Women's Role Involvement in Family Businesses, Business Tensions, and Business Success

2003 ◽  
Vol 16 (1) ◽  
pp. 53-68 ◽  
Author(s):  
Sharon M. Danes ◽  
Patricia D. Olson
Keyword(s):  
Decision Maker ◽  
Family Business ◽  
Decision Makers ◽  
Business Success ◽  
Business Owner ◽  
Role Involvement ◽  
Work Involvement ◽  
Women's Role ◽  
The Impact ◽  
Major Decision

This paper is based on a study of 391 family-business-owning couples where the husband is the business owner. The purpose of the study was to examine the work involvement of the wife in the business, the business tensions, and the impact of those tensions on family business success. Fifty-seven percent of wives worked in the business, 47% of whom were paid. Forty-two percent of wives were considered major decision makers. Having more than one decision maker in the business impacted certain types of inclusion tension. Business and family success outcomes varied by level of tensions. There was initial evidence of a threshold where business tensions begin to affect business success negatively.

scholarly journals The impact of information technology in decision making process of companies in Kosovo

2018 ◽  
Vol 51 (1-2) ◽  
pp. 13-23
Author(s):  
Emin Qerim Neziraj ◽  
Aferdita Berisha Shaqiri
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Decision Maker ◽  
Business Process ◽  
New Technologies ◽  
Decision Makers ◽  
Decision Making Process ◽  
Or Organization ◽  
The Impact ◽  
Future Business

Before the decision makers set much higher requirements in the decision-making than ever before due to the environment of decision-makers subject to change under the influence of progress and development of new technologies, networking individual or organization inside and the outside environment, and modern means of communication enabling continuous inflow, flow and sharing of data and information. In these modern conditions the process of collecting, analyzing, selecting data and information to make informed decisions in the context of possible restrictions and the available options, and ultimately making decisions as the basis for future business or behavior, is not simplified. The use of new technologies in the decision-making process provided numerous opportunities to facilitate decisions selection. However, the decision maker should still be able to differentiate which knowledge should be used to serve in decision making, and which models, methods, tools, systems, and procedures to be used in certain situations, with the purpose of successful decision selection. In this paper, we will examine the decision making process during the business process of the companies in Kosovo.

scholarly journals Big data analytics and international market selection: An exploratory study

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Jonathan Calof ◽  
Wilma Viviers
Keyword(s):  
Big Data ◽  
Decision Maker ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Organizational Factors ◽  
International Market ◽  
Decision Makers ◽  
Market Selection ◽  
Selection Decisions ◽  
The Impact

A great deal of information is available on international trade flows and potentialmarkets. Yet many exporters do not know how to identify, with adequate precision, thosemarkets that hold the greatest potential. Even if they have access to relevant information, thesheer volume of information often makes the analytical process complex, time-consuming andcostly. An additional challenge is that many exporters lack an appropriate decision-makingmethodology, which would enable them to adopt a systematic approach to choosing foreignmarkets. In this regard, big-data analytics can play a valuable role. This paper reports on thefirst two phases of a study aimed at exploring the impact of big-data analytics on internationalmarket selection decisions. The specific big-data analytics system used in the study was theTRADE-DSM (Decision Support Model) which, by screening large quantities of marketinformation obtained from a range of sources identifies optimal product‒market combinationsfor a country, industry sector or company. Interviews conducted with TRADE-DSM users aswell as decision-makers found that big-data analytics (using the TRADE-DSM model) didimpact international market-decision. A case study reported on in this paper noted thatTRADE-DSM was a very important information source used for making the company’sinternational market selection decision. Other interviewees reported that TRADE-DSMidentified countries (that were eventually selected) that the decision-makers had not previouslyconsidered. The degree of acceptance of the TRADE-DSM results appeared to be influenced byTRADE-DSM user factors (for example their relationship with the decision-maker andknowledge of the organization), decision-maker factors (for example their experience andknowledge making international market selection decisions) and organizational factors (forexample senior managements’ commitment to big data and analytics). Drawing on the insightsgained in the study, we developed a multi-phase, big-data analytics model for internationalmarket selection.

scholarly journals The impact of intra-group processes on family business success

2011 ◽  
Vol 14 (1) ◽  
pp. 8-23
Author(s):  
Shelley Farrington ◽  
Christo Boshoff ◽  
Elmarie Venter
Keyword(s):  
Family Business ◽  
Group Processes ◽  
Primary Objective ◽  
Family Businesses ◽  
Sibling Relationship ◽  
Psychological Climate ◽  
Business Success ◽  
Snowball Sampling ◽  
The Family ◽  
The Impact

Interpersonal ties and intra-group processes influence the ability of people to work together effectively as teams. In the context of the family business team, intra-group processes describe the interaction that takes place between the family members and the resultant psychological climate that exists in the family business. Given the increasing number of sibling teams among family businesses, as well as the challenges they face as team members, this study focuses on sibling teams in family businesses and the intra-group processes that influence their success. Consequently, the primary objective of this study is to identify and empirically test the intra-group processes influencing the effectiveness of sibling partnerships. A structured questionnaire was distributed to 1323 sibling partner respondents. The respondents were identified by means of a convenience snowball sampling technique, and the data were collected from 371 usable questionnaires. The empirical findings of this study show that the sibling relationship and fairness are important determinants of sibling team effectiveness.

scholarly journals The influence of family and non-family stakeholders on Family Business success

2010 ◽  
Vol 3 (1) ◽  
pp. 32 ◽  
Author(s):  
Shelley Farrington ◽  
Elmarie Venter ◽  
Christo Boshoff
Keyword(s):  
Family Business ◽  
Family Relationships ◽  
Family Members ◽  
Sampling Technique ◽  
Family Businesses ◽  
Business Success ◽  
Snowball Sampling ◽  
Key Stakeholders ◽  
Keywords And Phrases ◽  
The Impact

<p>The greatest threats to the growth, success and survival of a family business are primarily issues related to family relationships. The involvement of non-family members has also shown to present many threats as well as opportunities for the family business. Because of the increasing number of sibling teams among family businesses this article focuses on the impact of family and non-family members’ involvement on the success of sibling-owned family businesses. Key stakeholders identified as influencing a Sibling Partnership are parents, non-active sibling shareholders, spouses, and non-family members. The primary objectives of this article are thus to evaluate the impact of the stakeholders identified on the success of a Sibling Partnership, by subjecting these relationships to empirical testing, and making recommendations to successfully manage relationships in family businesses. A structured questionnaire was made available to 1 323 sibling partner respondents. The respondents were identified by means of a convenience snowball sampling technique, and the data collected from 371 usable questionnaires was subjected to various statistical analyses. The empirical findings of this study show that both past and present Parental involvement, as well as the involvement of other family members and Non-family employees in the sibling-owned family businesses, significantly impact on its success.</p><p><strong>Keywords and phrases:</strong> Family business, Sibling Partnership, family team, family relationships, spouses, non-active shareholders, stakeholders</p>

scholarly journals The impact of eu support resources on business success of family-owned businesses

10.5219/1167 ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 846-853 ◽  
Author(s):  
Dániel Halasi ◽  
Pavol Schwarcz ◽  
Ladislav Mura ◽  
Oľga Roháčiková
Keyword(s):  
European Union ◽  
Family Business ◽  
Quantitative Methods ◽  
Slovak Republic ◽  
External Support ◽  
Business Success ◽  
The European Union ◽  
Family Enterprises ◽  
The Family ◽  
The Impact

Nowadays, we live in an accelerated, complex, globalized world, where expectations are high for everyone. The child of today has to train a lot to be successful. The enlargement of the European Union and the expansion of the Schengen zone opened gates to society and economy that were not dreamed before by the countries of Central and Easter Europe. Many businesses were able to develop and grow, and they could achieve the goals they set until the end of the ´90s. The situation has changed since the turn of the millennium. The global markets, the easily accessible products and services, the convenience of the World Wide Web, the growing competition, the multinational companies and foreign chains, the high consumer expectations and the requirements and standards of EU have resulted the end of many businesses. The aim of the paper was to evaluate the impact of European Union support funds on the business of family enterprises in the southern districts of the Slovak Republic. The research material was obtained from primary sources. Data were subject of deeper analysis by statistical methods. Subsequently hypotheses were  formulated  and verified by use quantitative methods. According to results, in a group of businesses not supported by EU programs more than half of the respondents could not develop in the last 3 years, they had negative results. It can be stated that if external support and consultancy are present in family business life, the younger generation will find the family business more dynamic, innovative and attractive and therefore they will continue to run the family business.

scholarly journals A Neglected Factor Explaining Family Business Success: Human Resource Practices

1994 ◽  
Vol 7 (3) ◽  
pp. 251-262 ◽  
Author(s):  
Joseph H. Astrachan ◽  
Thomas A. Kolenko
Keyword(s):  
Competitive Advantage ◽  
Human Resource ◽  
Family Business ◽  
Boards Of Directors ◽  
Family Firms ◽  
Business Success ◽  
Hrm Practices ◽  
Governance Practices ◽  
Positive Correlations ◽  
The Impact

Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was not. Such practices are important. for current competitive advantage and may also be crucial to the longevity of the business.

scholarly journals A qualitative exploration of proxy decision makers’ expectations of prescribed medications for people with advanced dementia

2018 ◽  
Vol 32 (6) ◽  
pp. 1114-1123 ◽  
Author(s):  
Bridgeen McCloskey ◽  
Carmel Hughes ◽  
Carole Parsons
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Healthcare Professionals ◽  
Structured Interview ◽  
Decision Makers ◽  
Advanced Dementia ◽  
Goals Of Care ◽  
Active Involvement ◽  
Prescribed Medicines ◽  
The Impact

Background: Proxy decision makers often have to make decisions for people with advanced dementia. Their expectations regarding prescribed medications have the potential to influence prescription or withdrawal of medications. However, few studies to date have explored this. Aim: To explore proxy decision makers’ expectations of prescribed medications for people with advanced dementia and to consider how these change with changing goals of care and dementia progression. Design: This is a qualitative semi-structured interview study. Setting/participants: In total, 15 proxy decision makers of people with advanced dementia were recruited via general practitioners ( n = 9), Join Dementia Research ( n = 3) and the Alzheimer’s Society Northern Ireland ( n = 3). Results: Five key themes emerged: the role as advocate, attitudes to medicines and medicine taking, uncertainty over the benefit of anti-dementia medications, stopping medications, and communication and decision-making. Proxy decision makers desired more information about prescribed medicines, particularly the indications, benefits and risks of treatment. Despite uncertainty about the benefits of anti-dementia medications, proxy decision makers were reluctant for these medications to be withdrawn. Reluctance to stop other prescribed medicines was also expressed but reduced with changing goals of care and dementia progression. Although some proxy decision makers expected to be involved in medication-related decisions, the majority preferred to delegate these decisions to healthcare professionals. However, they expected to be informed of any medication-related decisions made. Conclusion: Proxy decision makers vary in terms of their desire for active involvement in the medication decision-making process. Healthcare professionals should facilitate proxy decision maker involvement if desired. Further research is required to consider the impact of proxy decision maker involvement in decision-making.

scholarly journals Extended Research on Grey Target Decisions for a Variable Target Centre Based on Decision Maker Preferences

2019 ◽  
Vol 2019 ◽  
pp. 1-11
Author(s):  
Hongna Song ◽  
Xinxian Zhai ◽  
Jinshan Ma
Keyword(s):  
Decision Maker ◽  
Decision Makers ◽  
Numerical Examples ◽  
Decision Method ◽  
Multiple Attribute ◽  
The Impact

The impact of target centre indices determined by the desires and selection preferences of decision makers (DMs) on target centre distances (TCDs) has been discussed extensively. One way of facilitating this is by using a multiple-attribute grey target decision method (GTDM), where normalisation plays an important role. So far, however, TCDs have only undergone linear normalisation. Therefore, we investigated the available normalisation methods with regard to the impact of a variable target centre on TCDs and objective weights. Our work shows that existing normalisation methods can be divided into two kinds: those that affect the index TCDs and determine the objective weights and those that do not, with target centre indices instead determined by the preferences of DMs. Finally, numerical examples are provided and applications are discussed.

scholarly journals A Novel Multi-Attribute Decision-Making Algorithm for Landfill Site Selection Based on Q-Rung Orthopair Probabilistic Hesitant Fuzzy Power Weight Muirhead Mean Operator

2021 ◽  
Author(s):  
Yaojun Ren ◽  
Xiujiu Yuan ◽  
Ruojing Lin
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Site Selection ◽  
Landfill Site ◽  
Decision Makers ◽  
Parameter Analysis ◽  
Power Weight ◽  
Landfill Site Selection ◽  
Multi Attribute Decision Making ◽  
The Impact

Abstract BackgroundWith the rapid development of economy and the acceleration of urbanization, the garbage produced by urban residents also increases with the increase of population. In many big cities, the phenomenon of "garbage siege" has seriously affected the development of cities and the lives of residents. Sanitary landfill is an important way of municipal solid waste disposal. However, due to the restriction of social, environmental and economic conditions, landfill site selection has become a very challenging task. In addition, landfill site selection is full of uncertainty and complexity due to the lack of cognitive ability of decision-makers and the existence of uncertain information in the decision-making process.MethodsA novel multi-attribute decision making method based on q-rung orthopair probabilistic hesitant fuzzy power weight Muirhead mean (q-ROPHFPWMM) operator is proposed in this paper, which can solve the problem of landfill site selection well. This method uses probability to represent the hesitance of decision maker and retains decision information more comprehensively. The negative effect of abnormal data on the decision result is eliminated by using the power average operator. Muirhead mean operator is used to describe the correlation between attributes. ResultsAn example of landfill site selection is given to verify the effectiveness of the proposed method, and the advantages of the proposed method are illustrated by parameter analysis and comparative analysis. ConclusionThe q-ROPHFPWMM operator can describe the correlation between any evaluation factors and effectively reduce the impact of unreasonable evaluation information given by decision makers on the results. In addition, this method has a wider space for information expression, gives the decision maker a great degree of freedom in decision-making.

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