A Framework of Successor Competencies to Promote Corporate Entrepreneurship in Family Firms

2015 ◽  
Vol 23 (03) ◽  
pp. 321-355 ◽  
Author(s):  
Hossein Samei ◽  
Alireza Feyzbakhsh
Keyword(s):  
Family Firms ◽  
Critical Role ◽  
Corporate Entrepreneurship ◽  
Family Firm ◽  
Factors Affecting ◽  
Iranian Family ◽  
The Future ◽  
Successive Generations ◽  
Positive Effect

Corporate entrepreneurship has been shown to have a positive effect on the long-term growth of family firms. Out of a variety of factors affecting the promotion of corporate entrepreneurship in successive generations of a family firm, the successor as the future leader of the firm plays a critical role. Therefore, identification of competencies enabling a successor to develop corporate entrepreneurship in a family firm can be useful. In this research 17 successor competencies have been identified by studying five Iranian family firms which have been successful in transferring entrepreneurship to successive generations. The paper describes and explains the function of each competency to promote corporate entrepreneurship in a family firm.

Organizing Human Resources in Family Firms During Generational Succession

2021 ◽  
pp. 264-281
Author(s):  
Anna Maria Melina ◽  
Concetta Lucia Cristofaro ◽  
Marzia Ventura ◽  
Rocco Reina
Keyword(s):  
Human Resources ◽  
Succession Planning ◽  
Family Firms ◽  
Family Firm ◽  
Competitive Advantages ◽  
Narrow Focus ◽  
Employee Attitude ◽  
And Behavior ◽  
Generational Succession

HRM in family firm (FF) research has moved from its narrow focus on selection and succession planning towards studying the broader antecedents, content and outcomes of HRM. Today, HRM is acknowledged as a crucial factor for attracting new talent, improving employee attitude and behavior, enhancing performance, and fostering the long-term competitive advantages. The aim of this study is to identify which tools and practices FFs adopt with HR during succession planning. For example, do they use the replacement table with the aim of providing the firm and its management with a map that allows them to make the most appropriate decisions to replace a person who is no longer available to fill a certain position? Or is it possible to identify other tools? Similar questions help the authors to investigate around the importance regarding people in firms during generational succession.

The Effect of Transgenerational Control Intention on Family-Firm Performance: It Depends Who Pursues It

2017 ◽  
Vol 43 (3) ◽  
pp. 629-646 ◽  
Author(s):  
Christian Hoffmann ◽  
Peter Jaskiewicz ◽  
Torsten Wulf ◽  
James G. Combs
Keyword(s):  
Firm Performance ◽  
Family Firms ◽  
Empirical Investigation ◽  
Cognitive Biases ◽  
Family Firm ◽  
Socioemotional Wealth ◽  
German Family

Transgenerational control intention (TCI) is a pivotal characteristic of many family firms. Yet, it remains unclear whether TCI benefits family-firm performance by instilling a long-term view, or hurts performance by fueling harmful socioemotional wealth (SEW) goals. We posit that it depends who pursues it. When faced with TCI, family managers are known to suffer from cognitive biases that, we submit, do not similarly apply to nonfamily managers. Thus, only family managers harm performance when pursuing TCI. An empirical investigation of 107 private German family firms supports our theory; the effect of TCI on firm performance depends on who pursues it.

Knowledge Utilisation in AgriFood SMEs: Effects of Organisational and Informational Factors

2020 ◽  
Vol 8 (7) ◽  
pp. 235-248
Author(s):  
David Eshun Yawson
Keyword(s):  
Critical Role ◽  
User Interaction ◽  
Consumer Information ◽  
Partial Least Squares Analysis ◽  
Factors Affecting ◽  
Knowledge Utilisation ◽  
The Uk ◽  
Role Of Information

Given the critical role of information and marketing in SME management it is surprising that little attention has been paid to the salient factors that motivate or inhibits consumer information used by agrifood SMEs. A model of organisational and informational factors affecting knowledge utilisation in Agri-food SMEs is presented and empirically tested through partial least squares analysis via SmartPLS. The results of the empirical testing of the conceptual model provide evidence to indicate that functional and technical qualities, provider-user interaction and usefulness in the market environment are determinants of knowledge utilisation. The findings of this study have implications for agri-food SME management in the UK regarding their growth and competitiveness in the medium and long term.

scholarly journals Principal-Principal Conflicts and Socioemotional Wealth in Family Firms

2017 ◽  
Vol 9 (10) ◽  
pp. 128 ◽  
Author(s):  
Jason See Toh Seong Kuan ◽  
Chin Fei Goh ◽  
Owee Kowang Tan ◽  
Norliza Mohd Salleh
Keyword(s):  
Corporate Governance ◽  
Family Firms ◽  
Family Firm ◽  
The Public ◽  
The Family ◽  
Different Types ◽  
Governance Practice ◽  
Corporate Governance Practice ◽  
The Relationship

Corporate governance is the concern of all the parties throughout the world regarding their viability in order to ensure the sustainability of the firm. As the family firms are listed in the public exchange, there are different kind of the investors in the corporation produce the resolution that are opposing to each other. Moreover, the large capital that is injected by the institutional investor complicates the role played in the corporation that shapes the culture and philanthropy. The phenomenon leads to the complex relationship in one corporation due to the different types of interest. Board composition and board independence are stretched by numerous scholars regarding the core importance in the corporation. Executive compensation is another area of corporate governance that is widely discussed by the scholars regarding the relationship with the long-term firm performance. Therefore, this review paper will focus on the application of the Principal-principal Conflicts theory and Socio-Emotional Wealth theory to narrate the whole scenario of the governance practice in the family firm. Throughout the paper, current rigorous practice of the family firms will be deeply investigated to cover the deep insights of the current phenomenon. The meticulous review of this paper is able to synthesize the significance of these theories towards the general governance setting in the family firms. Eventually, the working paradigm of the family firm can be clearly justified with the rationale that is justified. At the end of the review, the two main theories are concluded to be equally essential to illustrate the corporate governance practice in family firms across the globe.

scholarly journals SHAREHOLDER ACTIVISM AND INTERNATIONALIZATION IN THE FAMILY FIRM

2013 ◽  
Vol 14 (5) ◽  
pp. 867-885 ◽  
Author(s):  
Alfredo M. Bobillo ◽  
Juan A. Rodríguez-Sanz ◽  
Fernando Tejerina-Gaite
Keyword(s):  
Life Cycle ◽  
Value Creation ◽  
Family Firms ◽  
Economic Value ◽  
Decisive Role ◽  
Family Firm ◽  
Growth Strategy ◽  
Cycle Duration ◽  
The Family ◽  
Successive Generations

We present the internationalization of the family firm (FF) as a corporate growth strategy that is sometimes necessary to ensure survival. The different generations running the family firm (GFF) are likely to be constrained, not only by the demands of the business itself, but also by activism from non-management family shareholders. In this paper, we perform an analysis of a sample of Spanish family firms, both domestic and multinational, for the period 2000–2009. The results of this analysis show evidence of a positive relationship between the scope of internationalization and two other variables: family activism (FAI) and life cycle duration of the family firm (DLFF). When it comes to seeking alternative ways to create economic value and obtain debt finance, each generation is less risk averse than the preceding one. However, increasing family conflict over successive generations instigates economic value-destroying behavior. Overall, our findings suggest that economic value creation, leverage and international diversification in FFs will be conditioned not only by the ownership structure and size of the company, but also by the firm's current point in the business life cycle, the generation that is in charge, and activism from other family members, all of which play a decisive role in the FF internationalization and economic value creation process.

Organizing Human Resources in Family Firms During Generational Succession

2022 ◽  
pp. 1193-1210
Author(s):  
Anna Maria Melina ◽  
Concetta Lucia Cristofaro ◽  
Marzia Ventura ◽  
Rocco Reina
Keyword(s):  
Human Resources ◽  
Succession Planning ◽  
Family Firms ◽  
Family Firm ◽  
Competitive Advantages ◽  
Narrow Focus ◽  
Employee Attitude ◽  
And Behavior ◽  
Generational Succession

HRM in family firm (FF) research has moved from its narrow focus on selection and succession planning towards studying the broader antecedents, content and outcomes of HRM. Today, HRM is acknowledged as a crucial factor for attracting new talent, improving employee attitude and behavior, enhancing performance, and fostering the long-term competitive advantages. The aim of this study is to identify which tools and practices FFs adopt with HR during succession planning. For example, do they use the replacement table with the aim of providing the firm and its management with a map that allows them to make the most appropriate decisions to replace a person who is no longer available to fill a certain position? Or is it possible to identify other tools? Similar questions help the authors to investigate around the importance regarding people in firms during generational succession.

Effects of organisational culture on organisational innovation performance in family firms

2016 ◽  
Vol 23 (2) ◽  
pp. 379-407 ◽  
Author(s):  
Sylvie Laforet
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Cultural Orientation ◽  
Organisational Culture ◽  
Innovation Performance ◽  
Firm Innovation ◽  
Content Type ◽  
Organisational Innovation ◽  
Positive Effect

Purpose – The purpose of this paper is to examine the effects of organisational culture (OC) on organisational innovation performance (OIP) in family small and medium-sized enterprises (SMEs). It seeks to establish the type of culture that lead to high innovation performance in family firms. Design/methodology/approach – A postal survey of family SMEs across sectors in the UK is conducted. The study employs multiple regression analyses to test which family business culture has an effect on OIP. Among the family business cultures tested are: an external cultural orientation, a flexible and open OC as well as an organisational climate based on open communication and trust, the founder culture, and a long-term cultural orientation. Findings – The findings show that a paternalistic and founder culture type do not have a positive effect on family firm innovation performance, but an entrepreneurial-like culture does, i.e. one that is externally oriented, flexible, proactive (refer to an open culture) and long-term oriented. Similarly, an inward focus culture such as, the founder culture impedes innovation; while an outward focus culture such as, an external orientation culture has a positive effect on family firm innovation performance. Originality/value – This study makes valuable contributions to the understanding of theory and practices of innovation in family businesses. It provides future research directions.

Mudflat reclamation causes change in the composition of fungal communities under long-term rice cultivation

2019 ◽  
Vol 65 (7) ◽  
pp. 530-537 ◽  
Author(s):  
Yang Zhang ◽  
Qing Li ◽  
Yinglong Chen ◽  
Qigen Dai ◽  
Jian Hu
Keyword(s):  
Soil Fertility ◽  
Fungal Community ◽  
Critical Role ◽  
Illumina Miseq ◽  
Rice Cultivation ◽  
Fungal Communities ◽  
Fungal Community Composition ◽  
Saprotrophic Fungi ◽  
Factors Affecting

Fungi play a critical role in farmland ecosystems, especially in improving soil fertility; however, little is known about the changes in fungal communities caused by mudflat reclamation under rice cultivation. In this study, mudflats located in Yancheng, China, which were divided into nine plots with 0, 11, and 20 years of successive rice cultivation histories, were sampled to determine the fungal community composition by using Illumina MiSeq sequencing. Results show that the Shannon diversity of the fungal communities did not change significantly but the species richness increased under mudflat reclamation with long-term rice cultivation. Ascomycota was the dominant phylum throughout the reclaimed mudflats samples, while Sordariomycetes was the dominant class. Fungal functional prediction found that the relative abundance of saprotrophs gradually increased with mudflat reclamation and mainly belonged to Ascomycota after 20 years of successive reclamation. Redundancy analysis showed that electrical conductivity, organic matter, and total nitrogen were the main factors affecting the composition and ecological function of the fungal community during mudflat reclamation. In short, a fungal community dominated by Ascomycota was established during mudflat reclamation under rice cultivation, which is more conducive to promoting soil fertility because of the higher proportion of saprotrophic fungi in Ascomycota.

Design of a Sampling Plan for Studies on the Population Dynamics of the Diamondback Moth, Plutella maculipennis (Curt.) (Lepidoptera: Plutellidae)

1961 ◽  
Vol 93 (9) ◽  
pp. 820-831 ◽  
Author(s):  
D. G. Harcourt
Keyword(s):  
Population Dynamics ◽  
Diamondback Moth ◽  
Sampling Plan ◽  
Immature Stages ◽  
Mortality Factors ◽  
Term Study ◽  
Factors Affecting ◽  
Long Term Study ◽  
Successive Generations

In 1958, intensive studies on the population dynamics of the diamondback moth, Plutella maculipennis (Curt.), on cabbage were initiated in long-term study plots at Merivale, Ontario. The object was to construct ecological life tables (Morris and Miller, 1954) for successive generations of the insect, and, ultimately, to develop a mathematical model describing survival of field populations. This paper reports on the variation between samples of immature stages of the moth, and between some of the mortality factors affecting its abundance, and on the use of these data in designing a sampling plan with acceptable limits of precision.

Micro-Foundations of Corporate Entrepreneurship in Family Firms: An Institution-Based Perspective

2018 ◽  
Vol 43 (2) ◽  
pp. 274-281 ◽  
Author(s):  
Sohrab Soleimanof ◽  
Kulraj Singh ◽  
Daniel T. Holt
Keyword(s):  
Family Firms ◽  
Family Members ◽  
Institutional Context ◽  
Corporate Entrepreneurship ◽  
Family Firm ◽  
Institutional Perspective ◽  
The Family ◽  
Impact On Family ◽  
Micro Foundations

Family firm institutional context is composed of institutions that originate from the family and the business. Hence, a confluence of family and business institutions, with varying degrees of salience, interact and influence entrepreneurial behaviors within family firms. We suggest an institution-based perspective for examining entrepreneurial behaviors and explain why an institutional perspective can deepen our understanding of the micro-foundations of corporate entrepreneurship within family firms. Furthermore, we elaborate on family institutions’ influence on entrepreneurial behaviors by highlighting these institutions’ impact on family members’ cognitions and abilities, as well as, family and nonfamily members’ interactions and relationships.

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