Family business, community embeddedness, and civic wealth creation

2021 ◽  
pp. 100469
Author(s):  
G.T. Lumpkin ◽  
Sophie Bacq
Keyword(s):  
Family Business ◽  
Business Community ◽  
Wealth Creation ◽  
Community Embeddedness

Faktor-Faktor yang Merefleksikan Family Business Brand dalam Perspektif Generasi Penerus Perusahaan Keluarga Pada Family Business Community Universitas Ciputra

2021 ◽  
Vol 3 (1) ◽  
pp. 22-46
Author(s):  
Annisa Aisyah Fayola ◽  
Metta Padmalia ◽  
Junko Alessandro Effendy
Keyword(s):  
Structural Equation Modeling ◽  
Family Business ◽  
Structural Equation ◽  
Family Firm ◽  
Partial Least Square ◽  
Least Square ◽  
Business Community ◽  
Equation Modeling ◽  
Firm Reputation ◽  
Probability Sampling

Penelitian ini dilakukan untuk mengetahui faktor-faktor yang dapat merefleksikan family business brand dalam perspektif generasi penerus perusahaan keluarga. Pengumpulan data penelitian disebarkan sebanyak 135 responden pada generasi penerus perusahaan keluarga yang tergabung dalam family business community Universitas Ciputra angkatan tujuh, delapan, dan sembilan yang mayoritas sudah pernah terlibat dalam perusahaan keluarga, Pengambilan sampel dilakukan dengan metode teknik pengambilan sampel non-probability sampling dan metode sampling purposive sampling. Metode analisis data yang digunakan adalah Partial Least Square Structural Equation Modeling (SEM PLS) dengan bantuan program smartPLS 3.0. Hasil analisis pada penelitian ini menunjukkan bahwa Family Business Brand dapat terefleksikan oleh faktor Family Firm Identity, Family Firm Image, dan Family Firm Reputation. Faktor Family Firm Identity terdiri dari pengaruh keluarga, nilai tujuan keluarga, tempat asal perusahaan, nama bisnis/ perusahaan keluarga, dan tumpang tindih nilai bisnis keluarga. Faktor Family Firm Image terdiri dari penggambaran perjanjian keluarga, saluran atau channel yang digunakan, perilaku anggota yang mencerminkan nilai-nilai, dan sejarah pengorbanan bisnis keluarga. Faktor Family Firm Reputation terdiri dari visi kepemimpinan perusahaan, lingkungan tempat kerja, dan kinerja keuangan perusahaan. Hasil olah data menunjukkan faktor yang merefleksikan Family Business Brand dalam perspektif generasi penerus jika diurutkan dari yang tertinggi yaitu faktor family firm identity, faktor family firm image, dan faktor family firm reputation. Kata kunci: Family Business Brand, Family Firm Identity, Family Firm Image, Family Firm Reputation, Generasi Penerus, Perusahaan Keluarga      

scholarly journals THE EFFECT OF AFFECTIVE ORGANIZATIONAL COMMITMENT TOWARDS INNOVATION CAPABILITY AND ITS IMPACT TO JOB PERFORMANCE IN FAMILY BUSINESS

2020 ◽  
Vol 9 (2) ◽  
pp. 99-110
Author(s):  
Yohana Cahya Wibowo ◽  
Natalia Christiani
Keyword(s):  
Organizational Commitment ◽  
Job Performance ◽  
Family Business ◽  
Original Data ◽  
Business Community ◽  
Innovation Capability ◽  
Affective Organizational Commitment ◽  
Online Questionnaire ◽  
Proposed Model

The purpose of this research is to find out about the effect of affective organizational commitment towards innovation capability and its impact to job performance in family business. Methodology – the original data was taken through an online questionnaire with 100 respondents who are members of Family Business Community in Universitas Ciputra along with the non-members. The SmartPLS 3.0 Statistics Program was used to test the proposed model. Findings– Result shows that affective organizational commitment significantly affects innovation capability and job performance and innovation capability significantly affects job performance.

scholarly journals Growing the Arab Family Business (1): Hybrid Organizational Arrangements

2017 ◽  
Vol 4 (1) ◽  
pp. 25
Author(s):  
Georgios Palaiologos ◽  
Zainab Al Khunaizi
Keyword(s):  
Family Business ◽  
Growth Models ◽  
Operational Definition ◽  
Family Businesses ◽  
Business Community ◽  
Primary Data ◽  
Growth Strategies ◽  
Arab Population ◽  
Management Actions ◽  
Hybrid Forms

Purpose: In this research the classical Growth Models have been used to explore the chosen strategies of Family Businesses in Bahrain and GCC. Moreover, various models of Franchising, Product/Market development and diversification, have been tested as means of growth.The purpose of this paper is to provide a perspective on family businesses that are operating business format franchising in Bahrain through examining their share in comparison with other family businesses who are involved in the industry of franchising in Bahrain. The research focuses on studying the management actions or aspects that have contributed to build the structure and governance of those family businesses. There are three main objectives of this paper: To detect justifications for the reasons that encourage franchisors to expand their operations through franchising agreements,To recognize the extent of agreement of those family businesses on the obligations of the franchisor and franchisee.To identify diversification options and other hybrid forms of growth in GCC. Unit of Analysis:The participating members are in all levels of the family business community. The research is focusing on Family business as perceived and declared from the principles matching our definitional assumption. The operational definition used in this research is that “family business is a business governed and/or managed with the intention to shape and pursue the vision of the business held by the dominant coalition controlled by family members of the same family or small number of families in a manner that is potentially sustainable across generations of family or families”Methods: A deductive approach is used, to test theories and concepts of franchising and other hybrid modes. Additionally, a quantitative research methodology has been adopted for collecting the primary data; the data was collected through questionnaire which has been distributed on 24 family businesses operating in the industry of franchising, and has been analyzed statistically. The sample is mainly part of a population of 360 members of Bahrain Family Business Association and we distributed questionnaires with 3 layers of questions: a. control and demographics, b. franchising and c. context specific to Arab family business issues of growth. Findings: The Hybrid forms of arrangements on growth justified in the GCC region. Growth strategies are implemented in multiple directions. Franchising is meaningful option of growth and is also supported in our data. Finally, the observable fact or result was that family businesses operating business format franchising are dominating only small portion of the market share when compared to other family businesses that are operating product franchising in the industry of franchising in Bahrain. Originality/Values: The paper raises interesting issues on Arab Family Business Growth literature, an understudied topic in the field. Additionally, there is a contribution of significance of Ansoff’s and Penrose’s Models that explored as growth options. A framework therefore is proposed on the growth directions of Arab Family Business.Limitations: There are no common grounds of Arab Culture. Our study is limited to the Gulf Cooperation Region, since the Arab profile shows greater similarities, but our assumption is that could work and extent further on the majority of Arab population.

Entrepreneurial behavior of family firms in the Indian community: adoption of a technology platform as a moderator

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sheshadri Chatterjee ◽  
Ranjan Chaudhuri ◽  
Demetris Vrontis
Keyword(s):  
Strategic Planning ◽  
Family Business ◽  
Family Firms ◽  
Business Community ◽  
Entrepreneurial Behavior ◽  
Content Type ◽  
Technology Platform ◽  
Indian Family ◽  
The Family ◽  
Digital Entrepreneurship

Purpose This study aims to investigate the generalizability of Daniela Weismeier-Sammer’s (2011) replication study on entrepreneurial behavior and extended the model by considering the adoption of a technology platform as a moderator in the Indian family entrepreneurship community. Design/methodology/approach The earlier replication study was conducted in Austria, and this one has been conducted in India with 372 respondents of Indian family firms. The study has used the structural equation modeling technique for analysis purposes. The study has also used multi-group analysis for understanding the moderator impact. Findings Willingness to change, generational involvement, perceived technological opportunities and corporate entrepreneurship for the Indian family business community, along with strategic planning, as a moderating factor, formed the earlier model. In the context of strategic planning, this study observes a similarity, but due to the consideration of the additional moderator, the role of generational involvement has become insignificant. Research limitations/implications This study adds value to the overall body of literature on the family business community, digital entrepreneurship and technology adoption in the family business community. The study provides valuable inputs on the digital entrepreneurship and family business firms which could be used by entrepreneurs, policymakers and practitioners for different purposes. The sample size is small and India specific so the proposed model cannot be generalizable. Originality/value This study has used replication and validation techniques in the digital entrepreneurship community and new venture creation in the Indian context. Very few studies have explored the digital entrepreneurship phenomenon in the Indian family business community context. Also, the use of adoption of technology platform as a moderator enhances the model from the earlier study. Thus, this study is deemed to be a unique research study.

Intergenerational Transition in a Small Family Business

2014 ◽  
pp. 131-147 ◽  
Author(s):  
Carlo Mari ◽  
Olimpia Meglio
Keyword(s):  
Family Business ◽  
Second Generation ◽  
Family Businesses ◽  
Wealth Creation ◽  
Italian Family ◽  
Small Family ◽  
Time Periods ◽  
Nuanced Understanding ◽  
Intergenerational Transition ◽  
Prevailing View

Family businesses constitute the key infrastructure of wealth creation across the globe. One of the most important human-resource challenges they face is intergenerational transition, an issue that has received considerable attention from scholars in various countries. Despite this great interest, academics are still attempting to understand the phenomenon and provide effective managerial guidance on how family businesses can make it to the second generation. This chapter seeks to contribute to family business research by offering a more nuanced understanding of intergenerational transition that builds on a conceptualization of the phenomenon as a process rather than the prevailing view of it as an instantaneous event. In order to capture the processual nature of intergenerational transition, evidence is presented from a field study carried out in a small Italian family business that was the arena of three different intergenerational transitions taking place at different time periods. The evidence gathered suggests that the process is shaped by interaction of the different parties involved, who renegotiate their roles as it unfolds, with various factors playing a part.

Interview with Dr. William O’Hara

2003 ◽  
Vol 16 (3) ◽  
pp. 221-223 ◽  
Author(s):  
Paul I. Karofsky
Keyword(s):  
Family Business ◽  
Executive Director ◽  
Family Businesses ◽  
Business Community ◽  
Family Enterprise ◽  
The Family ◽  
History Of ◽  
New Research

Dr. William O’Hara, the executive director of Bryant College’s Institute for Family Enterprise (IFE), answers questions dealing with many aspects of his life. By founding the IFE and continually adapting it to the condition of the marketplace, O’Hara maintains a commitment to expanding the knowledge of the family business community. O’Hara’s new research into the history of family businesses hints at an underlying framework that is still applicable today. He spoke with Paul I. Karofsky, executive director of Northeastern University’s Center for Family Business.

Minority Family Business in Emerging Markets: Organization Forms and Competitive Advantage

2007 ◽  
Vol 20 (4) ◽  
pp. 289-300 ◽  
Author(s):  
Michael Carney
Keyword(s):  
Emerging Markets ◽  
Family Business ◽  
Emerging Market ◽  
Legal Protection ◽  
Family Businesses ◽  
Wealth Creation ◽  
A Value ◽  
Trade Offs ◽  
The Family ◽  
Entrepreneurial Activities

The prevalence of minority family businesses in emerging markets has several theoretical and practical implications. First, a practical consequence of institutional weakness suggests that family businesses perform both wealth-creation and wealth-preservation tasks in an emerging market. Legal protection for property rights and financial institutions specializing in wealth reallocation and preservation are often ineffective in emerging markets. Lacking such security, the family business unit necessarily becomes something more than a value-creation device; it may also serve as a wealth-protection and intergenerational and/or geographical transmission device used to preserve and transfer wealth through various informal and often nontransparent means. Consequently, the financial goals of the family firm are subject to frequent trade-offs between entrepreneurial activities that generate new wealth and more defensive activities that preserve, hide, or allow for the geographic or intergenerational transmission of wealth.

scholarly journals Performance Achievements of Family Business through Successor Readiness and The Relationship between Family and Business Members

2020 ◽  
Vol 13 (2) ◽  
pp. 198
Author(s):  
Gracia Ongkowijoyo ◽  
Timotius F.C.W Sutrisno ◽  
Teofilus Teofilus
Keyword(s):  
Family Business ◽  
Business Performance ◽  
Sampling Technique ◽  
Total Sample ◽  
Family Businesses ◽  
Partial Least Square ◽  
Least Square ◽  
Business Community ◽  
Succession Plan ◽  
The Relationship

Family businesses are one of the biggest contributors to Indonesia’s gross domestic product (GDP). Universitas Ciputra facilitate their students with family business guild. Succession plan and communication are important aspects for family businesses. Family businesses must educate potential successors in order to implement the succession plan well. The purpose of this study was to examine the effect of preparation level of successors towards family business performance; examine the effect of relationships among family and business members towards family business performance. A quantitative approach was used with a population of Universitas Ciputra’s Family Business Community. Purposive random sampling technique was used, yeilding a total sample of 93 people. The data analysis method used is Partial Least Square (PLS). The results showed that preparation level of heirs variable has a positive and significant effect on family business performance; the relationship among family and business members variable has a positive and significant effect on family business performance.

scholarly journals Internalization Mediation towards the Relationship between Entrepreneurial Action and Individual Performance for the Next Generation of Family Companies in Surabaya

2017 ◽  
Vol 20 (1) ◽  
pp. 81
Author(s):  
Carolina Novi Mustikarini
Keyword(s):  
Family Business ◽  
Entrepreneurship Education ◽  
Individual Performance ◽  
Business Community ◽  
Hierarchical Regression ◽  
Mediation Process ◽  
Next Generation ◽  
The Family ◽  
Entrepreneurial Action ◽  
The University

This study  examined the effect of entrepreneurial action for the performance of the next generation using the sample of students who joined the Family Business Community. In this study, there is a high contribution given by the role of entrepreneurship education in preparing the next generation in the family business. In addition, entrepreneurship education is considered possible through the process of internalization of the leaning process that is going on. For example, it is noted that entrepreneurial action can have a significant effect on the performance of the organization. In the context of the family business and entrepreneurial education at the University of Ciputra, both variables (entrepreneurial action and individual performance) are necessary to be tested and therefore, the researcher finds it possible to cary out a research that is supposed to have a contribution to the family business. This study uses a hierarchical regression analysis, to test the stages of the mediation process. The results showed that most of relationships mediate internalization Entrepreneurial Action and Individual Performance.

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