Studying the Family Enterprise Holistically

2009 ◽  
Vol 22 (1) ◽  
pp. 82-95 ◽  
Author(s):  
Rodrigo Basco ◽  
María José Pérez Rodríguez
Keyword(s):  
Family Business ◽  
Representative Sample ◽  
Empirical Support ◽  
Enterprise Management ◽  
Review Of The Literature ◽  
Business Results ◽  
Family Enterprise ◽  
Family Enterprises ◽  
The Family ◽  
Spanish Family

This research contributes to the family business literature by empirically demonstrating that family enterprises that give more emphasis to family and business as a whole have better family results and similar business results when compared to those enterprises that limit governance to only the business. The article includes a review of the literature, and it identifies a set of four basic dimensions that focus on different aspects of family enterprise. The study then combines measures of these dimensions to describe both the governance and the nature of the family and the business. A representative sample of 732 Spanish family enterprises enabled the research to reveal empirical support for the theory positing that balanced attention to governing the subsystems is an effective route to family enterprise management.

scholarly journals Social Issues in the Family Enterprise

2014 ◽  
Vol 27 (3) ◽  
pp. 193-205 ◽  
Author(s):  
Anita Van Gils ◽  
Clay Dibrell ◽  
Donald O. Neubaum ◽  
Justin B. Craig
Keyword(s):  
Family Business ◽  
Social Issues ◽  
Future Research ◽  
Special Issue ◽  
Family Enterprise ◽  
Family Enterprises ◽  
The Social ◽  
The Family ◽  
Research Questions ◽  
Corporate Social

In this introduction, we discuss social issue research in the management and family business literatures, focusing on ethics, corporate social responsibility, and philanthropic practices of family enterprises. Next, we introduce and highlight four articles accepted for publication. The editorial concludes by presenting future research questions at the social issues—family business interface. Our review of 35 articles, as well as those included in this Special Issue, suggest that family businesses are more attuned and attentive to social issues and stakeholders than nonfamily business. Noneconomic motivations (e.g., reputation, socioemotional wealth, and stewardship) appear particularly salient to family enterprises.

scholarly journals Legal and Economic Context of the Czech Civil Code Rules on Family Enterprises

2017 ◽  
Vol 65 (6) ◽  
pp. 1945-1951 ◽  
Author(s):  
Martin Janků
Keyword(s):  
Family Business ◽  
Civil Code ◽  
Legal Analysis ◽  
Eu Member States ◽  
Stable Order ◽  
Family Enterprise ◽  
Family Enterprises ◽  
The Family ◽  
Legislative Framework ◽  
Legal Position

The family-run business model is in the Czech Republic not used in the scope, as it is the case of other EU Member States. Until recently one of the reasons was also the absence of a legislative framework that would give to the family business or its organization a comprehensive and systematic rules and a stable order. This has – from a part – changed since January 1st, 2014 with the entry into force of the new Czech Civil Code, Act No. 89/2012 Coll. The present paper aims at pointing out the ways, forms and the diversity of family business from business in general according to the legislation in the Civil Code introducing in its Sections 700 – 707 the institute of family enterprise. In the context of economic-legal analysis undertaken some aspects related to the family enterprise are highlighted, in particular the sharing of profit gains, employment of family members in the operation of the family enterprise and the continuing of operation of the family business after the death of the family member being in the legal position of the entrepreneur.

scholarly journals Rethinking entrepreneurship and family business research in Honduras: a closer look in times of crisis

2020 ◽  
Vol 9 (1) ◽  
pp. 28-38
Author(s):  
Allan Discua
Keyword(s):  
Entrepreneurial Activity ◽  
Business Research ◽  
Family Enterprise ◽  
Large Size ◽  
Family Enterprises ◽  
The Social ◽  
The Family ◽  
The World ◽  
Relevant Context ◽  
Is Value

Introduction: Around the world, entrepreneurial activity is influenced by family. The influence of family in the creation, management, development and continuity of small, medium and large size enterprises is unequivocal. In this revision article, I argue for the relevance of further research in Honduras around entrepreneurship and the family enterprise. Methods and Discussion: As families in business are vital to the social and economic fabric of communities around the world there is value in understanding the special nature of enterprises that operate as family businesses. Honduras is a relevant context of study as research on family enterprises has been underrepresented and several challenges and fortuitous events affect the emergence and continuity of family enterprises. Conclusion: To advance understanding, this revision article brings together a collection of themes that provide a nuanced overview of key discussions and opportunities for further research.

Philanthropy in Family Enterprises

2015 ◽  
Vol 29 (1) ◽  
pp. 121-141 ◽  
Author(s):  
Neus Feliu ◽  
Isabel C. Botero
Keyword(s):  
Systematic Review ◽  
Family Business ◽  
Future Research ◽  
Business And Society ◽  
Review Of The Literature ◽  
Individual Level ◽  
Family Enterprises ◽  
The Subject ◽  
The Individual

Philanthropy in family enterprises operates at the crossroads of family, business, and society. Most of the research in this area is approached from the business or the individual level; thus, we have a fragmented understanding of philanthropy in family enterprises. This article presents a systematic review of the literature on the subject. Based on 55 sources published between 1988 and 2014, we explain the drivers of this behavior, the vehicles used to practice it, and the outcomes tied to the practice of philanthropy in family enterprises. We identify gaps in our understanding and provide ideas for future research.

All together now: strategy mapping for family businesses

2016 ◽  
Vol 37 (1) ◽  
pp. 3-10 ◽  
Author(s):  
Michael Braun ◽  
Scott Latham ◽  
Emily Porschitz
Keyword(s):  
Family Business ◽  
Family Systems ◽  
Family Businesses ◽  
Individual Risk ◽  
Content Type ◽  
Business Objectives ◽  
Design And Implementation ◽  
Family Enterprises ◽  
The Family ◽  
Internal Stakeholders

Purpose – This paper aims to introduce a supplementary strategic mapping tool designed specifically for family businesses. The authors extend the popular tool of strategy maps into the family business arena to address potential misalignments arising from the family imprint on a business. The resulting family enterprise strategy map (FESM) aims, both literally and figuratively, to get internal stakeholders on the same page in their pursuit of family business objectives. Using the FESM, family managers can enhance strategy design and implementation, thereby increasing the viability and longevity of their enterprises for future generations. Design/methodology/approach – The framework draws from previous work on strategic maps, from scholarly research on family businesses and from the authors’ experiences consulting with family enterprises. The framework addresses four distinct but interrelated perspectives requiring managerial attention: family business objectives, family alignment, family systems and family business foundation. The case of Mondavi Winery is used to illustrate the prescriptive value of the FESM. Findings – The FESM is meant to be used cooperatively among internal stakeholders to tease out potential challenges that can hinder the effective design and implementation of a family business strategy. The FESM makes explicit the primary objectives of the family business, prompts stakeholders to voice professional and personal ambitions in the business and brings individual risk propensities to the dialogue. Systems and activities necessary for successful strategy implementation are also underlined in the FESM. Lastly, the framework helps to identify the strategic foundation that can be leveraged to achieve the family enterprise’s objective. Originality/value – The value of the FESM is threefold. First, having family members and non-family managers engage in this activity can make known individual, family and non-family functions, desires and goals. In doing so, the FESM also effectively highlights misalignments among and between various internal stakeholders that may otherwise go unnoticed. Second, the FESM draws management’s attention to specific family-related resources and capabilities within the company and, just as importantly, those that need to be cultivated to achieve strategic objectives. Third, the FESM can serve as a valuable reminder during those times when family systems begin to malfunction or to diverge from intended objectives.

A Conceptual Study on Nepotism and Effects in Family Enterprises

2017 ◽  
Vol 3 (1) ◽  
pp. 59-64
Author(s):  
Derya Çevik Taşdemir ◽  
Filiz Çayırağası ◽  
Gülsüm Günbala Güven
Keyword(s):  
Family Business ◽  
Turnover Rate ◽  
Holistic Approach ◽  
Family Businesses ◽  
Business Failure ◽  
Labor Turnover ◽  
Family Enterprises ◽  
The Family ◽  
The World ◽  
Conceptual Study

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.

Interview with Dr. William O’Hara

2003 ◽  
Vol 16 (3) ◽  
pp. 221-223 ◽  
Author(s):  
Paul I. Karofsky
Keyword(s):  
Family Business ◽  
Executive Director ◽  
Family Businesses ◽  
Business Community ◽  
Family Enterprise ◽  
The Family ◽  
History Of ◽  
New Research

Dr. William O’Hara, the executive director of Bryant College’s Institute for Family Enterprise (IFE), answers questions dealing with many aspects of his life. By founding the IFE and continually adapting it to the condition of the marketplace, O’Hara maintains a commitment to expanding the knowledge of the family business community. O’Hara’s new research into the history of family businesses hints at an underlying framework that is still applicable today. He spoke with Paul I. Karofsky, executive director of Northeastern University’s Center for Family Business.

Non-Market-Based Transfers of Wealth and Power: A Research Framework for Family Business

1997 ◽  
Vol 10 (1) ◽  
pp. 53-67 ◽  
Author(s):  
Neil C. Churchill ◽  
Kenneth J. Hatten
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Family Experience ◽  
Family Ties ◽  
Research Framework ◽  
Family Enterprise ◽  
Biological Reality ◽  
The Family ◽  
Business Experience ◽  
Succession Process

Family businesses are basically owner-managed enterprises with the family involved within the business. When, to family ties within the business, is added the biological inevitability of an eventual transfer of power, family succession becomes an alternative to selling the business—a transfer based on non-market considerations. A framework for studying family businesses is proposed which has succession as its anchor. The succession process is where changes in management, in strategy, and in control are planned for and executed. The framework is built upon stages of the family enterprise which emanate from the biological reality of parent and offspring being separated by age and business experience, but wedded together by “blood” and a shared family experience.

Worlds Apart?

2011 ◽  
Vol 25 (1) ◽  
pp. 87-108 ◽  
Author(s):  
Albert E. James ◽  
Jennifer E. Jennings ◽  
Rhonda S. Breitkreuz
Keyword(s):  
Agency Theory ◽  
Family Business ◽  
Symbolic Interactionism ◽  
Science Literature ◽  
Resource Based View ◽  
Family Science ◽  
Family Enterprise ◽  
Theoretical Perspectives ◽  
The Family ◽  
New Directions

This article demonstrates how the combined approaches of informed pluralism and disciplined integration can help rebridge the distance between the seemingly disparate academic worlds of family science and family business. The authors establish the need for such a resynthesis by documenting trends within family enterprise research from 1985 to 2010. The analysis vividly illustrates not only the increased dominance of publication outlets and theoretical perspectives associated with business but also the near disappearance of those associated with family. In light of these trends, the authors suggest that renewed attention to integrating ideas from the two disciplines is likely to enrich both. To illustrate this claim, this study combines concepts from long-standing theories within the family science literature (structural functionalism and symbolic interactionism) with those from predominant perspectives within the family business literature (agency theory and the resource-based view). The outcome is a series of provocative yet relevant potential new directions for each field.

Sign in / Sign up

Export Citation Format

Share Document