Incongruent Hierarchies: Daughters and Younger Sons as Company CEOs

1988 ◽  
Vol 1 (1) ◽  
pp. 9-21 ◽  
Author(s):  
Louis B. Barnes

The daughter or younger son who becomes head of the family business must struggle with both self-identity and changing family role expectations. How do they do this? Father CEO: My oldest son is the nicest guy in the world and expects to become president of the company. But, my second son would be better. I also have a younger daughter in the business. I don't know what to do. I've told the kids they may have to decide. Daughter CEO: From the time I became president eleven years after I joined the company, I was competing with my father—not from my side but from his side. Then the family struggle really started, particularly when my older brother wanted to join the business. Younger brother CEO: I can't replace him, because he's my older brother, and I have to think my way out of it, or we may have a confrontation.

2018 ◽  
Vol 21 (2) ◽  
pp. 111-132 ◽  
Author(s):  
Matthew M. Piszczek ◽  
Sarah DeArmond ◽  
Dale Feinauer

Author(s):  
Michael Ellis

From the moment you discover that you are going to be a parent, the hopes, dreams, and expectations you have for your­self and your child flood your mind. No matter how your child is to arrive, your heart is full of hope and promise. You begin to let yourself plan your future. Will your child become president, a doctor, a lawyer, work in the family business, or win the Nobel Peace Prize? Will he or she possess a special talent or skill? Your mind wanders and daydreams of all that is to come. The moment they place your beautiful child in your arms, you realize that there is no greater feeling. You are in love. There is no feeling deeper or grander. The unimaginable joy and gratitude for the blessing of your child is overwhelming. We all know those moments where your heart surged out of your body in awe of the blessing you were given. You may have even asked yourself, “How did I get so lucky?” I can relate. The moment they placed my daughter in my arms for the first time, I knew I had a greater purpose. I would not find out how much for another two years. I devoted myself to her; her care, her introduction to the world, and to the very amazing person I knew she would become. I gave everything of myself tirelessly to her. Her every whimper, cry, or gesture was met with a response. I could anticipate her needs and wants before she fully expressed them. I thought I had an undeniable bond with my daughter. I did. I had a bond that needed no words. That was the problem: we did not need words. If you are like me, you noticed at first subtle differences in your child, and then later there were glaring and alarming indications something was not developing correctly. But, no matter your education or your intelligence level, denial can be a powerful thing.


2017 ◽  
Vol 2017 (1) ◽  
pp. 10946
Author(s):  
Matthew Michael Piszczek ◽  
Sarah E. DeArmond ◽  
Dale M Feinauer

2006 ◽  
Vol 19 (1) ◽  
pp. 29-48 ◽  
Author(s):  
Dianne H. B. Welsh ◽  
Peter Raven

The Middle East is a growing, lucrative marketplace that has recently captured the interest of the world for political as well as economic reasons due to the War in Iraq, which began in 2003. This exploratory study examines the relationship between retail small/medium enterprises (SMEs) that are family business owned, organizational commitment, and management and employee perceptions of customer service on a number of dimensions. The results suggest that managers and employees of family-owned businesses in the Middle East behave in ways similar to those in Western countries; however, there are differences, probably related to cultural characteristics. The Middle East is a richly diverse region, a myriad of unique cultures. As the market becomes more sophisticated, the importance of service quality increases. Global retailers can benefit from this study by better understanding the managers and employees in the region and the pivotal role of the family on business. Implications for practice are discussed.


2019 ◽  
Vol 15 (1) ◽  
pp. 166
Author(s):  
Beskida S. Dorda ◽  
Eriona M. Shtëmbari

Family business is created when the family leads commercial activities. This intersection represents emotions and trade within the same entity, driving attention toward intangible resources. History has shown that families can gather together and run successful businesses. Non-financial topics are capturing the attention of the management field, and family firm identity (FFI) is an interesting topic for those who want to study more in-depth this type of business. This paper will give a review of the academic literature about the FFI identified as a field that needs to be explored more in depth. Interested researchers will find a general view of how this approach is developed from scholars around the world. The aim is to present how the family and business identity relate to one another, seen from different perspectives by scholars. Researchers’ invaluable contributions are used to design this review, using databases such as Emerald, ProQuest (ABI/INFORM), EBSCOhost and Science Direct. Keywords used for search are family business identity and family firm identity. The data are gathered during May and June 2019. The review shows that several dimensions can influence on the level of FFI. Some of the dimensions which resulted from this study are generations, boundaries, identity conflict, growth, communication and globalization.


Author(s):  
Manuel Alejandro Morales-Serazzi ◽  
Oscar González-Benito ◽  
Mercedes Martos-Partal

The growing proliferation of data in firms around the world have made analytics a success factor for business growth, and by default, achieving greater performance. This research proposes a data analytics model for marketing decision making. Literature was reviewed, and several key factors for the growth of the family business were identified. In addition, 140 marketing managers from family and non-family firms in Spain were surveyed. Four key factors were identified to implement a data analytics project. An empirical model is presented, which allows visualizing the relationships that generate quality information. Data analytics is a competitive advantage for recognized firms in the world; however, there is an underutilization of information by the family business. This chapter allows reducing the gap between competitors, regardless of their ownership structure. Therefore, it declares a challenge and an opportunity for the family firm.


Author(s):  
Derya Çevik Taşdemir ◽  
Filiz Çayırağası ◽  
Gülsüm Günbala Güven

An important part of the businesses in the world and in Turkey is a family business. In this context, the economy is largely dominated by family businesses. Literature studies showed that nepotic approaches are more common in family businesses than in other businesses. Nepotism, the problems that the family business has caused; non-institutionalization, increase in labor turnover rate, decrease in organizational commitment, decrease in productivity. It is directly related to the solution of nepotism problems in the family business, the increase of the market share, and the extension of the life span. This article is about nepotism and family businesses; success in family business, failure, strategy, etc. aims at conceptual evaluation of the effect in a holistic approach from the angles and within the frame of institutionalization.


2020 ◽  
Vol 83 ◽  
pp. 01047
Author(s):  
Zdeněk Mikoláš ◽  
Iveta Vozňáková

The authors of the article present the practical and theoretical knowledge which they have achieved in the framework of the entrepreneurship research over the past 10 years. The practical and research activities have focused in the last period, in particular, on the synergy of the links between the family business, innovative dynamism and competitiveness of the companies. The paper offers a generalization of the findings to the theory of synergy, economics of the time, the family business, especially in the innovation and dynamism of the evolutionary family business potential in the process of succession. The findings are also based on empirical research in more than 230 small and medium-sized family companies in the Czech Republic and Poland. Presented results deserves a broad discussion and verification in practice, depending on the cultural differences in manifestations of globalization in various parts of the world and under the influence of the industrial revolution 4:0


Author(s):  
Tatyana Yu. Fadeeva ◽  

The study of parental burnout of fathers as well as mothers is relevant, since it may be the source of family trouble in general. The purpose of the study is to identify the factors of parental burnout of fathers and mothers. It is assumed that there are multidirectional correlations between the intensity of parental burnout components and parental sets, the attitude of spouses to the family role, and the consistency of the family functions of fathers and mothers. The study was carried out on a sample of parents of full families in Saratov, raising biological children (N = 61, 40 women (aged M = 32), 21 men (M = 33.9)). The applied methods include the questionnaires "Parental Burnout" (I. N. Efimova); "Role Expectations and Claims in Marriage" (N. A. Volkova), "Parental Attitude Research Instrument " (E. S. Schaefer and R. K. Bell, adapted by T. V. Nescheret and T. V. Arkhireeva), the questionnaire on marital satisfaction (V. V. Stolin, T. L. Romanova, G. P. Butenko). The largest number of correlations between the parameters of parental burnout and parental sets, the attitude of spouses to the family role and family functions have been revealed in the sample of mothers. It has been found out that in both samples the level of "emotional exhaustion" is interrelated with the parental predisposition to excessive strictness towards the child. However, the emotional exhaustion of mothers is more mediated by their dependence on the family and low self-assessment as a parent, whereas fathers’ burnout is due to the focus on the child and the desire to accelerate their development. The level of "depersonalization" in the sample of mothers correlates with the level of their concentration on the child, the consistency of family functions ("emotional and psychotherapeutic", "social activity", "physical attractiveness of the partner"), and marital satisfaction. In the sample of fathers, it correlates with the scales related to the sphere of marital relations (physical attractiveness of the partner, the degree of the father’s involvement in family affairs and marital satisfaction). The degree of the "parental achievements reduction" in the sample of mothers is associated with the balance of "intimacyseparateness" or its lack in the family system; in the sample of fathers it is connected with the availability or lack of verbal contact with the child and the father's acceptance of the child’s natural development. The applied aspect of the problem under study consists of the possibility of using the results in the practice of advisory services.


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