Private Universities as Family Business

2020 ◽  
pp. 189-224
Author(s):  
Jeremy Breaden ◽  
Roger Goodman
Keyword(s):  
Family Business ◽  
Private Universities ◽  
Private University ◽  
Modus Operandi ◽  
Japanese Family ◽  
Absolute Minimum ◽  
The Public ◽  
Business Interests ◽  
The Family ◽  
High Level

This chapter explains how Japanese family businesses in general, and family-run universities in particular, operate in practice and some of the negative and positive tropes with which they are frequently associated. These features include a high level of centralization, little voice for employees, top-down decision-making, and a particular concern over succession. The chapter develops the argument that family-run universities benefit from an ‘inbuilt resilience’, deriving from a preference for dealing with problems in-house and with the absolute minimum of disruption to the existing modus operandi; resilience built on a network of educational operations extending beyond a single university and allowing for significant cross-subsidies; robust connections with local business interests; and above all, an overriding concern with maintaining the integrity of the family business. This inbuilt resilience is a key to understanding the unexpected ability of Japan’s private universities to adapt to the dramatic demographic changes of the 1990s and 2000s. The chapter ends with a short discussion of possible outcomes of the next period of demographic decline from 2018 to 2030, suggesting that it may well be that the private university sector in Japan, with its inbuilt resilience and long experience of reacting to crises, will survive not only better than the current gloomy predictions but indeed than the public sector overall.

How does the public and private university environment affect students’ entrepreneurial intention?

2017 ◽  
Vol 59 (6) ◽  
pp. 550-564 ◽  
Author(s):  
Mario Duarte Canever ◽  
Maria Renata Martínez Barral ◽  
Felipe Garcia Ribeiro
Keyword(s):  
Business Students ◽  
Private Universities ◽  
Principal Component ◽  
Private University ◽  
Entrepreneurial Intention ◽  
Public And Private ◽  
Content Type ◽  
University Environment ◽  
The Public ◽  
The Impact

Purpose The purpose of this paper is to explore the causal links between public and private university environments and the entrepreneurial intention (EI) of students. Design/methodology/approach The impact of different university environments on the students’ EI was checked using a model adapted from Krueger et al. (2000). The study comprised a sample of students enrolled in business administration from three public and three private universities at first semester (freshmen) and at the last two semesters (senior) in Brazil. The model was measured through various questions and later assessed by principal component analysis to build constructs. Via t-test and path analysis the EI and the antecedents were subjected to a comparative analysis to test the equality of the models across the four categories emerged. Findings The two main types of Brazilian university environments (public and private) do not present significant differences in the way they influence EI and its antecedents. Both the tests of means and the tests of measurement of the structural relations between constructs confirm this finding with only a few exceptions. The result of this study is opposed to other studies carried out in Brazil, by showing that the public university environment is not worse for the entrepreneurship than the private. The environmental effects are mostly equal and they as a whole are not conducive to the development of EI. Research limitations/implications The study comprises business students only, and enrolled on regular universities. It is worth highlighting that evidence was brought to the debate for a group of universities in Brazil. Replicating the study with students from other areas and other universities, as well as students in Master’s and Doctorate programs could enrich the analyses. Practical implications This study provides insight into entrepreneurship education, as to which the university environment is conducive to the entrepreneurship. It brings insights for the development of entrepreneurial universities. Originality/value This study contributes to understanding the differences between the public and private universities environment regarding students’ EI.

Does family involvement matter post IPO? Adding value through advertising in family firms

2018 ◽  
Vol 8 (3) ◽  
pp. 218-234 ◽  
Author(s):  
Atanas Nik Nikolov ◽  
Yuan Wen
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Family Business ◽  
Family Firms ◽  
Family Firm ◽  
Family Businesses ◽  
Publicly Traded ◽  
Content Type ◽  
The Public ◽  
The Family

PurposeThis paper brings together research on advertising, family business, and the resource-based view (RBV) of the firm to examine performance differences between publicly traded US family vs non-family firms. The purpose of this paper is to understand the heterogeneity of family vs non-family firm advertising after such firms become publicly traded.Design/methodology/approachThe authors draw on the RBV of the firm, as well as on extensive empirical literature in family business and advertising research to empirically examine the differences between family and non-family firms in terms of performance.FindingsUsing panel data from over 2,000 companies across ten years, this research demonstrates that family businesses have higher advertising intensity than competitors, and achieve higher performance returns on their advertising investments, relative to non-family competitors. The results suggest that the “familiness” of public family firms is an intangible resource that, when combined with their advertising investments, affords family businesses a relative advantage compared to non-family businesses.Research limitations/implicationsFamily involvement in publicly traded firms may contribute toward a richer resource endowment and result in creating synergistic effects between firm “familiness” and the public status of the firm. The paper contributes toward the RBV of the firm and the advertising literature. Limitations include the lack of qualitative data to ground the findings and potential moderating effects.Practical implicationsUnderstanding how family firms’ advertising spending influences their consequent performance provides new information to family firms’ owners and management, as well as investors. The authors suggest that the “familiness” of public family firms may provide a significant advantage over their non-family-owned competitors.Social implicationsThe implications for society include that the family firm as an organizational form does not need to be relegated to a second-class citizen status in the business world: indeed, combining family firms’ characteristics within a publicly traded platform may provide firm performance benefits which benefit the founding family and other stakeholders.Originality/valueThis study contributes by highlighting the important influence of family involvement on advertising investment in the public family firm, a topic which has received limited attention. Second, it also integrates public ownership in family firms with the family involvement–advertising–firm performance relationship. As such, it uncovers a new pathway through which the family effect is leveraged to increase firm performance. Third, this study also contributes to the advertising and resource building literatures by identifying advertising as an additional resource which magnifies the impact of the bundle of resources available to the public family firm. Fourth, the use of an extensive panel data set allows for a more complex empirical investigation of the inherently dynamic relationships in the data and thus provides a contribution to the empirical stream of research in family business.

scholarly journals The Impact of Organizational Commitment on Job Satisfaction: A Study of Employees at Nigerian Universities

2012 ◽  
Vol 2 (2) ◽  
pp. 1 ◽  
Author(s):  
Bola Adekola
Keyword(s):  
Job Satisfaction ◽  
Organizational Commitment ◽  
Public Universities ◽  
Turnover Intentions ◽  
Private Universities ◽  
Private University ◽  
Public And Private ◽  
The Public ◽  
Significant Difference ◽  
The Impact

Researchers have hypothesized that there is a significant difference in the degree of Organizational commitment in Public and Private Universities. This was tested in the Public and Private University system to ascertain the veracity of this hypothesis. Data were collected from 150 employees consisting of academic and Administrative and technical staff from both the public Universities and the Private Universities. The results revealed that employees in Public Universities have greater degree of organizational commitment in comparison to Private Universities. Also, job satisfaction increases or decreases based on increase or decrease in organizational commitment. Obtained results were in the line of the hypotheses. In terms of organizational commitment; a significant difference was noticed between Public and Private Universities. Against expectation, employees of Public Universities exhibited higher degree of organizational commitment as compared to those of Private Universities. Most importantly, organizational commitment is being proven as the catalyst for enhancing job satisfaction level of employees.   Keywords: Organization’s Goals, Performance, Effectiveness, Leadership Styles, Trust within the Organization, Employment Status, Training, Turnover Intentions.

scholarly journals Stanley Melbourne Bruce - Viscount Bruce of Melbourne, 1883-1967

1970 ◽  
Vol 16 ◽  
pp. 57-62
Keyword(s):  
Family Business ◽  
Royal Society ◽  
Prime Minister ◽  
Public Life ◽  
Grammar School ◽  
Preparatory School ◽  
The Public ◽  
The United Kingdom ◽  
The Family ◽  
History Of

The public life of Stanley Melbourne Bruce, Prime Minister of Australia, a Viscount of the United Kingdom, a Fellow of the Royal Society, was one of the most paradoxical in the history of his native country. Bruce was born in Melbourne on 15 April 1883, of a well-to-do mercantile family. 1893 saw the collapse of a great land boom, the failure of some banks and an acute general depression. The family business, Paterson, Laing and Bruce, was in difficulties. Stanley Bruce’s father sold his mansion in the fashionable suburb of Toorak. Stanley himself had to leave his preparatory school—the fees were not available. His father, who appears to have been a singularly determined man, then proceeded to restore the fortunes of the business. In 1896 the young Stanley went to the well-known Melbourne Grammar School, where he was a most successful all-round student. It has been given to few boys at a great school to be not only captain of football, of cricket, of athletics, and of rowing, but also Senior Prefect (i.e. Captain) of the School.

scholarly journals Inclinations of Members of the Teaching Staff Towards Factors Leading to Job Satisfaction—A Comparative Study between Public and Private Universities

2019 ◽  
Vol 4 (2) ◽  
pp. p110
Author(s):  
Dr. Hasan Y. El-Mousawi ◽  
Khaldoun G. Farhat
Keyword(s):  
Job Satisfaction ◽  
Social Status ◽  
Private Universities ◽  
Private University ◽  
Job Security ◽  
Teaching Staff ◽  
Public And Private ◽  
Work Relations ◽  
The Public ◽  
Significant Difference

The study aimed at identifying job satisfaction and inclinations towards factors, such as salary, feeling of job security, extent of empowerment, nature of work relations among different parties and social status the instructor feels, all of which lead to job satisfaction among members of teaching staff in both public and private universities in Lebanon. Furthermore, the study aimed at prioritizing these factors as related to instructors at the Lebanese University and those at private universities. The study also tried to find whether instructors preferred teaching at public or private universities as related to the country from which they obtained their Ph. D’s. To achieve this goal, a five-point Likert-style questionnaire was constructed and distributed to 100 instructors in the public university (Lebanese University) and to another 100 instructors in various private universities. Thus, the society of the study comprises instructors in both public and private universities. Of these questionnaires, the researchers retrieved 184 which were valid for analysis. The study yielded some important findings, mainly that there is a significant difference between instructors in public and private universities regarding some factors leading to job satisfaction (salary, feeling of job security, work relations among colleagues and students, and social status that the instructor feels) in Lebanon. The study also showed a difference in prioritizing factors which lead to job satisfaction relative to workplace (public or private university) in Lebanon. Moreover, the study concluded that instructors at universities have different preferences to work at the Lebanese University (public) relative to the country from which they obtained their Ph. D’s. 

scholarly journals Sustainable Development at Higher Education in China: A Comparative Study of Students’ Perception in Public and Private Universities

2020 ◽  
Vol 12 (6) ◽  
pp. 2158 ◽  
Author(s):  
Jiawen Wang ◽  
Minghui Yang ◽  
Petra Maresova
Keyword(s):  
Higher Education ◽  
Sustainable Development ◽  
Private Universities ◽  
Private University ◽  
Public University ◽  
University Management ◽  
Public And Private ◽  
The Public ◽  
Attitudes And Practices ◽  
Higher Education In China

This research is implemented in the backdrop of the increasing number of private universities established in China over the last decade, and a growing public concern of sustainable development. The private university has a different reputation and source of funding compared with the public one, leading to different perception and practices toward sustainable development. Yet, none of past studies have investigated into public and private universities in the Chinese context, making this study fill this gap through comparing students’ perception in Zhongkai University of Agriculture and Engineering (a public university) and Guangzhou College of South China University of Technology (a private university). By using the five-point Likert scale questionnaire, 393 students from the public university and 347 students from the private university participated in the survey. The results reveal that students have greatest concern with sustainability commitment and their university’s role for promoting sustainable development, and have least concern with sustainability curricula and research. Compared with students from the public university, students in the private one more often agree on the importance of sustainable development, and have a higher level of perception about commitment, knowledge, attitudes, and practices toward sustainability. The study findings assert that the higher level of perception from private university’s students is due to active campus sustainability engagement and positive stakeholder relationship managed by university management. The study implies that higher education needs to decentralize sustainable plans and decision-making to students, staff, and faculty, and public universities need to incorporate more sustainability-related context into curriculum and academic project.

scholarly journals Gejala Zina: Peranan Sunnah dalam Menangani Penularannya

2014 ◽  
Vol 9 (10) ◽  
Author(s):  
Ahmad Kamil Jamilim
Keyword(s):  
Young People ◽  
Adverse Effects ◽  
Social Problem ◽  
Key Factors ◽  
The Public ◽  
The People ◽  
The Family ◽  
The World ◽  
The Future ◽  
High Level

Most of the people from various races and nations of the world have reached a high level of material civilization. Nevertheless, the moral and social decline are seen at the same time which leads to numerous consequences such as destruction of the family institution and children, the spread of dangerous diseases, and various other adverse effects. The issue arises from several key factors such as free sex culture or what is called in Islam as adultery. The practice of free sex or adultery is viewed in Islam as a serious social problem and the need to be battled from being transmitted into society. Study after study shows an increase in cases over the years and very a low awareness amongst the public regarding the prohibition of free sex culture and it's implications. The transmission of the culture is now at worrying stage because most of those involved in this phenomenon consists of young people who are an important asset for the future of the country. Therefore, this article will debate the meaning of adultery, the importance of preserving the lineage, Islam and other religions such as judaism and Christianity against the evil of adultery, and the adverse effects caused by the practice. Thereafter, I will formulate the measures and approaches taken by the Sunnah (prophetic traditions) in particular to address this social ill of the society.

UNDERSTANDING THE SELECTION AND DEVELOPMENT OF LIFE GOALS OF FAMILY BUSINESS OWNERS

2008 ◽  
Vol 16 (01) ◽  
pp. 19-53 ◽  
Author(s):  
STEVEN K. MOYER ◽  
NEAL E. CHALOFSKY
Keyword(s):  
Family Business ◽  
Phenomenological Study ◽  
Life Goals ◽  
Life Goal ◽  
Self Confidence ◽  
The Family ◽  
The Right ◽  
High Level ◽  
Qualitative Phenomenological ◽  
Qualitative Phenomenological Study

The purpose of this qualitative, phenomenological study was to understand how owners of family businesses select and develop life goals. Findings indicate life goals are substantially influenced and impacted by parents, mentors and influential "others". The selection and development of life goals required a high level of self-confidence in their own knowledge, skills, and abilities with the attitude to make things happen. A faith in a higher being contributed to the belief and feeling that they were at the right place at the right time and possessed the correct knowledge, skills, abilities, and attitude to take advantage of the opportunities placed before them. A strong desire for personal independence influenced the selection and development of the family business as a life goal.

scholarly journals Youth Entrepreneurial Spirit In Family Business

2021 ◽  
Vol 2 (11) ◽  
pp. 772-784
Author(s):  
Satria Lintang Rachmadana Lintang Rachmadana
Keyword(s):  
Data Analysis ◽  
Family Business ◽  
Methodological Approach ◽  
Process Data ◽  
Analysis Process ◽  
Entrepreneurial Spirit ◽  
The Family ◽  
High Level ◽  
And Behavior ◽  
Industrial Center

As youths who came into business family inheritance, living in an industrial center, naturally, they are indispensable to continue the family business. In conjunction with that, the sustainability of the industrial center also depends on their willingness to be an entrepreneur or not. The methodological approach taken in this study is a qualitative method. The data for this study was collected using semi-structured in-depth interviews. To begin the process, data is collected through editing and classification, then analyzed and interpreted. The research subject in this study is youth whose own family business at the Sanan Tempe industrial center. The data analysis in this study is using Phenomenological Analysis. The data analysis process is divided into 4 stages starting from data managing, reading, describing, presenting. This research found that the entrepreneurial spirit of the youth in the Sanan Tempe industrial center has been formed since an early age. It came naturally from the experience and opportunity to be part of the family business which shaped their psychology and behavior. Another finding on this research is that a high level of education does not necessarily become a barrier for them to run their family business, choosing a profession as entrepreneurs like what their parents did.r them to run their family business, choosing a profession as entrepreneurs like what their parents did.

scholarly journals Observations on the Prospects for a Private University Sector in Ontario

1991 ◽  
Vol 21 (2) ◽  
pp. 1-27
Author(s):  
Robert M. Pike
Keyword(s):  
Private Colleges ◽  
Private Universities ◽  
Private University ◽  
The United States ◽  
University Education ◽  
Publicly Funded ◽  
The Public ◽  
Canadian Provinces ◽  
Current Emphasis

Unlike the United States, the Canadian provinces have established public monopolies of degree-granting institutions to which there are few private exceptions. This paper offers a case-study of challenges to the public monopoly in university education in one province—Ontario. Recently, the Ontario Council on University Affairs has been hearing the opinions of a number of interest groups and private colleges which have challenged the regulations limiting broad degree-granting privileges to the existing publicly-funded universities and their affiliates. Following a brief historical account of the development of the public monopoly, the arguments of these proponents of private universities are reviewed and evaluated under the headings of their proposed benefits of "accessibility", "diversity" and "quality". It is concluded that, from a sociologist's perspective, the arguments for the establishment of private universities in the province are not strong. However, given the current emphasis on privatization, the pressure for private universities will probably continue to grow in all Canadian provinces. Thus, a recommendation is made for improvement of Ontario's current inadequate affiliation arrangements.

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