scholarly journals Impact of Gender, Age and Management Style on the Success of Family Business in Kosovo

2019 ◽  
Vol 8 (5) ◽  
pp. 153
Author(s):  
Rifat Hoxha ◽  
Hamdi Hoti
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Family Business ◽  
Business Management ◽  
Female Gender ◽  
Doctoral Dissertation ◽  
Family Businesses ◽  
Management Style ◽  
Raising Awareness ◽  
And Performance

Family business is the most contributing category in the economic development of all countries. Both Developed and Developing Countries and Less Developed Family Business plays an important role in reducing unemployment and is a catalyst for developing creative ideas and innovations in all business activities. In this paper we will address some of the characteristics of managers of this business category, such as their gender, age, and style of management, and their impact on the development and growth of these businesses' performance. The paper is part of the survey conducted by the survey of over 300 family businesses in Kosovo and was used by the author for the preparation of doctoral dissertation. This paper is fulfill from the survey which is realized with professors of Economic field in University of Prizren “Ukshin HOTI” in Prizren. From those finding results of research we give some modest recommendations and it’s more raising awareness especially business management from female gender as an opportunity to duplicate the potential for a development and performance of those business. This is based on the fact that the more thought we have, the more ideas come about how we can manage a family business with contemporary style, without a gender or age complex, which can guarantee success not only in our country , but to become competitive and penetrate the markets of the most developed countries.Keywords: Family business, Gender, Age, Management style

Professional Management in Family Businesses: Toward an Extended Understanding

2008 ◽  
Vol 21 (1) ◽  
pp. 51-69 ◽  
Author(s):  
Annika Hall ◽  
Mattias Nordqvist
Keyword(s):  
Cultural Competence ◽  
Family Business ◽  
Cultural Theory ◽  
Business Management ◽  
Family Businesses ◽  
Business Research ◽  
Dominant Meaning ◽  
Case Research ◽  
Professional Management ◽  
Family Membership

Our purpose is to challenge the dominant meaning of professional management in family business research and to suggest an extended understanding of the concept. Based on a review of selected literature on professional management and with insights from cultural theory and symbolic interactionism, we draw on interpretive case research to argue that professional family business management rests on two competencies, formal and cultural, of which only the former is explicitly recognized in current family business literature. We elaborate on the meanings and implications of cultural competence and argue that without it a CEO of a family business is likely to work less effectively, no matter how good the formal qualifications and irrespective of family membership.

Emotional dimensions of intra-family transmission: Moroccan Shipping, a team adrift

2014 ◽  
Vol 4 (5) ◽  
pp. 1-8
Author(s):  
Caroline Minialai ◽  
Gérard Hirigoyen
Keyword(s):  
Family Business ◽  
Family System ◽  
Business Management ◽  
Subject Area ◽  
Family Businesses ◽  
Management Tools ◽  
Content Type ◽  
Small Business Management ◽  
Governance Tools ◽  
Lead Users

Subject area Intergenerational transmission is a paramount managerial and patrimonial issue. Although planning and governance tools are being developed and spread in business, the handling of emotions often remains the key to a successful process. It is within the framework of the paternalistic Moroccan society that we are led to question the psychology and emotions of the stakeholders in the transmission of this small services business. Study level/applicability Masters students in Family Business, Management Science, Entrepreneurship, Small Business Management. Case overview After 19 years of existence, Moroccan Shipping is confronted at the beginning of 2010 to the issue of the sustainability of the family business. The founder directs his affair with an iron fist, and his sons, who were educated abroad, are determined not to get fooled. The father claims he wishes to be relieved from daily operations and handover part of his responsibilities to his second son. At the same time, the youngest doesn't feel like he fits in the present firm's configuration and is ready to quit. Expected learning outcomes This case study will lead users to work on several managerial dimensions of small family businesses in emerging economies. At first, the entrepreneur's traits might be highlighted, as they deeply affect the way the succession process may be handled. However, as the Middle East and North Africa (MENA) specificity, the Moroccan family system will be taken into consideration to better analyse both the incumbent and the successor behaviours. Management tools may then be discussed to help with the transfer of both power and ownership in family businesses. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.

Family business and value-added distribution: a socioemotional wealth approach

2017 ◽  
Vol 30 (1) ◽  
pp. 2-22 ◽  
Author(s):  
Jose Luis Gallizo ◽  
Cecilio Mar-Molinero ◽  
Jordi Moreno ◽  
Manuel Salvador
Keyword(s):  
Family Business ◽  
Value Added ◽  
Family Businesses ◽  
Management Style ◽  
Socioemotional Wealth ◽  
Content Type ◽  
Economic Agents ◽  
Share Prices ◽  
The Family ◽  
The Impact

Purpose Research has demonstrated that family businesses limit the goal of maximizing profits in exchange for maintaining control of the company and passing control to future generations. However, these decisions are not always shared by the stakeholders who are outside the family context, making tensions arise within the company that may affect profitability and the share prices of the family business. The purpose of this paper is to analyse the internal tensions in family businesses in the value-added (VA) distribution, and whether these tensions harm their performance as a result of the restrictions under which these companies operate. Design/methodology/approach A factor analysis has been used to measure the tension that results from VA distribution of a sample of 105 Spanish listed firms for the 2005-2012 period. A regression analysis has been used to study the impact of this tension on their share prices. Findings Results show that being a family business has a positive effect on the business tension factor and that returns and share prices are inversely related to tension factors. Thus, the authors conclude that the decision to maintain control over the family business threatens profitability and share prices. Social implications An analysis of distribution of VA in family businesses sheds light on whether or not the management in its decisions preserves its socioemotional wealth (SEW) generating tensions among its economic agents, affecting its profitability and continuity. This knowledge is important for company stakeholders and future investors. Originality/value This is the first study in which the value-added statement is used to analyse how the management style of firms, and especially family businesses, are seeking to preserve their SEW and internal tensions generated by them.

scholarly journals Family Business Transgenerational Continuity in Transition Economies: Towards a Conceptual Model

2013 ◽  
Vol 4 (2) ◽  
pp. 150-167
Author(s):  
Olga Štangej ◽  
Vida Škudienė
Keyword(s):  
Soviet Union ◽  
Conceptual Model ◽  
Transition Economies ◽  
Family Business ◽  
Former Soviet Union ◽  
Outcome Measurement ◽  
Family Businesses ◽  
And Performance ◽  
Business Succession ◽  
Family Business Succession

Within classification of emerging economies, Lithuania as part of the former Soviet Union belongs to the group of transition economies. In this paper, we discuss how theorizing leadership succession may contribute to the key strategic questions of succession arising among family businesses in transition economies. The purpose of this study is to revisit the phenomenon of family business succession and linkages among the goals of succession and performance measures of family business. Our study aims at providing three contributions to the current literature. First, it highlights the role of transgenerational continuity of family businesses in transition economies. Second, it revisits the concept of succession through identification of the third – leadership – dimension alongside management and succession. Third, it provides a conceptual model of family business succession outcome measurement and implications for further research.

“Micro” versus “small” family businesses: a multinational analysis

2015 ◽  
Vol 22 (3) ◽  
pp. 380-396 ◽  
Author(s):  
Robert N. Lussier ◽  
Matthew C. Sonfield
Keyword(s):  
Family Business ◽  
Financial Management ◽  
Small Firms ◽  
Family Businesses ◽  
Management Style ◽  
Small Enterprise ◽  
Content Type ◽  
Small Family ◽  
The Usa ◽  
Micro Level

Purpose – The purpose of this paper is to compare “micro” enterprise (0-9 employees) to “small” enterprise (10-49 employees) family businesses with regard to 12 important managerial characteristics in eight countries: Argentina, Croatia, Egypt, France, Kosovo, Kuwait, Serbia, and the USA (n=601). Design/methodology/approach – The research methodology was survey research. To statistical test 12 hypotheses, MANCOVA was run to compare differences between micro and small family business, while controlling for years in business. Findings – Six significant differences were: “small” firms are more likely to employ non-family member managers, are more likely to engage in the formulation of succession plans, are more likely to utilize outside advisory services, make greater use of sophisticated financial management methods, and have a more formal management style than “micro” firms; but the influence of the founder is greater in “micro” firms. Practical implications – For practitioners and consultants the findings of this study should enable family business owner/managers, and their advisors, to better understand the possible impacts of moving from a “micro” level to a “small” size level, and thus lead to more effective family business management. Originality/value – This research fills a gap in the literature, as there has been minimal prior research with the specific focus of comparing “micro” vs “small.” Thus, it develops a foundation for further study in this area.

Family Business Leaders’ Metaphors and Firm Performance: Exploring the “Roots” and “Shoots” of Symbolic Meanings

2020 ◽  
Vol 33 (2) ◽  
pp. 130-151
Author(s):  
Alessandra Tognazzo ◽  
Donald O. Neubaum
Keyword(s):  
Firm Performance ◽  
Family Business ◽  
Complex Dynamics ◽  
Family Businesses ◽  
Business Leaders ◽  
Attitudes And Behaviors ◽  
Italian Family ◽  
Interview Technique ◽  
Symbolic Meanings ◽  
And Performance

To investigate the complex dynamics when family members with differing perceptions and interpretations of reality jointly lead their family business, this research adopts an epistemic-operative interview technique using Morgan’s images of organization. We explore how family leaders’ root metaphors, which are symbolic frames that help understand individuals’ attitudes and behaviors, are linked to family businesses’ behavior and performance. Analyzing six Italian family hotels, we derive four structures of family symbolic meanings and explain how and why relationships and innovation are mechanisms through which firm performance is related and connected to the offshoots of the meanings of family leaders’ root metaphors.

scholarly journals Impact of National Culture on Governance and Management of Family Businesses: Australia Versus India

2020 ◽  
Vol 13 (1) ◽  
pp. 73-83
Author(s):  
Sudhir H. Kalé ◽  
David Harland ◽  
Ken Moores
Keyword(s):  
National Culture ◽  
Family Business ◽  
The United States ◽  
Family Businesses ◽  
Management Style ◽  
Social Unit ◽  
Succession Management ◽  
Societal Culture ◽  
The World ◽  
The Impact

A family is the primary social unit in which individuals are born and get acclimatised to societal culture. Most researches on family businesses are derived from frameworks developed in the United States or other Western societies. The premise of this article is that the way family businesses across the world are managed will vary drastically based on the culture of the society where these businesses operate. Using Australia and India as country examples, we apply Hofstede’s six dimensions of culture to formulate illustrative propositions highlighting the impact of culture on family business governance and management. These propositions are of particular significance to human resource management across areas of both governance and management, and concern, in particular, intergenerational matters associated with succession, management style, employment and developing next-generation leaders.

FOUNDER CENTRALITY, MANAGEMENT TEAM CONGRUENCE AND PERFORMANCE IN FAMILY FIRMS: A KENYAN CONTEXT

2008 ◽  
Vol 13 (04) ◽  
pp. 383-407 ◽  
Author(s):  
LOUISE KELLY ◽  
PETER M. LEWA ◽  
KINYUA KAMARIA
Keyword(s):  
Social Network ◽  
Firm Performance ◽  
Family Business ◽  
Family Firms ◽  
Negative Influence ◽  
Family Businesses ◽  
Management Team ◽  
Research Findings ◽  
And Performance ◽  
The Impact

Applying social network theory to family business, founder centrality has been generally shown to positively affect top-management-team congruence and, as a consequence, firm performance. This study applies social network and strategic leadership theory to an examination of founder centrality in family businesses. It focuses on family businesses in Kenya, and examines the impact of the founder's influence on management team congruence in the three strategic areas of culture, vision, and goals. The discussion considers the research findings in Kenya of a negative influence of founder centrality on management team congruence and firm performance. The study concludes with a presentation of some possible reasons for this dynamic in developing countries like Kenya, where family business is prevalent, and in which the founder plays a central role.

Family Business

2002 ◽  
Vol 3 (1) ◽  
pp. 75-76
Keyword(s):  
Economic Development ◽  
North America ◽  
East Asia ◽  
Family Business ◽  
Information Sources ◽  
Family Businesses ◽  
Chinese Family ◽  
South East Asia ◽  
The Usa ◽  
The Uk

‘Internet Review’ identifies relevant and useful Internet-based information sources and reviews Websites related to entrepreneurship and innovation. This issue's article reviews interesting Websites on family business. The greatest part of the wealth of the UK and the USA lies with manager-owned or family-controlled businesses. Family businesses comprise over 75% of all businesses in the UK and 80–90% of those in North America. Chinese family businesses also play a major role in the economic development of China and South-east Asia.

Review of differences between listed and unlisted family business research trends: a corporate governance context

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Edem M. Azila-Gbettor ◽  
Ben Q. Honyenuga ◽  
Robert Jan Blomme ◽  
Ad Kil
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Performance Studies ◽  
Family Businesses ◽  
Empirical Literature ◽  
Content Type ◽  
Financial Measures ◽  
Business Studies ◽  
And Performance ◽  
Definition Of

PurposeThis review assesses state of knowledge by critically comparing empirical literature on relationships between corporate governance and performance with regards to listed and unlisted family business.Design/methodology/approachThe study applies a systematic review approach to assess 159 corporate governance and performance studies on family business published in peer-reviewed journals between 2000 and 2016.FindingsResults from the review demonstrate heterogeneity in definition of family business, limited study of indicators of ownership and board dimensions of corporate governance in unlisted family businesses and over concentration on financial measures by listed family business studies. Possible solution was offered for potential research gaps.Originality/valueThis is the first review that comprehensively compares studies in listed and unlisted family business from the perspectives of corporate governance. Findings from this review may contribute to promoting research in corporate governance in the context of listed and unlisted family businesses.

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