scholarly journals Professionalising Indian Family Firms: An Analysis of the Role of HR—Current Reality and Future Perspectives

2020 ◽  
Vol 13 (1) ◽  
pp. 25-37
Author(s):  
Tulsi Jayakumar
Keyword(s):  
Control Systems ◽  
Family Firms ◽  
Critical Role ◽  
Family Businesses ◽  
Exploratory Research ◽  
Future Perspectives ◽  
Term Survival ◽  
Indian Family ◽  
Current Reality

A critical challenge in the long-term survival and growth of family businesses is the adoption of professionalisation. The latter itself, when viewed as a multi-dimensional construct, would involve a critical role assigned to HR and HR control systems. This article then seeks to undertake an exploratory research to understand the current reality and the future perspectives of professionalisation in Indian family businesses through the lens of HR and HR control systems. Six caselets explore the experiences of six representative family businesses with regard to their professionalisation journey. The article finds that while the next-generation views professionalisation as imperative for scaling up, HR is still in its infancy stage in these Indian family firms. This would have ramifications for the outcomes of such professionalisation. The article concludes that HR would need to be assigned the role of a regenerative function, rather than a back-end administrative role that seems to be the current reality.

Entrepreneurship and Innovation in Latin American Family Firms

2017 ◽  
pp. 497-516
Author(s):  
Verónica Baños-Monroy ◽  
Edgar Ramírez-Solís ◽  
Lucia Rodríguez-Aceves
Keyword(s):  
Latin American ◽  
Family Firms ◽  
Family Businesses ◽  
Policy Implications ◽  
American Family ◽  
Secondary Sources ◽  
Main Driver ◽  
Global Entrepreneurship

This chapter examines the role of entrepreneurship and innovation in the development of family businesses in Latin America. The socio-economic dynamics of such region is an interesting field for research, mainly because: it is a major manufacturing hub with growing importance in retail; it experienced a huge economical shift in the last ten years causing the growth of the middle class (an increase of 50 million people); family firms in the region are the main driver of growth and employment. The authors focused the analysis on Mexico due to its singular characteristics, making it a representative example of the region. Based on secondary sources, a characterization of the entrepreneurship and innovation in family owned and managed firms in the region is reviewed. Moreover, based on the Global Entrepreneurship Monitor database, the authors present some recent data related with entrepreneurship levels in the region and its impact in terms of innovation. Finally, public policy implications are provided in order to encourage entrepreneurship and innovation in family businesses.

Passing on the legacy: exploring the dynamics of succession in family businesses in Pakistan

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Asma AbdulRahim Chang ◽  
Muhammad Shujaat Mubarik ◽  
Navaz Naghavi
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
Design Methodology ◽  
Family Firms ◽  
Family Members ◽  
Family Businesses ◽  
Content Type ◽  
Traditional Family ◽  
Interviewing Technique

PurposeBy taking the theory of entrepreneurial legacy as the baseline, this study explores the various aspects of succession planning in indigenous family businesses especially the role of female family members in succession and conflicts in family businesses.Design/methodology/approachThe study is qualitative in nature and adopts narrative inquiry to explore the aspects of succession planning. In doing so, the study utilizes an in-depth interviewing technique with nine participants who run their family-owned firms which are mostly in their second or third generation for analysis.FindingsThe findings are concurrent with the literature that indicates a lack of strategic succession planning although ordinary or natural succession does occur in some firms. The study also reports a lack of consideration for female members in succession, daughters in particular, for traditional family firms (FFs) in contrast to entrepreneurial FFs.Research limitations/implicationsThe study has many implications for family-owned firms in Pakistan as they need to align their family business with the theory of entrepreneurial legacy and its three strategic activities in order to ensure the longevity of their business.Originality/valueExploring how succession planning takes place in family indigenous family businesses and what is the role of female family members in succession and conflicts in family businesses are original contributions of this study.

Overcoming the Paternalistic Firm – Codetermined Family Businesses: A Paradox? Comparing Cases from Sweden and Germany

2020 ◽  
Vol 31 (4) ◽  
pp. 420-443
Author(s):  
Börje Boers
Keyword(s):  
Family Firms ◽  
Family Businesses ◽  
Comparative Case Study ◽  
Interpretive Case Study ◽  
The Family ◽  
Different Types ◽  
The Board Of Directors ◽  
Works Council

The purpose of this comparative case study is to understand codetermination in two family firms. Thereby, this study aims at exploring the role of employee-representatives in two non-listed family businesses. Empirically, this study draws on an interpretive case study of two family businesses. Its findings extend earlier research, by exploring and introducing the phenomenon of codetermination in the family business literature. Codetermination is explored with the perspective of paternalism as analytical lens. Theoretically, the study draws on the control-collaboration paradox which helps understanding the phenomenon of codetermination. The study reveals different types of codetermination, i.e., the works council and the board of directors. The implications of these types are highlighted and discussed. Findings highlight the need for professional governance structures in order to facilitate cooperation between family owners, the management, and employee representatives. Professional governance allows handling the paternalistic ideological underpinnings which can otherwise prevent continued firm success, leading to unsolved conflicts.

scholarly journals Staphylococcus aureus ClpC Is Required for Stress Resistance, Aconitase Activity, Growth Recovery, and Death

2005 ◽  
Vol 187 (13) ◽  
pp. 4488-4496 ◽  
Author(s):  
Indranil Chatterjee ◽  
Petra Becker ◽  
Matthias Grundmeier ◽  
Markus Bischoff ◽  
Greg A. Somerville ◽  
...  
Keyword(s):  
Staphylococcus Aureus ◽  
Stationary Phase ◽  
Critical Role ◽  
Tca Cycle ◽  
Term Survival ◽  
Phase Recovery ◽  
Growth And Survival ◽  
Aconitase Activity

ABSTRACT The ability of Staphylococcus aureus to adapt to various conditions of stress is the result of a complex regulatory response. Previously, it has been demonstrated that Clp homologues are important for a variety of stress conditions, and our laboratory has shown that a clpC homologue was highly expressed in the S. aureus strain DSM20231 during biofilm formation relative to expression in planktonic cells. Persistence and long-term survival are a hallmark of biofilm-associated staphylococcal infections, as cure frequently fails even in the presence of bactericidal antimicrobials. To determine the role of clpC in this context, we performed metabolic, gene expression, and long-term growth and survival analyses of DSM20231 as well as an isogenic clpC allelic-replacement mutant, a sigB mutant, and a clpC sigB double mutant. As expected, the clpC mutant showed increased sensitivity to oxidative and heat stresses. Unanticipated, however, was the reduced expression of the tricarboxylic acid (TCA) cycle gene citB (encoding aconitase), resulting in the loss of aconitase activity and preventing the catabolization of acetate during the stationary phase. clpC inactivation abolished post-stationary-phase recovery but also resulted in significantly enhanced stationary-phase survival compared to that of the wild-type strain. These data demonstrate the critical role of the ClpC ATPase in regulating the TCA cycle and implicate ClpC as being important for recovery from the stationary phase and also for entering the death phase. Understanding the stationary- and post-stationary-phase recovery in S. aureus may have important clinical implications, as little is known about the mechanisms of long-term persistence of chronic S. aureus infections associated with formation of biofilms.

Biochemical control systems operating in the early hours of germination

1983 ◽  
Vol 61 (12) ◽  
pp. 3568-3577 ◽  
Author(s):  
Daphne J. Osborne
Keyword(s):  
Dna Repair ◽  
Nucleic Acids ◽  
Control Systems ◽  
Critical Role ◽  
Genetic Integrity ◽  
Biochemical Control

This review describes very early biochemical events during imbibition in seeds. It considers the control systems that regulate the production of nucleic acids and proteins when the dry seed first imbibes water. During the ageing of embryos in the dry state, DNA is progressively fragmented with an accumulation of single-stranded breaks. The critical role of DNA repair early in imbibition is considered in the context of genetic integrity of the nuclear template and successful germination.

scholarly journals Storage Media – A review

2019 ◽  
Vol 1 (5) ◽  
Author(s):  
Soundarya Vishwanathan ◽  
Nandan N. ◽  
Sunil Raj N ◽  
Anitha C ◽  
Manjushree Rajappa
Keyword(s):  
Critical Role ◽  
Informed Choice ◽  
Good Prognosis ◽  
Favourable Outcome ◽  
Term Survival ◽  
Storage Media ◽  
Pdl Cells ◽  
Management Protocol

Management protocol for avulsed teeth includes the maintenance of viable periodontal ligament (PDL) cells for good prognosis and long-term survival of these teeth. The desirable treatment is immediate replacement and replantation of the avulsed tooth but it cannot always be accomplished for a number of reasons. Thus, the tooth should be transported in a suitable storage medium to maintain the cell viability. Considering the critical role of these media, an informed choice of a suitable medium is essential for a favourable outcome. This review paper focuses on the various storage media available and highlights their specific features or drawbacks.

scholarly journals My Forty Years in Studying and Helping Family Businesses

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Gibb Dyer
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Businesses ◽  
Theory And Practice ◽  
The Past ◽  
Family Capital ◽  
The Family ◽  
The Impact

This article will describe the trends in the field of family business over the past forty years in terms of theory and practice. Topics such as succession, consulting with family businesses, the effectiveness of family firms, the role of socio-emotional wealth in family firms, heterogeneity in family businesses, and the impact of family capital on the business and the family will be discussed.

Retrenchment Strategies and Family Involvement: The Role of Survival Risk

2018 ◽  
Vol 32 (1) ◽  
pp. 58-75 ◽  
Author(s):  
Jose C. Casillas ◽  
Ana M. Moreno-Menéndez ◽  
José L. Barbero ◽  
Eric Clinton
Keyword(s):  
At Risk ◽  
Family Involvement ◽  
Empirical Data ◽  
Family Firms ◽  
Stock Exchange ◽  
Family Businesses ◽  
Board Members ◽  
Spanish Stock Exchange ◽  
Survival Risk

This article analyzes retrenchment strategies that family businesses adopt during periods of crisis. From a socioemotional wealth perspective, we propose that the influence of family board members and family CEOs on retrenchment depends on survival risk. We collected empirical data from companies on the Spanish Stock Exchange (2008-2012). Our findings reveal that family involvement intensifies retrenchment when performance is declining, and that retrenchment intensifies when survival is at risk. We also demonstrate that family firms are able to implement retrenchment measures when required to improve their performance.

scholarly journals Family generation, leadership, and performance: The role of outside directors in Indian family firms

2010 ◽  
Vol 8 (1) ◽  
pp. 646-661 ◽  
Author(s):  
Shireenjit Johl ◽  
Beverley Jackling ◽  
Mahesh Joshi
Keyword(s):  
Emerging Economies ◽  
Family Firms ◽  
Outside Directors ◽  
Corporate Leadership ◽  
Indian Family ◽  
Developed Economies ◽  
Founding Family ◽  
And Performance ◽  
Governance Reforms

This paper addresses the presence of outside directors in family firms in India examining the generation of the firm and years of operation. Aspects of corporate leadership such as family member as CEO, as well as the CEO’s role in a founding family firm, are considered in relation to financial performance. The findings show that outside directors do not significantly increase firm performance of family firms demonstrating their ineffective monitoring role. Contrary to studies from developed economies, more established family businesses in India outperform founding firms. Overall the study demonstrates that corporate governance issues related to Indian family firms differ from the findings from more developed economies. This finding has implications for further governance reforms in emerging economies.

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