Indigenous Family Business Management Practices in Africa

2018 ◽  
pp. 185-204
Author(s):  
Fredrick Onyango Ogola
Keyword(s):  
Family Business ◽  
Management Practices ◽  
Business Management

scholarly journals Managing Family Business

Management ◽  
2014 ◽  
Author(s):  
Frank Hoy ◽  
Giacomo Laffranchini
Keyword(s):  
Family Business ◽  
Management Practices ◽  
Business Management ◽  
Business Owners ◽  
Journal Articles ◽  
Business Research ◽  
Childhood Education ◽  
Family Behavior ◽  
The Family ◽  
The Subject

The study of family business involves the interrelationships of owners, managers and employees, and family members, all functioning within broader cultural, legal, competitive, and other environments. Foundational disciplines for investigating family business management practices include anthropology, economics, family studies, history, psychology, and sociology. Additional contributing fields include agriculture, various business disciplines, early-childhood education, family behavior, and others. Early contributions to the family business literature came predominantly from biographies and autobiographies of family business owners and from consultants to families in business who shared their observations and advice from their experiences. With the introduction of the journal Family Business Review, the subsequent launch of other journals addressing the subject, and the initiation of academic conferences on family business research, the knowledge base of the field has expanded rapidly. The domain of managing family business encompasses the dynamics of families that exercise control over enterprises and the performance of those companies. The notion of management includes both the business and the family, separate and together. Major themes addressed in the family business literature are succession, governance, and financial and wealth management. With increased research contributions from scholars in diverse fields, there has been an expansion of topics being covered. In this article, the focus is on the state of knowledge regarding the management of the family firm. The materials cited in this article introduce scholars to seminal contributions to the management of family business literature and to books and journal articles that are expected to influence forthcoming streams of research.

Inside an African family business estate: the founder’s legacy and the successor’s dilemma

2017 ◽  
Vol 7 (3) ◽  
pp. 1-28 ◽  
Author(s):  
Zubaida Muhumed ◽  
Virginia Bodolica ◽  
Martin Spraggon
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Management Practices ◽  
Emerging Market ◽  
Strategic Decision ◽  
Eastern Region ◽  
Ripple Effect ◽  
Strategic Choices ◽  
Content Type ◽  
The Family

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 [email protected] to request teaching notes. Subject code CSS 11: Strategy.

Succession and Governance Across Generations: A Comparative Study of the United States and Italy

1999 ◽  
Vol 2 (2) ◽  
pp. 47-56
Author(s):  
Alberto Zanzi ◽  
Colette Dumas
Keyword(s):  
United States ◽  
Comparative Study ◽  
Family Business ◽  
Business Management ◽  
The United States ◽  
Italian Family ◽  
Management Succession ◽  
Key Aspects ◽  
The Impact

This comparative study of American and Italian family-owned firms focuses on two key aspects of family business management: succession and governance. This study also explored the impact of generation on these variables.

Professional Management in Family Businesses: Toward an Extended Understanding

2008 ◽  
Vol 21 (1) ◽  
pp. 51-69 ◽  
Author(s):  
Annika Hall ◽  
Mattias Nordqvist
Keyword(s):  
Cultural Competence ◽  
Family Business ◽  
Cultural Theory ◽  
Business Management ◽  
Family Businesses ◽  
Business Research ◽  
Dominant Meaning ◽  
Case Research ◽  
Professional Management ◽  
Family Membership

Our purpose is to challenge the dominant meaning of professional management in family business research and to suggest an extended understanding of the concept. Based on a review of selected literature on professional management and with insights from cultural theory and symbolic interactionism, we draw on interpretive case research to argue that professional family business management rests on two competencies, formal and cultural, of which only the former is explicitly recognized in current family business literature. We elaborate on the meanings and implications of cultural competence and argue that without it a CEO of a family business is likely to work less effectively, no matter how good the formal qualifications and irrespective of family membership.

scholarly journals BUSINESS RISK MANAGEMENT PRACTICES ADOPTED BY ENTREPRENEURS FOR BUSINESS SUCCESS IN DELTA STATE

2021 ◽  
pp. 1-7
Author(s):  
Samuel Ikelegbe ◽  
Romanus Udeh
Keyword(s):  
Risk Management ◽  
State Government ◽  
Management Practices ◽  
Management Practice ◽  
Business Management ◽  
Business Owners ◽  
Business Success ◽  
Business Risk ◽  
Level Of Significance ◽  
Structured Questionnaire

The study was a survey research; it focused on determining the extent entrepreneurs adopt risk management practices for business management practice in Delta State. The population of the study comprises of 860 business owners who are registered with the Ministry of Commerce and Industries in Delta State. The instrument for data collection was a structured questionnaire with 16 items. Data collected were analyzed using mean and Standard deviation. The null hypothesis was tested using ANOVA statistics at 0.05 level of significance. Findings from the investigation revealed that entrepreneurs in Delta State do not adopt business risk management practices in managing their businesses. It was recommended among others that the Delta State Government and Ministry of Commerce and Industries should sensitize business owners on business risk management practice to enhance business success.

scholarly journals Impact of Gender, Age and Management Style on the Success of Family Business in Kosovo

2019 ◽  
Vol 8 (5) ◽  
pp. 153
Author(s):  
Rifat Hoxha ◽  
Hamdi Hoti
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Family Business ◽  
Business Management ◽  
Female Gender ◽  
Doctoral Dissertation ◽  
Family Businesses ◽  
Management Style ◽  
Raising Awareness ◽  
And Performance

Family business is the most contributing category in the economic development of all countries. Both Developed and Developing Countries and Less Developed Family Business plays an important role in reducing unemployment and is a catalyst for developing creative ideas and innovations in all business activities. In this paper we will address some of the characteristics of managers of this business category, such as their gender, age, and style of management, and their impact on the development and growth of these businesses' performance. The paper is part of the survey conducted by the survey of over 300 family businesses in Kosovo and was used by the author for the preparation of doctoral dissertation. This paper is fulfill from the survey which is realized with professors of Economic field in University of Prizren “Ukshin HOTI” in Prizren. From those finding results of research we give some modest recommendations and it’s more raising awareness especially business management from female gender as an opportunity to duplicate the potential for a development and performance of those business. This is based on the fact that the more thought we have, the more ideas come about how we can manage a family business with contemporary style, without a gender or age complex, which can guarantee success not only in our country , but to become competitive and penetrate the markets of the most developed countries.Keywords: Family business, Gender, Age, Management style

Gender in family business management: a multinational analysis

2012 ◽  
Vol 2 (2) ◽  
pp. 110-129 ◽  
Author(s):  
Matthew C. Sonfield ◽  
Robert N. Lussier
Keyword(s):  
Family Business ◽  
Business Management

Consequences of Disruptive Technology

2013 ◽  
pp. 805-824
Author(s):  
Güera Massyn Romo
Keyword(s):  
Performance Management ◽  
Management Practices ◽  
Business Management ◽  
Future Research ◽  
Disruptive Technology ◽  
Communication Services ◽  
Parallel Structures ◽  
New Business ◽  
Organisational Process ◽  
Organisation Structure

There is an industry tendency to create new roles to compensate for the unavailability of adequately skilled staff. This contributes to establishing new business management practices in allocating and managing operational responsibility. An example of a permanent parallel organisation structure, namely Revenue Assurance (RA) in the Communications Services Provider (CSP) industry is described in context of the CSP industry challenges to ensure complete and accurate billing of communication services. This discussion is positioned with reference to organisational learning (OL) theory and objectives. This chapter argues that parallel structures be utilised as learning structures rather than operational compensating structures as is the case with the RA implementation in practice today. Future research must focus on competency destruction as a conscious organisational process in association with a renewed focus on targeted recruitment, adequate personnel performance management, and a continued reliance on existing business management practices such as project management and risk management.

Succession and Nonsuccession Concerns of Family Firms and Agency Relationship with Nonfamily Managers

2003 ◽  
Vol 16 (2) ◽  
pp. 89-107 ◽  
Author(s):  
Jess H. Chua ◽  
James J. Chrisman ◽  
Pramodita Sharma
Keyword(s):  
Agency Theory ◽  
Family Business ◽  
Family Firms ◽  
Business Management ◽  
Research Topic ◽  
Agency Relationship ◽  
Empirical Results ◽  
Top Executives

This article consists of two parts. The first part reports findings from a survey of the issues facing top executives in 272 Canadian family firms. Results show that succession is their No. 1 concern, thus supporting the predominant focus of family business researchers on succession issues. Results also show that concern about relationships with nonfamily managers is a close second in importance. The second part of the article uses Agency Theory to explain why relationships with nonfamily managers are so important. Empirical results show that both the extent and the criticality of a firm's dependence on nonfamily managers are statistically significant determinants of the importance. This study implies that relationships with nonfamily managers is a neglected research topic and points to a new direction for research in family business management.

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