and ways to deal with duality issue that family owned enterprise may face during a transition from generation X to Y. Case overview/synopsis This teaching case study describes various decision-making situations using example of a Pakistani family firm and entrepreneurs who started the business few decades back in France. This partially disguised case is based on actual events. The data are collected based on discussions with family business owners and minutes of meetings. The objective of study is to make sense of the family business theories e.g. socio emotional wealth stakeholder and agency. Case readers can also learn about the family’s business governance practices using diverse scenarios presented in this case. Complexity academic level This study is suitable for graduate and undergraduate studies. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 7: Management science.
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Zilber, Silvia Novaes, Emerson Antonio Maccari, José Vicente Carneiro Filho, and Jouliana Jordan Nohara. "Succession in Family Businesses and its Impact on Business Strategy: Case Studies in the Corporate Sector of Medical Product ManufacturersHttp://Dx.Doi.Org/10.5585/Riae.V9i3.1691." Revista Ibero-Americana de Estratégia 9, no. 3 (January 28, 2011): 88–111. http://dx.doi.org/10.5585/ijsm.v9i3.1691.
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In a highly competitive market, the demands for new market positioning, redefinition of objectives and innovative concepts of business management make increasingly prominent leading companies define their competitive strategies to ensure long-term survival. An occurrence in the life of a business that can affect the strategy in companies, particularly characterized as family-run businesses, is the succession process, and the consequences that may result from this process require adaptive management in times of change. Therefore, the purpose of this study is to clarify how the succession process occurs in small and medium-sized enterprises, characterized as family businesses. To this end, we studied three companies in the same sector of the economy, specifically, medical and dental product manufacturers within the industrial sector, using an exploratory method through case studies. Studies revealed coincident points in the three companies, the most striking being the occurrence of succession occurring by removal of the founder, whether for medical reasons or by death. We also address the issues concerning lack of a more elaborate planning for the succession process. The most significant changes were observed in the organizational structure of enterprises in the immediate aftermath of the founder’s succession, when businesses undertook a new dynamic.
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Wynn, Martin, and Peter Jones. "Context and entrepreneurship in Knowledge Transfer Partnerships with small business enterprises." International Journal of Entrepreneurship and Innovation 20, no. 1 (April 24, 2018): 8–20. http://dx.doi.org/10.1177/1465750318771319.
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Entrepreneurship research has often focused on the capabilities and motivation of the entrepreneurs themselves, but there have also been more recent attempts to understand the contextual factors that can engender and support entrepreneurial activity. This article examines the contextual factors in evidence in four Knowledge Transfer Partnership case studies, where entrepreneurial activity has played a key role in developing and implementing significant change projects in small business enterprises. Based on a detailed analysis of these case studies, a number of contextual factors are identified that may act as a model for others researching entrepreneurship in similar contexts. The study finds that four main factors in the broader socio-economic environment were key in engendering entrepreneurial activity: the influence of the local university, availability of financial support, regional knowledge production and the presence of industry clusters pursuing similar objectives. There were also a number of influencing factors within the small business company environment: the potential to develop human and social capital, particularly evident in family businesses, and the opportunities to rapidly adopt and change technology platforms and systems that encouraged entrepreneurial thinking and initiative taking. The case studies also evidence that entrepreneurial initiatives may not always produce successful long-term outcomes.
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Gherardi, Silvia, and Manuela Perrotta. "Daughters taking over the family business." International Journal of Gender and Entrepreneurship 8, no. 1 (March 14, 2016): 28–47. http://dx.doi.org/10.1108/ijge-11-2014-0044.
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Purpose – This paper aims to explore gender and legitimacy in family business succession. Design/methodology/approach – Within the theoretical framework of French pragmatic sociology, the authors conceptualise the family business as the locus where two regimes of engagement are present, generating the co-presence of two orders of worth, namely the domestic and the industrial. Taking a processual approach to entrepreneuring, and using case studies of small enterprises in Italy, this paper explores the case of daughters taking over the family firms. Findings – The paper shows how the daughters’ perceived gender inequality in the succession process is justified and how the justification work and the production of legitimacy are accomplished, shifting from one order of worth to the other. Originality/value – The value of the contribution consists in pointing to how gender inequality is reproduced and justified inside the family business. The dual regime of engagement is what justifies the reproduction of a specific gender regime within the family business. Moreover, the paper adds a “gender” perspective to French pragmatist sociology.
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Mo, Idun Garmo. "Managing institutional complexity in a state-owned enterprise – the role of explicated values and other management controls." Qualitative Research in Accounting & Management 19, no. 2 (January 17, 2022): 186–216. http://dx.doi.org/10.1108/qram-09-2019-0100.
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Purpose The purpose of this paper is to investigate efforts to manage institutional complexity in a state-owned enterprise, the roles of explicated values in these efforts and how these values interact with each other and other influential management controls. Design/methodology/approach Exploratory case study in StateEnt, a state-owned enterprise that faces institutional complexity. The analysis is based on interviews, observations and documents and concepts from the management control literature and institutional logics are applied. Findings Findings from this study suggest that a structural differentiation have separated two logics in different departments and two of the explicated values have become symbols of these logics taking on various roles in negotiations. Tension between the departments is heightened because the departments legitimize logic enactment through mobilizing different socio-technical dyads of management control. The division of responsibility between these departments still ensures that they need to collaborate and make compromises. The study also finds that exogenously imposed constraints have a significant influence on organizational activities, which is further strengthened due to internally developed management controls embedded in the same logic. Research limitations/implications The study contributes with deeper understanding of values as control, and how these interact with other control forms to influence organizational activity. Herein, the importance of regulatory controls in state-owned enterprises is also highlighted. A limitation of this study is the limited size of the organization under investigation. Originality/value The explicit emphasis on values as a control in studies on management control issues in institutionally complex environments is underemphasized in the literature.
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Lee, Jean, and Francis Tan. "Growth of Chinese Family Enterprises in Singapore." Family Business Review 14, no. 1 (March 2001): 49–74. http://dx.doi.org/10.1111/j.1741-6248.2001.00049.x.
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Local Chinese family enterprises (CFEs) are an integral part of Singapore's economy. The objective of this study is to understand the growth and development of CFEs. The study looks at case studies of eight CFEs that are listed on the Stock Exchange of Singapore. In-depth interviews and documentary analyses are used as research instruments. The research uncovers several interesting findings. For example, CFEs experience four stages of development in a process that leads to public listing: Start-Up, Survival, Stability, and Success. The study uses McKinney's seven S factors of Structure, Strategy, System, Staff, Skill, Style (leadership), and Shared Values to examine the characteristics of each stage. It is found that each stage is dominated by one or two distinct S factors that propel the growth of the firm. There is a significant difference in terms of the roles the S factors play, the forms of the S factor, as well as the dominant S factor of each stage. The findings of the study are significant to CFE owners, entrepreneurs, and educators of cross-cultural management.
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Ren, Monica. "How much do CEOs influence risk attitudes in a firm’s internationalization? Exploring Chinese mining SOES and NSOES." Corporate Ownership and Control 13, no. 2 (2016): 23–30. http://dx.doi.org/10.22495/cocv13i2p2.
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This paper provides an insight into comprehending Chinese firms’ strategic behaviour on risks in outward foreign direct investment (OFDI). Qualitative case studies, based on eight Chinese mining state-owned and non-state-owned enterprises (SOEs and NSOEs). The findings suggest that: (a) the characteristics of CEOs (Chief Executive Officers) of both SOEs and NSOEs significantly influenced the firms’ internationalization risk attitudes; (b) the tenure of CEOs led to SOEs’ periodical and NSOEs’ perennial risk attitudes; (c) CEOs’ personalities and tenure tend to drive the directions of risk attitudes, while CEOs’ experiences and remuneration were linked with risk intensities. These results support the upper echelons theory, suggesting that in understanding different ownership types of Chinese firms’ internationalization risk attitudes, CEOs’ characteristics should be investigated.
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Zhou, Tingting, and Juan LI. "Does mixed ownership improve the financial quality of Chinese listed companies?" Nankai Business Review International 8, no. 3 (August 7, 2017): 367–88. http://dx.doi.org/10.1108/nbri-05-2016-0019.
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Purpose The purpose of this paper is to explore financial quality problems, based on the dynamics of the ownership structure, in the privatization process to clarify the internal relation among the ownership’s attribution of the commercial mixed ownership company, the company’s performance and its financial relationships. This paper also examines the mixed ownership enterprise’s potential problems during the development process. Design/methodology/approach Adopting the single case study method, the authors selected the mixed ownership public company Hubei Sanxia New Building Materials Co., Ltd. (stock code: 600293) to explore, from a privatization perspective, the impact of mixed ownership on financial quality. Findings The study found that Sanxia experienced tight cash flow and heavy debt burdens due to the privatization and that its controlling shareholders used non-operating income to support Sanxia, thus characterizing the dual role of “the grabbing hand” and “the helping hand.” Sanxia’s privatization process highlighted the volatility of performance, the exception of monetary funds and the existence of accounting fraud rather than the prosperous development of the capital combination. Originality/value These findings provided case support that privatization negatively affects the financial quality of the company. Previous studies have indicated that there should be greater focus more on the issue that state-owned shares rebound during the process of privatization and that, with respect to commercial mixed ownership reform of state-owned enterprises, such reform must avoid the passive transfer of corporate control, ensure the fairness of the related transactions, prevent the loss of state-owned assets and preclude the controlling shareholders from seizing interests of listed companies.
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Kania, Ikeu, Grisna Anggadwita, and Dini Turipanam Alamanda. "A new approach to stimulate rural entrepreneurship through village-owned enterprises in Indonesia." Journal of Enterprising Communities: People and Places in the Global Economy 15, no. 3 (February 4, 2021): 432–50. http://dx.doi.org/10.1108/jec-07-2020-0137.
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Purpose Village-owned enterprises, in this study called Badan Usaha Milik Desa (BUMDes), are rural communities economic empowerment program developed by the Indonesian Government to encourage the growth of rural entrepreneurship by using the potential of locally owned resources. However, the implementation and effect of the BUMDes program are questionable. Thus, this study aims to investigate the role of BUMDes in encouraging rural entrepreneurship and strengthening rural economic development. In addition, this study also explores challenges in implementing the BUMDes program. Design/methodology/approach This study uses a qualitative method with a case study approach. Data were obtained through in-depth interviews using purposive sampling techniques to key people in management at five BUMDes in Garut Regency, West Java, Indonesia, which have successfully implemented the BUMDes program. Findings The findings of this study indicate that BUMDes are proven to encourage rural entrepreneurship with the dimensions of exploration and empowerment, capacity building and the support and involvement of all stakeholders. BUMDes were established in accordance with government policies based on the village discussion process as the culture of the Indonesian people by involving elements of the village government, associations and the community. However, the challenges in implementing BUMDes are still faced by managers including implementation and regulatory mismatches, lack of qualified human resources and lack of synergy between the village government and BUMDes. Research limitations/implications In this study, the development of a local economic empowerment program as a driver of rural entrepreneurship is carried out in the Indonesian context. In addition, based on the unique nature of case studies, making this study can only be implemented in cases that have similar characteristics. Therefore, in the context of other countries, it can be done by modifying the results obtained based on the conditions and potential of each region. Originality/value Although recognition of entrepreneurship is one of the main determinants of rural economic development, empirical research in this area is relatively rare. Thus, this study adds a new perspective on the BUMDes program as an effort to grow rural entrepreneurship.
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Alas, Ruth, and Külliki Tafel. "Corporate governance in Estonia." Corporate Ownership and Control 5, no. 4 (2008): 296–301. http://dx.doi.org/10.22495/cocv5i4c2p7.
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The corporate governance problems as known in a market economy arose in CEE countries in connection with the privatisation of large enterprises at the beginning of the 1990s, and to a large degree even afterwards. The emerging pattern of CG is quite difficult to interpret according to the traditional Western models and varied greatly from country to country, because in the case of transition countries various institutions and the environment as a whole do not work or at least do not work fully (Tafel et al, 2006). Therefore CEE-countries represent a very good testing ground for Corporate Governance (CG) related research. This paper studies forms of corporate governance in foreign owned companies situating in Estonia: cooperation between the owners, council and board in Estonian enterprises. The paper starts with the theoretical part followed by methodology and results of empirical study in Estonian companies
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Mustafa, Faisal, Ambreen Khursheed, Maham Fatima, and Marriam Rao. "Exploring the impact of COVID-19 pandemic on women entrepreneurs in Pakistan." International Journal of Gender and Entrepreneurship 13, no. 2 (June 10, 2021): 187–203. http://dx.doi.org/10.1108/ijge-09-2020-0149.
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Purpose The purpose of this paper is to explore the impact of COVID-19 lockdown on micro-businesses owned by women borrowers of microfinance institutions and to provide policy suggestions to assist women entrepreneurs in managing such an unexpected crisis from a qualitative perspective within developing countries such as Pakistan. Design/methodology/approach The study adopts a qualitative research design to explore the impact of COVID-19 on women’s entrepreneurial activities. Seven women entrepreneurs were selected and semi-structured interviews with focused group discussion under case study research design are used. Thereby providing a contemporary view of the issues faced by women entrepreneurs in the period of huge social and economic upheaval. Findings The results provide valuable insights about how the COVID-19 crisis affected women entrepreneurs by particularly considering household income, business sales, lifestyle and mental health. The liquidation of women-led businesses indicated the necessity to reconsider creativity and digitalization for business survival. Moreover, the results also revealed that the impact of the COVID-19 pandemic on the physical, mental and economic well-being of women highlights the need for considering gender gap issues in forming response policies for COVID-19 in developing countries. Originality/value As the COVID-19 crisis is a recent and existing phenomenon, this study is among the first to explore particularly the impact of the COVID-19 outbreak on micro-enterprises mainly owned and managed by women. Thereby claiming that COVID-19 not only physically but also psychologically affected women entrepreneurs. Moreover, the study highlights a need of skill focused training programs for women entrepreneurs to make sure that they can protect their businesses during such difficult times.
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Agarwal, Sucheta, and Usha Lenka. "An exploratory study on the development of women entrepreneurs: Indian cases." Journal of Research in Marketing and Entrepreneurship 18, no. 2 (October 17, 2016): 232–47. http://dx.doi.org/10.1108/jrme-04-2015-0024.
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Purpose For establishing self-esteem and recognition in society, women are attracted towards entrepreneurship. To sustain in the competitive market, businesses carried out by women are mainly dependent on internal resources and their capabilities based on which they try to compete with the external environment. Thus, the aim of the paper is to study the role of internal and external factors in the development of women enterprises. Design/methodology/approach The qualitative approach was used based on multiple case studies from India to propose the conceptual framework on the development of enterprises. Findings To achieve success, enterprise makes full utilisation of the internal and external factors. The findings suggested that support from family, friends, society, government, non-governmental organisations and financial institutions as well as skills and abilities of an entrepreneur are accountable for initiation and growth of the venture. Originality/value This study provides the futuristic direction to policymakers and educators for focusing on the enhancement of women entrepreneurship which plays a crucial role in the economic growth of the country.
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de Waal, André, and Amy Wang. "Applicability of the high performance organization (HPO) framework in the Chinese context." Journal of Chinese Human Resource Management 8, no. 1 (May 8, 2017): 22–39. http://dx.doi.org/10.1108/jchrm-06-2016-0007.
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Purpose In recent years, China has shifted its competitive strategy from competing on low cost to producing higher value added products and services, and the country has made the promotion of business excellence a national strategic priority. As a consequence, Chinese organizations need to know the factors that will make them world-class companies. Until recently, not much research has been done into these factors in the Chinese context. The few studies available unfortunately were mainly done only into specific elements of excellence and specific improvement techniques; a holistic and scientifically validated framework for creating high performance organizations (HPOs) cannot be found. The purpose of this study is to evaluate such a framework, which was quite recently developed, for the Chinese context. Design/methodology/approach A possible way forward is to use the HPO framework which was validated in earlier studies for the Asian context. In this paper, this research question is answered: Can the HPO framework be used to help Chinese organization to evaluate and improve the factors for excellence in the Chinese context? The study used a questionnaire which was distributed to respondents of a Chinese state-owned manufacturing enterprise. The results were discussed during a workshop to arrive at the main attention points for the organization. Findings The HPO framework was validated for the Chinese context and yielded valuable recommendations for improvement for the case company. Originality/value This study fills the gap which currently exists in empirical research about organization performance practices in Chinese. The study also has practical implications as management of Chinese state-owned enterprises, and possibly other Chinese companies, are now able to undertake focused improvement actions.
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Cerdeira Bento, João Paulo, and António Moreira. "Environmental impact of FDI – the case of US subsidiaries." Multinational Business Review 27, no. 3 (September 16, 2019): 226–46. http://dx.doi.org/10.1108/mbr-06-2017-0038.
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Purpose This paper aims to examine how foreign direct investment (FDI) and firm-specific advantages (FSAs) of US multinational enterprises (MNEs) majority-owned subsidiaries affect environmental pollution in host countries. The research results contribute to helping managers and policymakers understand the environmental impact of MNEs activities, and encourage these firms to develop environmentally responsible management (ERM) as an element of their corporate social responsibility practice. Design/methodology/approach Panel data consisting of developing and developed countries spanning the years 2004 through 2014 are used. The dynamic panel generalised method of moments technique is implemented. This method avoids common estimation bias, such as endogeneity, heteroscedasticity and autocorrelation. Findings This paper finds that the direct environmental impacts of FDI vary significantly between the two groups of countries. The environmental benefits of FDI to the recipient country are achieved through capital and technology transfer. The study also reveals that R&D intensity moderates the relationship between FDI and environmental pollution in both developing and developed countries in such a way that environmental pollution decreases. Research limitations/implications Future research could explore the environmental impact of MNEs on host countries by considering both equity and non-equity entry modes. The findings offer some support to host government policies offering generous incentive packages to attract R&D investment to improve environmental pollution. This research raises questions as to the reasons corporations operating in developing and developed countries should pursue their ERM practices. Originality/value This research examines both the direct effect of FDI and the moderating effects of FSAs on the relationship between FDI and the environment. Although previous studies have already looked at the relationship between FDI and the environment, the moderating effect of FSAs is very under-developed in this relationship.
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Widakdo, Danang Sudarso Widya Prakoso Joyo. "The Effect of Soft Skills on Organizational Performance: The Mediating Role of Resilient Leadership." GLOBAL BUSINESS FINANCE REVIEW 27, no. 4 (August 31, 2022): 17–26. http://dx.doi.org/10.17549/gbfr.2022.27.4.17.
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Purpose: This study aimed to examine the resilient leadership’s ability to mediate the effect of workability, discipline, and communication or soft skills on organizational performance.
Design/methodology/approach: This leadership performance assessment study used Structural Equation Modeling (SEM) applied to Organizational Behavior with case studies of State companies. Data were collected using in-depth interviews with regional leaders and online questionnaires distributed to participants from State-Owned Enterprises (BUMN) engaged in food logistics in the East Java Province, Indonesia.
Findings: This study found a positive and significant effect of workability, discipline, and communication on leadership resilience and organizational performance mediated by leadership improvement. This showed that strong leader- ship increases the influence of soft skills on the company's organizational performance.
Research limitations/implications: This study only assessed the organizational leaders’ performance within the scope of the BULOG East Java Regional Office, meaning the research results cannot be generalized. It also tested the differences between samples by comparing the organizational performance of several companies’ sectors.
Originality/value: This study linked soft skills comprising workability, discipline, communication, and personality, with organizational performance mediated by tough leadership.
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Konijn, Peter, and Rob van Tulder. "Resources-for-infrastructure (R4I) swaps." critical perspectives on international business 11, no. 3/4 (July 6, 2015): 259–84. http://dx.doi.org/10.1108/cpoib-02-2013-0008.
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Purpose – This paper aims to understand the role resources-for-infrastructure (R4I) swaps play in internationalisation strategies, thereby contributing to a modern theory of the multinational enterprises (MNEs) based on experiences of rising power firms. Since 2004, the Chinese Government; state-owned policy banks; and oil, mining and construction corporations have used a relatively unique form of internationalisation through complex, large-scale R4I swaps in Africa. Design/methodology/approach – This paper uses a resource bundling perspective and political economy lens to analyse complex entry decisions and success, as well as the failure of R4I swaps. The paper is based on a comparative analysis of published case studies of R4I swaps in seven African countries complemented by field research by the first author. Findings – The findings show that, under very specific circumstances, R4I swaps can be considered as a successful internationalisation strategy. R4I swaps enable Chinese MNEs to build and maintain relationships with non-market elites that control access to natural resources and infrastructure contracts. Research limitations/implications – The sample of cases, although representing all relevant R4I-swaps, is too small to come for more quantitative conclusions on success/failure factors. Practical implications – R4I swaps are a very unlikely model for Western MNEs, as they lack the necessary country-specific competitive advantages and institutional mechanisms. Originality/value – To the authors’ knowledge, this is the first comprehensive study of all relevant Chinese R4I swaps in Africa and contains original data from fieldwork in Ghana and D.R. Congo.
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Ward, Susan, and Anna Potter. "H2O: Just Add Branding: Producing High-Quality Children's TV Drama for Multi-Channel Environments." Media International Australia 133, no. 1 (November 2009): 31–42. http://dx.doi.org/10.1177/1329878x0913300108.
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This is a case study of the Australian company Jonathan M. Shiff Productions and its ‘tween’ program, action series H2O: Just Add Water. The program has sold in 150 countries including the United States, where it was ‘the first non-American live action to be bought by Nickelodeon in America’ and screens every Sunday night as family entertainment. It is also the highest rating children's drama series on Nickelodeon UK. While Australia's content regulations are important to its production, of critical importance is ZDF Enterprises, the commercial arm of one of Germany's two public service broadcasting channels, and worldwide distributor and production partner for all Jonathan M. Shiff productions. Case studies such as the following provide useful insights into the shape and operations of mediascapes elsewhere, and where our own media environment may be heading. They also offer a glimpse into the way the international market place is organising along forms of cooperation designed to facilitate global distribution of cultural content. A central proposition of this case study is that the structural conditions of multi-channel environments require certain adjustments in form, content and business modelling that have essentially coalesced around the operation of brand management.
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Gakhar, Divya Verma, and Abhijit Phukon. "From welfare to wealth creation." International Journal of Public Sector Management 31, no. 2 (March 5, 2018): 265–86. http://dx.doi.org/10.1108/ijpsm-03-2017-0096.
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Purpose The purpose of this paper is to review several influential empirical studies that examine the performance of state-owned enterprises (SOEs). The paper undertakes a citation analysis of journals, authors and titles in the area of privatization and firm performance in general, and assesses the impact of privatization on the performance of SOEs in particular. Design/methodology/approach The methodology is based on a systematic and structured review of over 100 papers published in economics, public management, business strategy and related social sciences. The systematic review is based on citation analysis of journals, authors and titles. The journal and author citation counts were tabulated by leveraging the databases of SCImago Journal Rankings and Google Scholar and filtered it to find out the most highly cited journals and authors. The structured review is based on the framing opinion with respect to major findings, variables selected, measurement techniques and statistical tools applied by different researchers. The impact is measured through coding a value “P” in case of positive effects, “N” in case of negative effects and “NT” in case the study found both positive and negative effects. Findings The citation analysis reveals that American Economic Review, Journal of Financial Economics, Review of Financial Studies and Journal of Finance as the top-cited journals, and Megginson and Netter (3,468), Megginson et al. (1,737), Djankov and Murrell (1,356), Boardman and Vining (1,320), Balsam et al. (1,094) and DeWenter and Malatesta (1,018) as the top-cited authors in this particular research field. While majority research studies have revealed a significant improvement in the performance of SOEs in the post-privatization period, few studies have reserved their impact as neutral or even negative in some respects. Originality/value Given that economic transitions, corporate governance, and performance of SOEs have attracted a great attention from public management and business strategy scholars in recent years, this paper aims to summarize a large number of empirical studies that examine the performance of SOEs. The paper would be useful to future researchers especially the beginners and early career researchers in terms of its current trends, selection of variables, measurement techniques and statistical tools applied.
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Alejandra Gonzalez-Perez, Maria, and Juan Fernando Velez-Ocampo. "Targeting one’s own region: internationalisation trends of Colombian multinational companies." European Business Review 26, no. 6 (October 7, 2014): 531–51. http://dx.doi.org/10.1108/ebr-03-2013-0056.
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Purpose – This paper aims to provide an examination of the ongoing internationalisation processes undertaken by 30 major multinational Colombian-owned firms. It also presents a theoretical overview and a conceptual framework for the understanding of internationalisation patterns from emerging countries’ multinational enterprises. Design/methodology/approach – This study is built based both on the results collected from comparative case studies based in the literature and empirical observations of Colombia’s patterns. This study observed the evolution in terms of commitment and investment decisions that 30 major Colombian companies have undergone specially within the past decade. Findings – Although, it was found that direct exports is the widespread entry mode of Colombian companies to foreign markets, most of the observed firms preferred the consolidation in host markets through Mergers & Acquisitions instead of using Greenfield investments or joint ventures. These observations might suggest similarities with the process of internationalisation of Asian tigers multinationals, which means that they are consolidating their internationalisation process based on their learning, linkages and leverages capabilities. Furthermore, Colombian companies are following the internationalisation pattern of other multilatinas. These companies have first explorer natural markets for them; in other words, they have first attempt to be established in markets that share psychic features, and similar institutional environments, as psychic and physical proximity reduces risk and facilitates foreseen return of investments, and therefore long-term capital accumulation. Research limitations/implications – This study has some limitations that suggest further research. First, although the observed firms share one main characteristic: being Colombian-owned multinationals, they belong to diverse fields, so this might pose difficultly for the creation of a framework that explains other multinationals drivers to internationalise. A second limitation is that this analysis does not deepen into the internationalisation patterns of multilatinas from countries other than Colombia; this leaves room for further research questions that might deal with the issue of analysing advantages and disadvantages in the internationalisation process of developing country multinational corporations (DCMCs). A third limitation is that this study does not have a longitudinal approach, so this paper does not intent to provide definitive information about cause-and-effect relationship regarding the drivers for DCMCs to internationalize, instead, this study is intended to provide an analysis of the outward foreign direct investment decisions of Colombian multinational firms. Practical implications – There is limited research based on primary data on accessing the internationalisation process of Colombian multinational companies. This paper offers a research framework and results which could be replicated in other Developing Country Multinational Corporation (DCMNC), and could also be studied longitudinally. This study includes relevant information on the drivers for international expansion, market selection, perceived obstacles, entry modes and consolidation in host markets via acquisitions that could possibly support managerial decisions. Originality/value – There is limited research based on primary data on accessing the process of internationalisation of Colombian multinational companies. This paper offers research framework and results which could be replicated in other DCMNC, and also could be longitudinally studied. This study includes relevant information on the drivers for international expansion, market selection, perceived obstacles, entry modes and consolidation in host markets via acquisitions that could eventually support managerial decisions.
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Noronha, Carlos, Tiffany Cheng Han Leung, and On Ieng Lei. "Corporate social responsibility disclosure in Chinese railway companies." Sustainability Accounting, Management and Policy Journal 6, no. 4 (November 2, 2015): 446–74. http://dx.doi.org/10.1108/sampj-09-2014-0057.
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Purpose – The purpose of this paper is to focus on the corporate response of Chinese railway companies after the deadly Wenzhou train accident in China which happened on July 23, 2011. Few studies on corporate social responsibility (CSR) in developing countries have looked into whether the information disclosed by companies is satisfactory with sufficient response after a major incident has happened. Design/methodology/approach – Five companies with the largest market value in the Chinese railway industry involved in the production of trains and railway systems connected to the “7.23” incident were taken as the observations in this study. Information published by the companies and the media related to the accident, including CSR and sustainability reports, company Web sites, news and press releases and Internet postings, were investigated in detail in a qualitative manner. Findings – The findings show that disclosure of information related to the “7.23” incident was very low or almost inexistent in the observed companies. For those that claimed that they had followed CSR reporting standards and guidelines, the disclosed information appeared to be insufficient to reveal practical information and fulfill stakeholders’ requirements. The study also sheds light on the corporate reporting behaviors of Chinese state-owned enterprises by applying legitimacy, stakeholder and institutional theories to the unique social and political environment in the country. Originality/value – This paper critically reveals the poor corporate response after the “7.23” incident in Chinese railway companies. The case serves as an example for the companies to ponder on what improvements are called for in terms of social reporting and relevant corporate actions after a major accident. Also, the study contributes to the CSR disclosure literature concerning developing countries by examining the case of China and the little studied railway industry run by the state.
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Hadiyat, Yayan. "Peran Bumdes Dalam Membangun Kewirausahaan Dan Kemandirian Desa (Studi Kasus Bumdes Mugirahayu, Desa Lebak Herang, Kecamatan Ciwaru, Kabupaten Kuningan, Jawa Barat)." Jurnal Manajemen 9, no. 1 (August 30, 2018): 71. http://dx.doi.org/10.32832/jm-uika.v9i1.1335.
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<p><em>Village Owned Enterprises (BUMDES) have a strategic role in improving the economy and village independence. Since the issuance of Law No. 32/2004 concerning Regional Government, the number of BUMDES until 2017 has reached 18,446. The main challenge for the existence of BUMDES is to be able to become a driver of economic development in the village. In many regions, BUMBDES has contributed to accelerate rural development and encourage the economic independence in the village. However, many BUMDES are stagnant, so that needs field studies to see the problems and the way of efforts to overcome them, and the result can bu used as models for the development of BUMDES in other regions, and can be used as national models. This article presents the results of case study of the MUGIRAHAYU BUMDES in Lebakherang Village, Subdistrict of Ciwaru, Kuningan District, West Java, where since the beginning of its establishment it has experienced success and gave benefits for improving the community's economy in the village, but many the BUMDES has experienced ups and downs, even stagnating. Some of the problems obtained from the field, namely the existence of organizational and the sussession problems, and emerged the existence of organizational dependence from several administrators, so that a good community spirit (paguyuban) in the village is unable to encourage BUMDES MUGIRAHAYU to build reliablility of the organization of BUMDES and entrepreneurial for the community. The New Public Management (NPM) and Fadel Model (2008), can be proposed to overcome the problems that occur in BUMDES and be able to strengthen sustainability of organizational life and building entrepreneurship. By strengthening transparency, accountability and professionalsm of management teams, BUMDES would be able to push the business of the community in the villages and build community entrepreneurship through exploring the local potential and endowment, so that it can build the economic independence in the village.</em></p><p><em> </em></p><p> </p>
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Indrawati, Retno, Safendrri Komara Ragamustari, and Muhammad Ery Wijaya. "Best Practice in Early Childhood Development Financial Governance: A Case Study in Indonesia Villages." JPUD - Jurnal Pendidikan Usia Dini 15, no. 2 (November 30, 2021): 319–41. http://dx.doi.org/10.21009/jpud.152.07.
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Early childhood development (PAUD) is a fundamental investment that is included in the Sustainable Development Goals (SDGs). Previous research has shown that ECD investment in Indonesia, and its financial governance remains a challenging issue. Through a qualitative approach to a case study method design, this study aims to examine the state of PAUD financial management in Panggungharjo Village, Yogyakarta. This study uses in-depth interviews and desk research as data collection techniques. The instrument was developed from the SABER-ECD World Bank Assessment and ECD Financial Profiling Tools. The results showed that PAUD financial management in established villages had innovative financing, budget management and institutional development resulted in a blueprint for managing PAUD financing in other villages in Indonesia. Important policy objectives in all aspects, including the legal framework, cross-sectoral coordination, program coverage, coverage, equity, data availability, quality standards, and compliance with standards, the vision of financing early childhood development will be more achievable for future research.
Keywords: Early Childhood, Financial Governance, Village
References:
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Pinzón-Castro, Sandra Yesenia, Gonzalo Maldonado-Guzmán, and José Trinidad Marín-Aguilar. "Innovation Adoption in Mexican Small Family Firms." International Business Research 11, no. 4 (February 23, 2018): 7. http://dx.doi.org/10.5539/ibr.v11n4p7.
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Innovation is a topic that has been widely analyzed and discussed in the literature of business and management sciences and there a far and wide consensus among scholars, researchers and professionals that innovation activities should be considered not only as a business strategy but also as a daily activity in enterprises, especially in small and medium-sized ones. However, a high percentage of theoretical and empirical published investigations have focused in the innovation activities of big enterprises while only a small percentage has analyzed this construct in small and medium-sized enterprises. Only a few of them have focused in small, family-owned enterprises even when this type of business is the most representative of the economy and society in country around the world. Therefore, the main goal of this empirical research is the analysis of adopting innovation activities in small, family-owned businesses in an emerging country, as it is the case of Mexico. The results obtained show that there is a clear adoption of innovation in products, processes and management systems from small family businesses.
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Muyengwa, Goodwell, Partson Dube, Kimbelry Battle, and Errol Masinga. "An Enterprise Development Initiative: Incubation In The South African Motor Body Repair Sector." Balkan Region Conference on Engineering and Business Education 1, no. 1 (August 15, 2014): 41–46. http://dx.doi.org/10.2478/cplbu-2014-0009.
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AbstractThe paper investigates motivations, challenges and success factors experienced by an incubator company and panel shop owners during transformation from a non-registered to a registered panel shop. Since 2006 the company has assisted six black owned panel shops in upgrading their businesses through an annual grant of R1.5 million per business. The objective is to develop and empower disadvantaged black owned motor body repairers. The study was conducted through multiple case studies and in-depth interviews with owners and staff of these panel shops including incubator company personnel. The study revealed that noticeable improvements were in better infrastructure, improved management skills, registration with the repair authority, access to work from the insurance industry and better turnover. Challenges faced were in building of trust among panel shop owners and support agencies seconded to their businesses by the incubator company during the incubation process.
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Tundui, Charles Stephen, and Hawa Petro Tundui. "Performance drivers of women-owned microcredit funded enterprises in Tanzania." International Journal of Gender and Entrepreneurship 12, no. 2 (February 27, 2020): 211–30. http://dx.doi.org/10.1108/ijge-06-2019-0101.
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Purpose The purpose of this paper is to investigate performance drivers of women-owned businesses that are funded primarily through microcredit. It draws on Storey’s theory of small business growth and family embeddedness axiom to examine the factors that drive the performance of businesses that are funded primarily through microcredit. Design/methodology/approach The paper uses a cross-sectional survey that covered 208 women business owners who had access to microcredit. The authors use a logistic regression analysis to model the relationship between independent variables and enterprise performance. Findings The paper demonstrates that microcredit plays a significant role in business performance. The credit amount has the most significant influence on the enterprise capital base, whereas the effect on profits is insignificant. Also, owners are more likely to report growth in profits if they possess skills in business management. In addition, younger business owners and necessity entrepreneurs are more likely to report success in their businesses. Other factors that have a significant effect on business performance are product cycle, loan use and family support. Originality/value Many women in Tanzania are entering business ownership and depend on microcredit as their primary source of capital for starting and growing their businesses. However, just a few businesses grow into small and medium-sized enterprises. For informed policy decisions, it is important that the factors influencing the performance of funded businesses are known and well understood. This understanding will help the government and development practitioners assist women in achieving business growth rates that could warrant their empowerment and poverty reduction prospects.
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Koh, Annie, Esther Kong, and Giuseppe Timperio. "An Analysis of Open Innovation Determinants: the Case Study of Singapore based Family owned Enterprises." European Journal Of Family Business 9, no. 2 (December 31, 2019): 85–101. http://dx.doi.org/10.24310/ejfbejfb.v9i2.5678.
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Family businesses play an important role in the growth of global economy, and while they are arguably perceived as a conservative form of organization with high risk aversion and reluctance to change, counterintuitive empirical evidence show that they are most effective in ideation and commercialization of innovation projects. In the current business environment of rapid change in work patterns, fast adoption of enabling technologies for seamless collaborations across industry and geography, along with intense competition and high uncertainty, enterprises have no choice but to maximize returns on innovation investments. Therefore, they are increasingly dependent on an ecosystem-based approach to innovation management, which has shown greater likelihood to create radical innovations and enable profit generation.The objective of this paper is to analyse determinants of open innovation practices in family-owned enterprises in consideration of the joint effect of in-company enablers and external factors. Drawing on a sample of 33 Singapore based family-owned firms, our findings confirmed the key drivers such as family and business culture, access to external funds, government supported initiatives, market dynamics, partnership, network, family capital, and external network. Managerial implications about the necessity to leverage both environmental determinants and internal innovation capabilities to foster novel business ideas are also highlighted in the conclusion of the paper.
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Chittoor, Raveendra, and Ranjan Das. "Professionalization of Management and Succession Performance—A Vital Linkage." Family Business Review 20, no. 1 (March 2007): 65–79. http://dx.doi.org/10.1111/j.1741-6248.2007.00084.x.
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Based on inductive reasoning—case evidence from Indian family business groups and the authors' experience with family businesses in India—this article explores the impact on succession performance of succession to a nonfamily professional manager as compared to a family member, commonly referred to as professionalization of management. An important distinction is drawn between family-owned and family managed businesses and family-owned and professionally managed businesses. Then, drawing from case studies on succession process in three Indian family business groups, the article puts forth five propositions pertaining to the impact of professionalization of management on succession performance. Several directions for further research are indicated.
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Gupta, Priya Dhamija, and Sonali Bhattacharya. "Impact of Knowledge Management Processes for Sustainability of Small Family Businesses: Evidences from the Brassware Sector of Moradabad (India)." Journal of Information & Knowledge Management 15, no. 04 (December 2016): 1650040. http://dx.doi.org/10.1142/s0219649216500404.
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In this research paper, we have studied the role and process of knowledge management in small family businesses at different stages of its growth: startup, business consolidation and succession. We intend to study if in family run MSME clusters education of firm owner gives any edge in the sustainability of the business. There is lack of availability of literature on study of Indian MSME with family business perspective. Our study encompasses factors that stimulate innovation, technology acquisition and business growth and sustainability. Evidences have been drawn from brass manufacturing cluster of Moradabad, Uttar Pradesh, India. The research is based on cross-case analysis of six brassware manufacturing units of Moradabad. We attempted to build on existing literature reviews on knowledge management process in family firms and assess how these theories fit in case of small family run export oriented enterprises, which are highly competitive. It was found family relationship, attitude to learn, critical thinking and social capital are keys in determining sustainability of these firms. A theoretical model has been curved out of the study.
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Tobak, Júlia. "Ownership Structures within Hungarian Family Businesses – Theories and Practice." Applied Studies in Agribusiness and Commerce 12, no. 1-2 (May 2, 2018): 35–40. http://dx.doi.org/10.19041/apstract/2018/1-2/5.
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We can talk about family business if the notions of family, ownership and business are closely connected to each other, namely if the business is in the possession of the family, managed and controlled by the family members. A family owned company is a business where a family has the majority ownership and/or the majority management and at least one family member actively works in the firm, the family owns the business. The study contains the results of research on ownership structure of family owned businesses. The examined family businesses are interested in longterm preservation of values, thus succession of generations plays a key role in their case. They attaches great importance how the ownership structure develops. The methotology to know more about the ownership structure of family businesses 11 expert interviews were made between november 2016 and september 2017 with owners and next generations of family owned agri-food enterprises in Hungary. A case study has been prepared too in this topic with the participation of companies with different activities (production, service, trade). In order to classify the analysed companies six categories of ownership were developed. These are non-owner, emotional owner, partial owner, controlling owner, majority owner and exclusive/ sole owner. Each generation of the analysed FBs were classified to these categories. According to the results the analysed family owned companies even are sharing the property within family. There are only two interviewed companies whose case we can talk about exclusive/sole ownership.
JEL Classification: G32
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LaChapelle, Kacie, and Louis B. Barnes. "The Trust Catalyst in Family-Owned Businesses." Family Business Review 11, no. 1 (March 1998): 1–17. http://dx.doi.org/10.1111/j.1741-6248.1998.00001.x.
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Trust patterns in family-owned businesses are frequently catalyzed by one person. Such individuals are sometimes, but not always, family members who initiate, maintain, and help create higher trust for both the family and the organization. These Trust Catalysts often have little or no formal hierarchical authority in the business. To examine their influence on trust levels, we conducted in-depth interviews with more than 60 people from seven multigenerational companies and backed these findings with data from earlier pilot case studies. Their practices helped us to understand how trust develops, operates, and even expands within family business systems.
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Tu, Ming-Ta, Li-Shiue Gau, Ji-Hwan Park, Wen-Shin Huang, Pham Thuy Duong, and Jong-Chae Kim. "Smart and Sustainable Management of Shoe Machinery Companies in Taiwan during the COVID-19 Pandemic—Case Studies of the Tung Sheng Company and Strong Basic Enterprise Limited Company." Sustainability 14, no. 16 (August 18, 2022): 10274. http://dx.doi.org/10.3390/su141610274.
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This case report combined PEST, SWOT, a business model canvas, and knowledge management to develop a theoretical framework for assessing business models, and smart and sustainable management of two case study companies—Tung Sheng and Strong Basic—in Taiwan during the COVID-19 pandemic. A case study and heuristic inquiry research design was adopted. Secondary data and interviews with top managers were used to triangulate within the same cases. The results show that the case study companies owned capabilities in R&D as a foundation to further apply new smart ICT (information and communication technology) and execute green manufacturing. Strong key partnerships were useful resources to diversify business investment, although current qualified employees were not sufficient. Resilient practices included adopting new and green technology to mitigate the negative impacts of the COVID-19 pandemic. This study establishes a useful framework for case study research and provides practical information about business models, and smart and sustainable management in two case studies.
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Cadieux, Louise, Jean Lorrain, and Pierre Hugron. "Succession in Women-Owned Family Businesses: A Case Study." Family Business Review 15, no. 1 (March 2002): 17–30. http://dx.doi.org/10.1111/j.1741-6248.2002.00017.x.
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Succession is one of the most studied aspects of family businesses. However, although it is estimated that women own more than 33% of such organizations, to our knowledge, few studies focus on succession in them. Our objective is to explore and understand the process of succession in family-owned businesses run by women. This paper presents the results of a case study of four women who own and run family businesses in the manufacturing sector and who have shared the management of their organizations with their successors for at least three years.
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Sacchetti, Silvia, and Ermanno Tortia. "Social responsibility in non-investor-owned organisations." Corporate Governance: The International Journal of Business in Society 20, no. 2 (January 13, 2020): 343–63. http://dx.doi.org/10.1108/cg-04-2019-0123.
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Purpose This study investigates how the creation of social value occurs in different organisational fields, and how it is implemented by organisations that are typically associated with member welfare and social objectives. The purpose of this study, specifically, is to analyse how social responsibility is implemented in organisational forms that do not pursue profit-making objectives in an exclusive or dominant way, that is, organisations that explicitly shape their aims and governance around the production of social value. Design/methodology/approach The paper discusses the main types of organisational forms and their relation with social responsibility. It then presents four case studies completed between 2011 and 2013 in Scotland, UK. These include a range of types of non-investor-owned organisations: two employee-owned companies, one co-operative enterprise and one social enterprise. The case studies have explanatory and descriptive nature, and were aimed at enquiring how non-conventional organisations design their governance, achieve economic sustainability and show capacity to produce social value. Findings Findings highlight the most common elements of the modality by which social responsibility is instituted in the non-profit sector. These include: modifying control rights (“who takes part” and “according to what criteria”); including stakeholders in decision-making processes eventually by means of external networking (how decisions are made and what resources are shared); and making societal aims explicit (“to what expected effects”). Results also emphasise that the production of social value presents challenges. Research limitations/implications Results indicate that social responsibility can be created in different ways. This study’s analysis, however, is limited to illustrative cases from the specific context of Scotland. First, further research is needed on solutions that contribute to a practical understanding on how social value is produced in a variety of contexts. Second, this research does not address what competences are required to develop such solutions. Finally, in this study, the focus has been mostly on successful cases. More insights on the difficulties and limitations that non-investor-owned organisations face when implementing social responsibility would be needed. Practical implications The implementation of this study’s findings is within the control of practitioners and can be useful to the sector, as it identifies the features and challenges of governance consistent with deep forms of social responsibility. Social implications The paper identifies forms of organisations that place the creation of social value at their core. In doing so, this study’s contribution improves understanding around forms of enterprise that can generate positive impacts for society, so that society can promote them actively. Originality/value This study’s contribution offers unique case studies using a framework that analyses social responsibility in a novel way that is by explaining how non-conventional firms design their governance consistently with the aim of producing value for society and to what extent this is done by including diverse interests coming from a variety of stakeholders.
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Jabeen, Fauzia, Mohd Nishat Faisal, Huda Al Matroushi, and Sherine Farouk. "Determinants of innovation decisions among Emirati female-owned small and medium enterprises." International Journal of Gender and Entrepreneurship 11, no. 4 (November 7, 2019): 408–34. http://dx.doi.org/10.1108/ijge-02-2019-0033.
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Purpose The purpose of this study is to investigate the factors that influence the innovation decisions of Emirati women-owned small and medium-sized enterprises (SMEs). Design/methodology/approach This study uses a two-phased approach. In the first phase, empirical research on 50 Emirati female entrepreneurs is conducted to discover the extent of innovation in their ventures. In the second phase, the study uses an analytical hierarchy process (AHP) to prioritize factors considered important in facilitating business innovation among SMEs. The AHP model is developed with 9 criteria and 25 sub-criteria based on the previous literature. Face-to-face interviews are conducted with Emirati female entrepreneurs operating nascent (n = 10), start-up (n = 10) and established innovative (n = 10) businesses to collect data for the AHP study. The data collected are interpreted and a priority vector is assigned to each criterion and sub-criterion. Findings Female SME owners prioritize government policies, research and development, innovation strategy and skill development as the main criteria that influence their innovation decisions. Family support, access to external financing, social networks and the allocation of funds are the main sub-criteria affecting their decisions to be innovative. Furthermore, respondents who are in the nascent business stage consider family motivation as the greatest influence on initiating new ideas through financial and moral support. Among all respondents, the nascent business owners rank skill development the highest because they are still in the initial stages of their business journeys, and thus, obtaining these skills could help them increase innovation and success in their ventures. However, respondents in the established stage rank innovation strategy the highest. Research limitations/implications The study results can help policymakers and women’s associations, such as businesswomen councils, identify the specific inhibitors and facilitators linked to innovation and, thereby, help develop various effective policies to promote innovation among Emirati women-owned SMEs. Originality/value The study is one attempt to facilitate innovation among Emirati women-owned SMEs through its efforts to discover the determinants of innovation efforts at nascent, start-up and established business stages as defined by the Global Entrepreneurship Monitor (2012). The study can help Emirati women-owned SMEs understand the critical factors influencing innovation and can encourage them to incorporate innovative characteristics for business growth and resilience. Furthermore, the study can provide insights for policymakers, financial institutions and non-governmental organizations on factors hindering innovation among Emirati women-owned SMEs, which may serve as a tool for creating resilience among female entrepreneurs.
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Tan, Wee-Liang, and Siew Tong Fock. "Coping with Growth Transitions: The Case of Chinese Family Businesses in Singapore." Family Business Review 14, no. 2 (June 2001): 123–39. http://dx.doi.org/10.1111/j.1741-6248.2001.00123.x.
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Families control more than half of the corporations in East Asia (World Bank, 1999; World Bank, 1998). The contribution of family businesses to Asia's economic growth is predicated upon successfully growing their businesses. Many family businesses in East Asia, spanning countries such as Taiwan, Hong Kong, Indonesia, Singapore, and Malaysia, are Chinese owned and managed. Some claim that these businesses will never develop into full-fledged multinational enterprises because of their cultural heritage (Redding, 1990). However, some Chinese family businesses have successfully made the transition. This paper presents an in-depth study of five Chinese family businesses in Singapore that have successfully made the transition in growth and size and across national boundaries and family generations. Their business empires extend into the Asia Pacific region. This paper highlights the key success factors of these five noteworthy family businesses that enabled them to make these growth transitions.
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Gupta, Saurabh, and Ruchi Tyagi. "A Case Study on the Human Resource Management Practices in the Family Owned versus Professionally Managed Business Enterprises." Asian Journal of Research in Business Economics and Management 8, no. 7 (2018): 1. http://dx.doi.org/10.5958/2249-7307.2018.00060.9.
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Zhu, Jian An. "Case Study of Entrepreneurship and Family Business Succession on the View of Life Cycles." Advanced Materials Research 468-471 (February 2012): 484–87. http://dx.doi.org/10.4028/www.scientific.net/amr.468-471.484.
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In the most common cases, the first generation creates his business, accumulates wealth and waits for the right chance to hand them over to the second generation. The case study on Fotile Co. provides a perspective of both entrepreneurship and succession of family business. In 1996, Mao Li Xiang and his son, Mao Zhong Qun, started together a business on kitchen products. On the view of product life cycle, Mr. Mao Senior produced the clip reeds subcontracting for the state-owned TV set company and electric gas-lighting for international trade which were manufactured with imitation and at last waned after several years, until in 1996 he devoted himself to the third products, Chinese kitchenware, and beat Western technology with domestic technology and design in meeting the needs in Chinese kitchens. On the view of his individual life cycle, Mr. Mao Senior began with the accountant and salesman in commune and brigade enterprise in the 1970’s, manager of in the township and village enterprises in the 1980’s and the owner of family business in 1990’s when he handed over the right of control and finished the professionalization of management, the upgrading of enterprises as well.
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Ammar, Sonia, and Jet Mboga. "Entrepreneurship and Family Owned Enterprises Model for Long-Term Growth and Success: The Case of Sinokrot." Economit Journal: Scientific Journal of Accountancy, Management and Finance 1, no. 2 (June 16, 2021): 122–36. http://dx.doi.org/10.33258/economit.v1i2.450.
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This article explores the startup, growth, and success factors of Sinokrot Global Group. Sinokrot, a family-owned enterprise located in the Palestinian West Bank. Sinokrot began as a local confection in the West Bank, focusing on Agro-Industries and Agriculture, which has expanded into the global market. The firm employs permanent and seasonal workers from surrounding fifty villages and cities. It accounts for three thousand five hundred workers in Palestine society and ships to over twenty countries worldwide. Despite political and economic challenges in Palestine and the Middle East, Sinokrot has set modern successful business ventures in the Palestinian and other emerging markets. This case study on Sinokrot, now termed Sinokrot Holdings, examines factors that contributed to the success and survival of Sinokrot. A structured interview method is used to elicit relevant information from top management of Sinokrot on its sustainable growth and entry into global markets. We will discuss implications for entrepreneurs in less developed nations. An entrepreneurship success model for family-owned businesses is proposed.
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Bjuggren, Per-Olof, and Lars-Göran Sund. "Strategic Decision Making in Intergenerational Successions of Small- and Medium-Size Family-Owned Businesses." Family Business Review 14, no. 1 (March 2001): 11–23. http://dx.doi.org/10.1111/j.1741-6248.2001.00011.x.
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This paper deals with intergenerational successions of small and medium-size enterprises (SMEs). Entrepreneurs face an unavoidable succession dilemma: they must make either explicit or implicit strategic decisions about transitioning ownership of the family business. The main alternatives are to sell the company to someone outside the family or to make arrangements for an interfamily succession. In the latter case, there are many transition modes, e.g., through a gift of shares or a will. This paper uses decision trees to analyze intergenerational successions problems. One conclusion of the paper is that it is important for a society to provide a legal system that facilitates transitions of family companies within the family because the legal system will, among other positive factors connected with family businesses, preserve idiosyncratic knowledge of family character.
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Kopriva, Iztok, and Mojca Bernik. "Comparison of Human Resource Management in Slovenian Family and Non-Family Businesses." Organizacija 42, no. 6 (November 1, 2009): 246–54. http://dx.doi.org/10.2478/v10051-009-0021-2.
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Comparison of Human Resource Management in Slovenian Family and Non-Family BusinessesThe room to reach a competitive advantage in today's dynamic world, companies have in unutilized and even unknown human abilities of own employees. Treatment of people at work in large organizations is well analyzed, but little focus is directed at small and medium-sized enterprises. This is particularly true for family businesses. Small and medium-sized enterprises are largely owned by individual families and are an extremely important part of developed economies. Complexity of internal relationships and interplay between the two systems: families and businesses, which often lead to conflicts in interaction, however, is the reason that many managers and professionals are not willing to work in family businesses. It is justified to set the research question; Are we obligate to treated family businesses as a special case when considering the management of people at work? This paper presents the need to address the family businesses as a special case. In a successful and long living family businesses undoubtedly are closely and carefully working with the employees. It is little known about dealing with people in a Slovenian family businesses and how management practices differ from non-family firms. Based on the study of literature and conclusions from a qualitative empirical study the differences are presented in this article. There are also presented differences in practices of dealing with people at work in foreign and Slovenian non-family and family businesses. At the end there are exposed a good practices of each type of business and recommendations for their use.
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Ulrich, Patrick, and Robert Rieg. "Doing the unexpected – Why German family firms differ from non-family firms in management accounting, planning, and risk integration." Corporate Ownership and Control 18, no. 1, Special Issue (2020): 226–41. http://dx.doi.org/10.22495/cocv18i1siart1.
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In the management accounting literature, planning and budgeting play important roles. In theory and practice, it is assumed so far that companies rely mainly on expected values in the context of planning. Scenarios and risk aspects (in the sense of volatility) play only a minor role. Against the background of new digital possibilities, the discussion on the integration of risk aspects in planning and management accounting is, however, gaining speed again. This applies in particular to family-owned companies, which have always been attested in the literature to have a more risk-averse management style than other companies. The article deals with the question of why companies have so far not or only poorly integrated risk aspects into operational planning and budgeting. This article deals with the consideration of risk aspects in corporate planning based on a sample of 261 German companies. The results of the empirical analysis show that family enterprises and non-family enterprises differ significantly from each other in terms of the consideration of risk aspects. While risk aversion should actually lead to family businesses integrating risks more closely, exactly the opposite is the case. A line of argumentation based on socioemotional wealth (SEW) is being used for this purpose.
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Muhumed, Zubaida, Virginia Bodolica, and Martin Spraggon. "Inside an African family business estate: the founder’s legacy and the successor’s dilemma." Emerald Emerging Markets Case Studies 7, no. 3 (July 31, 2017): 1–28. http://dx.doi.org/10.1108/eemcs-01-2017-0012.
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Subject area Family business. Study level/applicability Specialized undergraduate courses, Elective MBA courses. Case overview This case study uncovers the remarkable story of the relentless growth and sporadic weakening of Nurul Ain (NA) Limited, a family business conglomerate with major operations in the Eastern region of Africa. The case provides an opportunity to follow the different stages of development of this family-owned organization through a sequence of strategic events and family dynamics that led to its recurrent success, decline and rejuvenation. Despite the numerous successes of NA Limited since its establishment in the early 1990s, the ambiguous relationship between family, ownership and management systems has caused a ripple effect of strategic, structural and governance challenges that threaten the sustainability of the family business. Nowadays, the founder faces the pressing challenge of ensuring his legacy remains intact and is passed over to his chosen successor, who, in turn, is confronted with the dilemma of joining the family business or pursing an independent career outside NA Limited. Shedding light on the complexity of today’s family-run organizations, the case allows examining the effectiveness of strategic decision-making in an emerging market context by applying a variety of family business principles, theories and frameworks. Expected learning outcomes Discuss the sources of competitive advantage and the typical challenges that family firms face in the context of emerging markets. Perform a comprehensive corporate diagnosis and examine the specificities of strategic management process in family businesses. Assess the succession management practices in family-run organizations and design a profile of successful successor. Discuss the effectiveness of various corporate governance mechanisms in the context of family-owned enterprises. Evaluate the strategic choices of the top management team and offer recommendations for securing the family business longevity. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 11: Strategy.
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Ainsworth, Susan, and Julie Wolfram Cox. "Families Divided: Culture and Control in Small Family Business." Organization Studies 24, no. 9 (November 2003): 1463–85. http://dx.doi.org/10.1177/0170840603249004.
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In this article, we explore the dynamics of control, compliance and resistance using two case studies where ‘family’ has symbolic, material and ideological significance. While the ‘family’ metaphor is often invoked to suggest a normative unity and integration in large organizations, we investigate the use of shared understandings of divisions (Parker 1995) and difference, as well as unity and similarity, in constituting organizational culture in two small family-owned firms. Diverging from mainstream family business research, we adopt a critical and interpretative approach that incorporates employee perspectives and explores how forms of control and resistance need to be understood in relation to their local contexts. We also argue that organization studies could benefit from revisiting progressive assumptions that equate developments in forms of organization with forms of organizational control.
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Dyer, W. Gibb, and Svetlana Panicheva Mortensen. "Entrepreneurship and Family Business in a Hostile Environment: The Case of Lithuania." Family Business Review 18, no. 3 (September 2005): 247–58. http://dx.doi.org/10.1111/j.1741-6248.2005.00045.x.
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This article compares the survival strategies used by the founders of family and nonfamily businesses in the hostile economic environment of Lithuania. In this exploratory study, six firms were studied in depth: three family firms and three nonfamily firms. These firms were in that sector of the Lithuanian economy designated as “light industry.” The major strategies used by founders to keep their firms viable include (1) developing social capital to gain favor with local authorities and important customers and suppliers and (2) using family networks to gain access to human and financial capital. The family businesses appeared to be more successful than the nonfamily enterprises. Moreover, the ability to draw on family resources seemed to be the predominant reason for their modest success.
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Michiels, Anneleen. "Formal compensation practices in family SMEs." Journal of Small Business and Enterprise Development 24, no. 1 (February 20, 2017): 88–104. http://dx.doi.org/10.1108/jsbed-12-2015-0173.
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Purpose By investigating the use of formal compensation practices in family small- and medium-sized enterprises (SMEs), the purpose of this paper is to provide important new insights in these issues for academics, as well as family business practitioners, prospective applicants and financiers of family businesses. Moreover, this study includes a contingency that allows to explore heterogeneity across family businesses in their use of formal compensation practices: the CEO type. Design/methodology/approach A survey of 124 small- and medium-sized Belgian family businesses to explore the use of formal compensation practices is analyzed by the author. Findings The results support the hypothesis that family firms with a family CEO adopt significantly less formal compensation practices than their counterparts that are led by a non-family CEO. Research limitations/implications Generalizing the findings of this study must be taken with care, as the findings are based on a cross-sectional sample of family SMEs in one country, Belgium. Future research can build on these findings with studies on larger samples in other countries. Practical implications This study may be interesting for family business practitioners and consultants, as it provides insight in the actual use of formal compensation practices that are recommended as a best practice in numerous practitioner handbooks. Also, the results of this study might be important for prospective applicants and financiers, since the compensation system is an important communication device to signal legitimacy to external stakeholders. Originality/value Compensation issues are among the main challenges SMEs, especially family firms, face. Despite the clear importance of this matter, academic interest has been rather limited. This paper therefore displays sound descriptive survey results and empirically investigates the determinants of the use of formal compensation practices in Belgian family SMEs by distinguishing between different types of family businesses.
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Yeung, Henry Wai-chung. "Limits to the Growth of Family-Owned Business? The Case of Chinese Transnational Corporations from Hong Kong." Family Business Review 13, no. 1 (March 2000): 55–70. http://dx.doi.org/10.1111/j.1741-6248.2000.00055.x.
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It has become conventional wisdom in management literature that family-owned business is restricted by its management practices and, therefore, cannot grow beyond a certain size. In the case of Chinese family firms, these practices are related to paternalism, nepotism, personalism, and fragmentation. This paper examines three detailed qualitative case studies of Chinese family firms from Hong Kong that have relentlessly pursued growth through internationalization. It argues that venturing into foreign markets and transnational operations has become an effective means for Chinese family firms to expand beyond the limits of domestic markets and centripetal management structures. International business strategies enable Chinese family firms to socialize trusted members into the corporate “family,” provide a training ground for the future heir to the patriarch, and consolidate networks of personal and business relationships. There are, therefore, no a priori reasons to support the alleged limits to the growth of Chinese family firms in their international context.
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Sadkowska, Joanna. "Difficulties in Building Relationships with External Stakeholders: A Family-Firm Perspective." Sustainability 10, no. 12 (December 3, 2018): 4557. http://dx.doi.org/10.3390/su10124557.
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Currently, there is a growing number of businesses which organize their operations in the form of projects. One of the key success factors in the area of project management is building successful relationships with project stakeholders. Using stakeholder theory perspective and looking through the lens of family involvement, the study addresses two research questions: 1. how do family firms perceive the difficulty in building relationships with external stakeholders compared to other project management difficulties; 2. does organizing work in the form of projects redefine the significance of family involvement in the difficulties of building relationships with external stakeholders. To answer these questions, 154 Polish family-owned enterprises, considered as representatives of Eastern European emerging economies, were surveyed. The results indicate that family involvement strongly influences the difficulties in building relationships with external stakeholders, but only in those companies which at the time of the survey were not managing projects. In the firms employing project management practices, only the factor related to increasing the number of employees had a facilitating effect on the studied phenomenon. On the contrary, in the case of family firms not managing projects, the growth in the number of employees increased the difficulty in building relationships with external stakeholders. The findings add to the research on the role of family involvement in building relationships with a firm’s external stakeholders.
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Gohar, Madiha, and Ayesha Abrar. "An Exploration of Women Owned Home-based Business Through Institutional Theory Lens: A Case of Peshawar, Pakistan." Journal of Applied Economics and Business Studies 6, no. 2 (June 30, 2022): 33–54. http://dx.doi.org/10.34260/jaebs.623.
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This paper aims to explore the dynamics of women owned home-based businesses in the normative context of Peshawar. It helps to add to our understanding of how women create and manage their ventures and get legitimacy in a context where they live like second-class citizen with no rights. The study also highlights the impact of these ventures on their lives and household. A qualitative approach was used to explore the creation and management of women owned home-based businesses in the context of Peshawar. 20 women entrepreneurs were selected through purposive sampling technique. In-depth interviews were conducted to understand the lived experiences. Data was analyzed using thematic analysis. We have built on institutional theory to understand the creation and management of women owned home-based enterprises, which brought about unique insights into this ever-prevailing phenomenon. The findings of this study reveal that given the distinctive context of Peshawar, the role responsibilities of women are shaped through multiple socio-cultural and religious interpretations. Compliance to which, defines the grounds of negotiation for adopting an entrepreneurial career. This makes the venture creation a bounded phenomenon and highly dependent on the familial approval for which norms and values within normative context are negotiated. With familial approval, a home based women entrepreneur (HBWE) ensures her belongingness to the family mores. A legitimacy of HBWE is contingent upon the trust of the family members as an entrepreneur and home maker. At this level, she represents as role model by sharing control which enhances the cultural acceptability of home-based businesses (HBBs). This study has portrayed transition of HBWE through compliance, negotiating, belongingness, legitimacy, emancipation and empowerment.
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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.