Acquiring a Family Firm: A Case Study

2003 ◽  
Vol 16 (4) ◽  
pp. 251-268 ◽  
Author(s):  
Rachel E. Mickelson ◽  
Christopher Worley
Keyword(s):  
Success Factors ◽  
Family Firms ◽  
Merger And Acquisition ◽  
Family Firm ◽  
Integration Process ◽  
Key Success Factors ◽  
Culture Dimensions ◽  
Research Questions ◽  
The Impact

Several choices are available to family firms when intergenerational succession is not an option. One alternative is to explore merger and acquisition (M&A) opportunities. This paper addresses two research questions: (a) What are the key differences between typical M&As and those involving a family firm? and (b) What are the key success factors for the post-acquisition integration process, and what is the impact on this process when the acquired company is a family firm? Results from an acquired family firm case study suggest that these M&A processes differ along structure, motivation, and culture dimensions. The case study also suggests post-acquisition considerations for M&As involving family firms.

scholarly journals STUDI KASUS INTERVENSI PEMERINTAH BAGI USAHA MIKRO, KECIL, DAN MENENGAH DI MASA PANDEMI COVID-19

2021 ◽  
Vol 6 (3) ◽  
pp. 263-287
Author(s):  
Marwanto Harjowiryono ◽  
Windraty Ariane Siallagan
Keyword(s):  
Financial Literacy ◽  
Success Factors ◽  
Government Programs ◽  
Assistance Program ◽  
Assistance Programs ◽  
Key Success Factors ◽  
The Future ◽  
The Government ◽  
The Impact

This study investigates the impact of the COVID-19 pandemic on MSMEs and how Government intervention affects their capacity to survive. Through a survey of 368 respondents, namely debtors/beneficiaries, aid distributors, policymakers, and supervisors, this case study finds that the COVID-19 pandemic has resulted in business delays. The finding means that the government assistance schemes are the key to business continuity for MSMEs during the COVID-19 pandemic. With the help from the Government, the business actors in the sample of this study can maintain their business. Although some MSMEs reduced the number of workers employed, some MSMEs still survived, even increased their workers and business turnover. While the research identifies key success factors of Government programs, there are also some challenges in their implementation. This study recommends that the Government continues giving assistance programs for MSMEs. In addition, the Government should relax requirements while focusing on new beneficiaries. Building an integrated MSME database is also necessary, and in the future, the Government must integrate the assistance program with financial literacy and innovation programs. The policy implication of this research is that the future programs of government poverty alleviation need to focus on MSMEs.

scholarly journals LEADERSHIP IN MERGER AND ACQUISITION SITUATION: A CASE REVIEW OF LUFTHANSA SERVICE GmbH (LSG) and Sky Chefs Inc.

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Lufina Mahadewi
Keyword(s):  
Significant Role ◽  
Success Factors ◽  
Merger And Acquisition ◽  
Case Review ◽  
Soft Factor ◽  
Key Success Factors ◽  
Successful Change ◽  
Fundamental Mechanism

This article proposes a relation and linkage between leadership aspects and their involvement in managing the soft factor issues post-Merger and Acquisition (M&A) to achieve the best outcome. The relation and linkage is drawn from the analysis of M&A and leadership aspects. The analysis shows that leadership plays a significant role as a fundamental mechanism in successful change. The author proposes that leadership is one of the key success factors in overall M&A process. This view is supported by consideration of Lufthansa Service GmbH (LSG) and Sky Chefs Inc case study.

MANAGING DIGITAL TRANSFORMATION IN DIGITAL BUSINESS ECOSYSTEMS

2021 ◽  
Author(s):  
TIINA TAWASTSTJERNA ◽  
HEIDI OLANDER
Keyword(s):  
Success Factors ◽  
Collaborative Governance ◽  
Digital Transformation ◽  
Key Success Factors ◽  
Multiple Partners ◽  
Business Ecosystems

Previous research has increased our understanding of digital transformation (DT) and digital business ecosystems as independent topics. Less is known about how DT unfolds in digital business ecosystems. Such collaborative creation of digital innovations is affected by individual actors and by ecosystem as a whole. Based on an empirical case study of an ecosystem facilitator company and its digital business ecosystems as embedded cases, this paper contributes to the understanding of key success factors in new digital business ecosystems. The findings support collaborative governance as an important tool in leading the DT among multiple partners. Moreover, the findings present the concept of a common rulebook, including the practices, principles, guidelines, tools, handshakes, and boundaries, as an enabler for ways of working in an ecosystem. Managers can use this paper to increase their understanding on the governance of digital business ecosystems and to clarify their organisational expectations when participating in joint endeavours involving DT.

scholarly journals Percepciones en torno a una educación remota y a una educación híbrida universitaria durante la pandemia de la COVID-19: estudio de caso

2021 ◽  
pp. 25-39
Author(s):  
Jorge Balladares Burgos
Keyword(s):  
Higher Education ◽  
Blended Learning ◽  
Success Factors ◽  
Formal Concept ◽  
Research Approach ◽  
Strategic Learning ◽  
Remote Education ◽  
Key Success Factors ◽  
Estudio De Caso

El presente artículo tiene como propósito realizar un estudio sobre las percepciones en torno a una educación remota y a una educación híbrida en la educación superior.  El estudio de caso de un programa universitario de posgrado se articula con el enfoque de la investigación basada en el diseño para analizar percepciones sobre una educación remota en tiempos de pandemia e identificar factores claves de éxito para una nueva normalidad educativa a partir de los microciclos de la fase de implementación.  Entre los hallazgos, se reconoce que una educación remota respondió a la emergencia de la pandemia y se identificaron factores claves de éxito tales como la temporalización del proceso de enseñanza y aprendizaje, la docencia sincrónica, el diseño tecnopedagógico de los entornos virtuales de aprendizaje, y la transformación digital universitaria.  Estos resultados permiten resignificar el concepto tradicional de educación híbrida incorporando fortalezas de la educación remota, y reposicionándola como una modalidad de estudio estratégica para una nueva normalidad educativa que recupere progresivamente la presencialidad y expanda el aprendizaje de los estudiantes. La presente investigación contribuye a plantear pistas desde la educación híbrida hacia una renovada educación postpandemia. The purpose of this article is to lead a case study on perceptions around remote education and hybrid education in higher education.  The case study of a graduate university program is articulated by the design-based research approach for analyzing perceptions about remote education in the Covid-19 pandemic and to identify key success factors for new educational normality through the microcycle of análisis and exploration.  Among the findings, it is recognized that remote education responded to the emergency of the pandemic and identified key success factors such as teaching and learning timing, synchronous teaching, instructional design of virtual learning environments, and digital transformation in universities. These results allow us to re-signify the formal concept of blended learning including key strengths of remote learning and consider it as a strategic learning model for new higher education normality that will progressively recover face-to-face classrooms and expand students’ learning. This research contributes to raising clues from blended learning to renovate post-pandemic education

scholarly journals Examining the Key Success Factors for Startups in the Kingdom of Bahrain

2021 ◽  
pp. 9-49
Author(s):  
Muneera Al Sahaf ◽  
Lamea Al Tahoo
Keyword(s):  
Success Factors ◽  
Active Role ◽  
Major Effect ◽  
Fund Raising ◽  
Key Success Factors ◽  
Clear Vision ◽  
Vision 2030 ◽  
The Government ◽  
Oil Wealth ◽  
The Impact

With Bahrain Economic Vision 2030, aspiring the shift from an economy that depends on oil wealth to a diversified economy, including startup businesses.  A number of startups in Bahrain have been growing at a rapid pace in various industries. This is a result of the excellent ecosystem, and support provided to startups by the government in Bahrain. This study aims to examine the key success factors of startups in the Kingdom of Bahrain. The quantitative method was the adopted approach, whereby data was collected to examine the impact of four selected variables; fund-raising, experience, knowledge, and partnerships on the success of startups in Bahrain. The quantitative findings outlined the importance of several factors that were perceived to have a significant influence on the success of Bahraini Startups, where the majority of respondents agreed/strongly that two of the examined factors are considered critical to succeed in startups in the Kingdom of Bahrain. These factors are experience and knowledge, which proved to have an active role to maintain the success of startups. However, the startups’ founders disagreed on the impact of fund-raising and partnerships which are considered to have no major effect on the success of startups. Recommendations of this research include two segments; for founders is to seek more opportunities to enhance their knowledge and capitalize on their experiences, and for government entities to provide and improve training offerings, and facilitate founders’ communication and assist them in reaching out to the investors and the supporting entities, which will provide ease for new startup entry to the market, and establishment of a clear vision with framework prior to embarking the new venture.

scholarly journals GDP Impact on Efficiency Gains of Transportation and Distribution of Nascent Informal Sectors in India

2019 ◽  
Vol 8 (4) ◽  
pp. 2992-2995
Keyword(s):  
High Performance ◽  
Success Factors ◽  
Moving Load ◽  
Secondary Data ◽  
Case Study Method ◽  
Efficiency Gains ◽  
Operation Costs ◽  
The Impact ◽  
Crucial Part

The transportation and distribution (T&D) of nascent informal sectors, it is important to have a good performance in operations. In order to achieve high performance, it is necessary to know which operational factors are critical for success and which are less important. Only then can management focus attention on those factors that have a strong effect on performance. In The India a large project has been carried out to find these critical operational success factors. The progress in techniques and management principles improves the moving load, delivery speed, service quality, operation costs, the usage of facilities and energy saving. Transportation takes a crucial part in the manipulation of logistic. The objective of study is the impact on GDP from logistics savings. To measure efficiency gains of drivers in logistics savings, to study the effect of efficiency gains on nominal GDP. The study is case study method adopted based on secondary data and it is concluded that the GDP impact on efficiency gains of transportation and distribution of nascent informal sectors in India exhibited that customers’ final bill remains same; Transport company’s profits go up and customer takes away all the savings

Social networks and family firm internationalisation: cases from a transition economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Liridon Kryeziu ◽  
Recai Coşkun ◽  
Besnik Krasniqi
Keyword(s):  
Social Networks ◽  
Transition Economy ◽  
Family Firms ◽  
Family Firm ◽  
Research Strategy ◽  
Family Businesses ◽  
Product Diversification ◽  
Content Type ◽  
Competitive Prices ◽  
The Impact

Purpose The purpose of this study is to examine the impact of family firms’ types of social networks on internationalisation. By investigating the mechanisms and the process and complexity regarding the operation, function and impact of social networks, this paper aims to gain insights and understand the dynamism concerning the content, and process as well as build rich and detailed construct analysis. Design/methodology/approach This study used a qualitative case study as a research strategy to examine the impact of social networks on family firm internationalisation. A qualitative research strategy was used as the impact of networking relations and structure is challenging to be measured statistically. Findings The findings suggest that family firm internationalisation was gradual and characterised by an incremental learning process. This process facilitated the networking relations and structures that helped firms improve their quality, product diversification and set competitive prices. Research limitations/implications This study’s first limitation is that it focused mainly on low technology manufacturing firms. This paper recommends examining how high technology firms maximise social networks. Secondly, this paper examined family firms; therefore, this paper recommends comparing and contrasting networking relations and family and nonfamily firms' social structure. Thirdly, being limited only to social networks, this study did not focus on the impact of ownership; this paper suggests future studies to examine family ownership and involvement in firm internationalisation. Originality/value Understanding how firms’ social network types influence family firms’ internationalisation in a transition economy is critical to ensuring family businesses’ expansion. This study explains how family firms use social networks to internationalise, extending the current understanding of family business literature in transition economies. It also provides implications for policymakers and family firms managers for improving the growth prospects of family businesses.

(Transport) history as policy lab for democratic governance

2019 ◽  
Vol 40 (2) ◽  
pp. 270-280
Author(s):  
Bert Toussaint
Keyword(s):  
Land Use ◽  
Deliberative Democracy ◽  
Environment Impact ◽  
Environment Impact Assessment ◽  
Planning Framework ◽  
Participatory Processes ◽  
Research Questions ◽  
The Impact

In the past decades we witnessed a rise of public participation in transport and land-use projects, and often those practices have been formalised in a solid juridical framework. In the Netherlands and other EU-countries, the cornerstones of this participatory planning framework are the Environmental Impact Study and the Environment Impact Assessment. However, historical appraisals of the impact of these instruments on participatory processes are lacking. Using the case study of the contested Dutch motorway project passing through the Amelisweerd forest (1970s), this paper aims to appraise the role of deliberative democracy concepts and practices. This paper is a plea for a novel academic agenda driven by the research questions: to what extent have participatory processes in transport, land-use and water management policies had an impact on deliberative democracy concepts and practices? Which role did citizens and users have in shaping the decision-making process?

Some Key Success Factors in Web-Based Corporate Training in Brazil

2010 ◽  
pp. 188-207
Author(s):  
Luiz Antonio Joia
Keyword(s):  
Goal Orientation ◽  
Success Factors ◽  
Corporate Training ◽  
Web Based ◽  
Critical Dimensions ◽  
Key Success Factors ◽  
Critical Success ◽  
Quantitative Data Analysis ◽  
Multiple Case

Brazilian companies are increasingly turning to web-based corporate training by virtue of the fact that they need to train their employees within tight budget constraints in a country of continental dimensions. However, most of these companies do not know what the critical success factors in these endeavors are. Therefore, this chapter seeks to investigate some key success factors associated with such digital enterprises. In order to achieve this, the multiple case study method is used, whereby two cases, both conducted within the same Brazilian company, leading to opposite outcomes – a success and a failure – are analyzed in depth. Accordingly, the two aforementioned cases are investigated by using quantitative data analysis based on bi- and multi-variate linear regressions, as well as t-tests. The conclusions were that “Goal Orientation”, “Source of Motivation”, and “Metacognitive Support” were the three critical dimensions in these two web-based corporate training programs under analysis.

scholarly journals Generational brokerage: An intersubjective perspective on managing temporal orientations in family firm succession

2020 ◽  
pp. 147612702097697
Author(s):  
Vittoria Magrelli ◽  
Emanuela Rondi ◽  
Alfredo De Massis ◽  
Josip Kotlar
Keyword(s):  
Family Firms ◽  
Family Members ◽  
Family Firm ◽  
Mediation Process ◽  
Organizational Processes ◽  
Generation Family ◽  
Embedded Case Study ◽  
Intra Family

Interactions between family members of different generations often unleash powerful tensions in family firms. Intergenerational tensions can be particularly prominent during intra-family succession as a result of the different temporal orientations of senior and junior generation family members. However, scant systematic attention has thus far been paid to understanding the temporality of intergenerational tensions in family firms. Through an embedded case study, we explore the mediation process that helps family firms manage intergenerational tensions by way of temporal work. Our investigation of an advisory firm and its clients led us to identify generational brokerage as the intersubjective process through which temporal work enables generations toward the joint understanding of temporal orientations. Our theoretical insights have significant implications for developing a temporal view of succession and add novel important knowledge to research on mediation and time. Indeed, we show that generational brokerage is a dialectic construct with organizing properties able to blend disparate research streams by going beyond a unidirectional forward-flowing logic of time in examining organizational processes.

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