scholarly journals Celebrity Couples as Business Families: A Social Network Perspective

2021 ◽  
pp. 089448652110503
Author(s):  
Yasaman Gorji ◽  
Michael Carney ◽  
Rajshree Prakash
Keyword(s):  
Social Networks ◽  
Social Relationships ◽  
Family Business ◽  
Economic Capital ◽  
The Family ◽  
Hollywood Movies ◽  
Career Performance ◽  
Business Family ◽  
Production Industry

We depict Hollywood celebrity couples as business families who participate in the project-based movie production industry, which is a temporary and disaggregated form of organization where skilled individuals are linked to one another through contractual and social relationships. Appearing in Hollywood movies generates celebrity capital, which can be converted into economic capital through involvement in endorsements and other rent-generating activities. Finding projects is facilitated by membership in high-quality social networks, and we consider celebrity marriage as a means of merging two individuals’ social networks, which can be mutually beneficial for both parties. We develop and test three hypotheses about the quality of social networks prior to and after marriage and analyze their impact upon celebrities’ postmarriage career performance. We contribute to the family business literature by exploring hybridized and adaptive forms of business family in contemporary project industries, which has the potential to enlarge family business scholars’ research horizons.

scholarly journals Nurturing and Transferring Entrepreneurship in Thai Business Families

2018 ◽  
Vol 5 (1) ◽  
pp. 23 ◽  
Author(s):  
Rungluck Naksung ◽  
Opas Piansoongnern
Keyword(s):  
Family Business ◽  
Parental Support ◽  
Developmental Stages ◽  
Structured Interview ◽  
Business Practices ◽  
The Family ◽  
Two Factors ◽  
Parental Family ◽  
Business Family ◽  
Thai Business

This research aims (1) to investigate patterns and phenomena of entrepreneurship formation in Thai business families; (2) to investigate practices of parent (the founders/predecessors of the business family) in nurturing and transferring entrepreneurship to their family members (successors); and (3) to build a model for nurturing and transferring entrepreneurship in Thai business families. The Semi-structured interview was used for collecting data from key informants who are potential successors of Thai business families. Eighteen potential family business successors participated in the interview. The study revealed that entrepreneurship in the Thai business families has been emerged since childhood developmental stages. The key practices of the Thai business families used for creating family entrepreneurship are: (1) Parental role modeling; (2) Parental family business practices; and (3) Parental support. However, the study disclosed and indicated that the founder or predecessor should build the family infrastructure before implementing any key practices. In this regard, the intellectual and mental factors were found as key elements. According to the findings, to be effective, these two factors must be created simultaneously.

scholarly journals Building family business identity through transgenerational narratives

2017 ◽  
Vol 30 (3) ◽  
pp. 344-356 ◽  
Author(s):  
Maria Jose Parada ◽  
Alexandra Dawson
Keyword(s):  
Family Business ◽  
Collective Identity ◽  
Content Type ◽  
Old Spanish ◽  
Socially Constructed ◽  
Organizational Resource ◽  
The Family ◽  
Narrative Method ◽  
Business Family ◽  
Empirical Material

Purpose The purpose of this paper is to understand how family businesses (FBs) build their collective identity through transgenerational narratives. The authors examine the processes through which organizational meanings are socially constructed through narratives about individuals who are closely linked to the organizations (and their family). Design/methodology/approach Based on qualitative research, the authors study a 180-year old Spanish Pharmaceutical FB. Using longitudinal data, the authors analyze the narratives of six family members and two non-family executives. The authors use open-ended questions to allow interviewees to elaborate their own stories, following previous studies using extended narratives that leave the stage to the narrator. Findings Findings based on the stories of the eight interviewees (voice) suggest that the FB identity was initiated by the founder’s way to grow the business (fictionality). In turn the family shaped the identity of the FB, being reshaped by the stories arising from next generations’ entry into the business (reflexivity). While the FB identity reflects that of the owners, this identity is enduring but dynamic (temporality), not only shaped by the business family behind, but also conditioned by the environment. Originality/value The authors contribute to the growing literature adopting a narrative method to study phenomena in FBs. Thanks to the richness of the empirical material, a narrative method is particularly suited – and novel – for understanding collective identity, a crucial organizational resource that is closely linked to leadership in the FB.

The F–PEC Scale of Family Influence: Construction, Validation, and Further Implication for Theory

2005 ◽  
Vol 29 (3) ◽  
pp. 321-339 ◽  
Author(s):  
Sabine B. Klein ◽  
Joseph H. Astrachan ◽  
Kosmas X. Smyrnios
Keyword(s):  
Competitive Advantage ◽  
Family Business ◽  
Theory Development ◽  
Three Dimensions ◽  
Family Influence ◽  
Factor Analytic ◽  
Confirmatory Factor ◽  
The Family ◽  
The Impact

For a solution to the family business definition dilemma, we propose the application of a scale that assesses the extent and the quality of family influence via the measurement of three dimensions: Power, Experience, and Culture. The Family Influence on Power, Experience, and Culture (F–PEC) scale is tested rigorously, utilizing a sample of more than 1,000 randomly selected companies, through the application of exploratory and confirmatory factor analytic techniques. The scale demonstrates high levels of reliability. F–PEC has been applied in a number of studies, contributing to theory development, particularly in terms of the impact of family influence on distinct resources, and as a source of competitive advantage.

scholarly journals Family Cohesion as a Longevity Factor of Business with Intergenerational Transmission

2014 ◽  
Vol 15 (4) ◽  
pp. 791-819 ◽  
Author(s):  
FCO. Javier Fernández-Roca ◽  
Jesús D. López-Manjón ◽  
Fernando Gutiérrez-Hidalgo
Keyword(s):  
Intergenerational Transmission ◽  
Family Business ◽  
Family Cohesion ◽  
Business History ◽  
Intergenerational Transfer ◽  
Critical Response ◽  
Original Plan ◽  
The Family ◽  
Business Family

This article contributes to a line of research in Business History that aims to determine the factors of family business longevity in the long term with the study of individual cases. The literature has identified family cohesion as one of the essential factors for survival. Cohesion may be reinforced or broken at the time of the intergenerational transfer. This study finds that a critical response on the part of the business family to the difficulties associated with intergenerational transfer of control, including modifications to the original plan, is usually based on trust between generations. Within the business family cohesion facilitates intergenerational transfers and, consequently, allows the family to evolve and transform itself into a business dynasty.

scholarly journals LIFE SATISFACTION AMONG PEOPLE AGED 60 AND OVER, PARTICIPATING IN RESTRICTED SOCIAL NETWORKS IN POLAND: RELATED VARIABLES

2015 ◽  
Vol 67 (1) ◽  
pp. 29-39
Author(s):  
Agnieszka Kozerska
Keyword(s):  
Quality Of Life ◽  
Social Networks ◽  
Life Satisfaction ◽  
Informal Learning ◽  
The Elderly ◽  
The Social ◽  
The Family ◽  
High Level ◽  
Difficult Situations

From the perspective of adult education, the engagement of older people in developing relationships with other people is related to their learning and creating their identities. The research conducted in the areas of various countries shows a relationship between a social participation of seniors and their well-being. Moreover, participation in rich social networks, composed of many people, coincides with a high quality of life. The article focuses on senior citizens functioning in restricted networks (less numerous social networks, consisting of several people).The study is to serve three purposes: firstly, to identify determinants of a subjective assessment of own life of senior citizens living in restricted networks; secondly, to analyse a relationship between seniors’ subjective, general assessment of life and their opinion on what determines a successful and happy life; thirdly, to analyse the relationship between seniors’ subjective, general assessment of life and the ways they handle problematic situations. The analysis has been conducted on the basis of the data collected in 2013, available to the general public on www.diagnoza.com. The data was collected within the Social Diagnosis (Diagnoza społeczna) project. The objective of the Social Diagnosis is an investigation of the conditions and quality of life in Poland. It is based on panel research. A questionnaire has been used as a research tool. The article presents information regarding 5623 individuals, aged 60+functioning in restricted social networks in Poland. The Mann-Whitney U test and the two proportions test helped to analyse the differences between variable distributions. The results show that a poor social life of the elderly does not have to be linked with a feeling of loneliness. The group of individuals with a high level of general satisfaction is more satisfied with a relationship with the family (especially children) than the group with a low level of life satisfaction. The analysis confirms that good relationships with family and friends are an important predictor of life satisfaction of the elderly. Health is considered to be a condition of a successful life by seniors with a high level of life satisfaction, as well as relationships with close family members: with children and a spouse. This group of respondents shows more confidence in other people, by whom they feel loved and confided in. In difficult situations people with a high level of life satisfaction turn to others for help, but they also act themselves. Seniors with a low level of satisfaction differ from the previous group in these terms. These are people who do not feel confided in by others and they also hardly ever turn to others for help. In difficult situations they are more often passive. In conclusion, the author highlights the significance of informal learning occurring in families to enhance older people’s quality of life. It is important, especially in case of poorly educated persons with low incomes who often function in small social networks. Key words: informal learning in the family, life satisfaction of older adults, social participation of seniors.

Building Multitemporal Awareness and Reflexivity in Family Business: A Visual Sensemaking Exercise

2020 ◽  
pp. 251512742092138
Author(s):  
Vincent Lefebvre ◽  
Miruna Radu-Lefebvre ◽  
William B. Gartner ◽  
Jean Clarke
Keyword(s):  
Family Business ◽  
Family Members ◽  
Learning Activity ◽  
Executive Education ◽  
Visual Narrative ◽  
Group Setting ◽  
The Family ◽  
Multigenerational Family ◽  
Education Courses ◽  
Business Family

This article presents an exercise designed for successors and other business family members with the aim to enable them to communicate their understandings of their family and family business’ past legacies and to express their future-related projections. First initiated in France in 2014, then duplicated in United States in 2019, the exercise has been used in undergraduate, graduate, and executive education courses, with national and international cohorts. While the exercise has typically focused on classes composed of successors, it has also been used in executive education courses with business family members from older and younger generations. The learning activity asks participants to draw three consecutive images of their family business—past, present, and future—to develop a visual narrative of the family and family business legacies and future. Participants are then invited to tell the story of their family business and to depict its imagined future using the three drawings as guides, within the group setting. This visual sensemaking exercise enables participants to access tacit modes of relating to past legacies and contributes to developing multitemporal awareness and reflexivity in multigenerational family businesses.

scholarly journals Variation in the β-endorphin, oxytocin, and dopamine receptor genes is associated with different dimensions of human sociality

2017 ◽  
Vol 114 (20) ◽  
pp. 5300-5305 ◽  
Author(s):  
Eiluned Pearce ◽  
Rafael Wlodarski ◽  
Anna Machin ◽  
Robin I. M. Dunbar
Keyword(s):  
Social Networks ◽  
Dopamine Receptor ◽  
Social Relationships ◽  
Well Being ◽  
Reproductive Fitness ◽  
Dyadic Relationships ◽  
Social Domain ◽  
Different Dimensions ◽  
Dopamine Receptor Genes

There is growing evidence that the number and quality of social relationships have substantial impacts on health, well-being, and longevity, and, at least in animals, on reproductive fitness. Although it is widely recognized that these outcomes are mediated by a number of neuropeptides, the roles these play remain debated. We suggest that an overemphasis on one neuropeptide (oxytocin), combined with a failure to distinguish between different social domains, has obscured the complexity involved. We use variation in 33 SNPs for the receptor genes for six well-known social neuropeptides in relation to three separate domains of sociality (social disposition, dyadic relationships, and social networks) to show that three neuropeptides (β-endorphin, oxytocin, and dopamine) play particularly important roles, with each being associated predominantly with a different social domain. However, endorphins and dopamine have a much wider compass than oxytocin (whose effects are confined to romantic/reproductive relationships and often do not survive control for other neuropeptides). In contrast, vasopressin, serotonin, and testosterone play only limited roles.

scholarly journals Contextualizing employment outcomes in family business research: current findings and future research avenues

2021 ◽  
Author(s):  
Stefano Amato ◽  
Rodrigo Basco ◽  
Nicola Lattanzi
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Employment Outcomes ◽  
Future Research ◽  
Firm Level ◽  
The Family ◽  
Aggregate Effect ◽  
Level Of Analysis

AbstractThe empirical evidence of family business phenomenon in terms of employment outcomes is contradictory highlighting the micro–macro gap in the existing research. To address this contradiction, our study disentangles the role of context in family firms’ employment outcomes. To do so, we conduct a systematic literature review of 67 articles focusing on three employment-related outcomes—namely, growth, downsizing, and quality of labour—published in peer-reviewed journals from 1980 to 2020. Based on a two-by-two framework to classify this extant research, we unpack what we know about family firms and employment outcomes and where we can go from here. We highlight three main findings. First, current research is context-less since has mainly focused on the firm level in one context (i.e., region or country) and there is a lack of studies comparing family firms’ employment outcomes in different contexts and explicitly measuring the effects of contextual dimensions on family firms’ employment outcomes. This context-less approach could explain the conflicting results and lack of theoretical predictability about the family effect on employment across contexts. Second, the lack of understanding of the context in which family firms dwell highlights the need for future research to focus on context by theorizing about employment outcomes—that is, measuring context and its interactions with family- and job-related variables. Third, there is a need to further explore, analyse, and theorize on the aggregate effect of family firms on employment outcomes at different level of analysis (e.g., local, regional, and national).

scholarly journals Estrategias para una sucesión exitosa en la empresa familiar

2017 ◽  
Vol 4 (8) ◽  
Author(s):  
M. E. García
Keyword(s):  
Family Business ◽  
Point Of View ◽  
Business Manager ◽  
Business Managers ◽  
Open Communication ◽  
Compensation Management ◽  
The Family ◽  
Power Change ◽  
Business Family ◽  
Partial Retirement

Key words: Family business, family counsoul, partial retirement, succession in family businessAbstract. This study has the objective to propose a group of strategies to help the Family Business Manager to solve the succession problems; by using these strategies the family business can conquer a transition power that creates the most wealth posible to the business and to the familiy. This study is presented as a descrptive research, with basis on the most recently research about succession problems on family business. The Familiy Business Managers who want that business still belongs to familiy have the obligation of developing asuccession plan that allows the company continue being competitive when family business manager leaves the company. The strategies included in this study must be promoted by the Family Business Manager who must take care of leading the directive team to sucessuful power change. The strategies proposed in this study are: Creating a Family Business Conseil; Choosing the succesor from an analitical point of view; Get pschicologist support in the succesion period; To create a Business Society; Partial Retirement of Director; Anadequate compensation management; Open communication among all the members; and a provisional management.Palabras Claves: Consejo familiar, empresa familiar, retiro parcial, sucesión en la empresa familiarResumen. El objetivo del estudio es proponer un conjunto de estrategias para ayudar a los Directores de Empresas Familiares a solucionar los problemas relacionados con la sucesión. Mediante el uso de estas estrategias clave las empresas familiares pueden lograr una transición de poder que genere la mayor riqueza posible para el negocio y para la familia. El presente estudio se plantea como una investigación de carácter descriptiva, basada en las investigaciones mas recientes sobre la problemática de la sucesión en la empresa familiar.Los Directores de las Empresas Familiares que desean que el negocio siga perteneciendo a la familia tienen la obligación de desarrollar un plan de sucesión que permita a la organización seguir siendo competitiva cuando el Director abandone la empresa. Las estrategias presentadas en este estudio deben ser promovidas por el Director de la Empresa Familiar quien debe encargarse de dirigir a su equipo directivo rumbo al éxito en la transición  de poder. Las estrategias propuestas en este estudio son: La creación de un Consejo Familiar; la elección analítica del sucesor; solicitar asesoría psicológica durante el periodo de sucesión; la formación de una Sociedad de Negocio; el Retiro Parcial del Director; un manejo adecuado de las compensaciones; la implementación de una estructura de comunicación abierta y la planeación de una administración interina. 

Sign in / Sign up

Export Citation Format

Share Document