Family firms as agents of sustainable development: A normative perspective

2022 ◽  
Vol 174 ◽  
pp. 121135
Author(s):  
Robin-Alexander Ernst ◽  
Maike Gerken ◽  
Andreas Hack ◽  
Marcel Hülsbeck
Author(s):  
Aneta Kuźniarska

Issues associated with the fair distribution of resources for both current and future generations are gaining on more importance as a result of broad discussion worldwide relating to the ecological problems. One of the significant elements of these activities is embodied by family firms; hence, the aim of this chapter is an attempt to indicate what an important role in terms of building the future of family firms is played by the adoption of the principles of sustainable management with the participation of the employees and the owners on the basis of the appropriately designed functions of HRM. The chapter includes introductory elements to the significance and foundations of the concept of sustainable development in order for the subsequent sections to contain information on the subject of utilizing the concept of sustainable management in organizations and the departments of HR. The final section of the chapter constitutes indications referring to the creation of sustainable personnel in family firms as a challenge that is facing the departments of HR.


2022 ◽  
pp. 565-582
Author(s):  
Angela Dettori ◽  
Michela Floris ◽  
Cinzia Dessì

This chapter outlines the relevance of sustainable development as a key for family firm success and its ability to guarantee long-term survival and spread positive effects in social, economic, and natural environments. By particularly analyzing a single case study of a Sardinian family business, this work explores the intertwined relationships among sustainability, owner innovativeness, and firm success. Moreover, the importance of family businesses and the scarcity of the study conducted to date have suggested a focus on how these companies tackle sustainability challenges.


2019 ◽  
Vol 1 (4) ◽  
pp. 82-92
Author(s):  
Ihor ALIEKSIEIEV ◽  
Andriana MAZUR ◽  
Vladyslav ALIEKSIEIEV ◽  
Oleh DEMKIV

Author(s):  
Angela Dettori ◽  
Michela Floris ◽  
Cinzia Dessì

This chapter outlines the relevance of sustainable development as a key for family firm success and its ability to guarantee long-term survival and spread positive effects in social, economic, and natural environments. By particularly analyzing a single case study of a Sardinian family business, this work explores the intertwined relationships among sustainability, owner innovativeness, and firm success. Moreover, the importance of family businesses and the scarcity of the study conducted to date have suggested a focus on how these companies tackle sustainability challenges.


Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7411
Author(s):  
Elżbieta Bukalska ◽  
Marek Zinecker ◽  
Michał Bernard Pietrzak

Agreed upon by the UN member states, Agenda 2030 assumes joint action for long-term sustainable development. These actions are focused on the implementation of 17 Sustainable Development Goals (SDGs), where actions are assumed to lead to the suppression of negative externalities of human activity. It is stressed that the objectives of sustainable development can only be achieved through deep institutional changes in most dimensions of the economy, including the entrepreneurship dimension. Entrepreneurship plays a pivotal role in the sustainable transformation of the community, as the related activities of companies are the source of the desired structural changes. Entrepreneurial projects make the biggest contribution to the objectives of sustainable development through research and development, investment in new technologies, and innovation. The biggest threat to sustainable entrepreneurship is firms’ aggressive corporate financial strategy, which most often results from CEO overconfidence and aggressive financial behavior. The aim of the article is to indicate differences in corporate financial strategies regarding the status of the company (family or non-family) and CEO characteristics (overconfident or non-overconfident). The fulfilment of this aim by analyzing a selected EU member country (Poland) found more aggressive behavior of overconfident CEOs in non-family firms. It was also found that family firms are a fairly coherent group of companies that implement a more conservative corporate financial strategy regardless of CEO characteristics. We can state that family power can curb CEO overconfidence and its impact on aggressive financial strategy. This means that family firms are much more able to create sustainable entrepreneurship and contribute to Sustainable Development Goals (SDGs) within a market framework.


2016 ◽  
Vol 19 (2) ◽  
pp. 176-188
Author(s):  
Olatunji A. Oyeshile

The pivotal role which education plays in helping humanity to come to terms with existential imperatives cannot be over emphasized. It is the management of the flux concomitant to existential imperatives that can ensure social order, understood in normative perspective. In this paper, I address the development and conception of education within the African continent, particularly Nigeria and argue that the foundation of education must be predicted on humane values which the humanities, other than the natural sciences in spite of their utilitarian values, provide. Furthermore, I argue that given the humanistic basis of education predicated on certain human and communal values, existential predicaments can be addressed thereby paving way for social order and by extension human happiness which is the goal of development in any part of the world. The paper concludes that government is the greatest teacher and the actions and inactions of government, as the sustainer of right values, in Africa matter more in ensuring development-oriented education that can adequately combat our existential challenges as well as ensure the entrenchment of social order for sustainable development.


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