scholarly journals The Analysis of Barriers in Succession Processes of Family Business with the Use of Grey Incidence Analysis (Polish Perspective)

2016 ◽  
Vol 62 (2) ◽  
pp. 33-41
Author(s):  
Ewa Więcek-Janka ◽  
Rafał Mierzwiak ◽  
Joanna Kijewska
Keyword(s):  
Qualitative Research ◽  
Family Business ◽  
Family Firms ◽  
Small Samples ◽  
Grey Systems Theory ◽  
Succession Process ◽  
Incidence Analysis ◽  
New Generation ◽  
Succession Processes ◽  
Empirical Material

Abstract The article presents results of research on the identification and evaluation of barriers faced by successors in family businesses during the first process of succession. The analysis of empirical material used grey systems theory, which was considered as an equivalent for the analysis of small samples and qualitative research. While conducting the literature review and empirical study, the authors concentrated on (a) the identification of barriers in the development of family firms and (b) eliciting the perspective of the new generation of owners in family firms entering the succession process through an empirical analysis of the assessed level of risk in relationships with family and business.

scholarly journals Strategies for family business professionalization in the gastronomic field

2016 ◽  
Vol 9 (1) ◽  
pp. 95
Author(s):  
Madelon Xavier Kuss ◽  
Luis André Wernecke Fumagalli
Keyword(s):  
Qualitative Research ◽  
Multinational Corporations ◽  
Family Business ◽  
Fast Moving ◽  
Family Firms ◽  
Implementation Strategies ◽  
Central Idea ◽  
Long Time ◽  
Succession Process

In a market highly competitive and fast-moving, professionalization has become a sine qua non for the survival of the business. To stand out among thousands of businesses, family firms need to implement processes and add tools that have been applied for a long time in large and multinational corporations. The central idea of this study is to expose the reality of a family company, its strengths and challenges to maintain a healthy relationship between the members and the business, as well as the acceptance of implementation strategies in the succession process. Although sometimes the circumstances may seem difficult, there is always time to change. As regards the methodology, the research was exploratory and the procedure adopted was the case study conducting a qualitative research.

Stakeholder Perceptions of Culture and Management Practices in Family and Family Firms - A Preliminary Report

1997 ◽  
Vol 10 (2) ◽  
pp. 135-155 ◽  
Author(s):  
Ernesto J. Poza ◽  
Theodore Alfred ◽  
Anil Maheshwari
Keyword(s):  
Family Business ◽  
Preliminary Report ◽  
Family Firms ◽  
Management Practices ◽  
Family Businesses ◽  
Family Ownership ◽  
Business Culture ◽  
Stakeholder Perceptions ◽  
Communication Processes ◽  
Succession Processes

The research reported here represents part of an on-going project. Family businesses participating in the Partnership with Family Business at the Weatherhead School of Management, Case Western Reserve University, completed questionnaires that explored family and business culture and practices. The completed questionnaires show that CEOs generally perceived the practices, cultures, and succession processes more favorably than both other family members and non-family managers. The questionnaires indicate important relationships between family and family-firm cultures, suggesting the importance of intervention approaches that address the whole system of family and business. Non-family managers' perceptions of family firms differ, posing challenges to the full1 utilization of their capabilities. Age is significant in explaining some of the differences in perceptions within and between family and non-family respondents. Finally, responses indicate that planning practices, communication processes, and the use of boards are influenced by family ownership and are positively related to some features of firm andqor family.

GENERATIONAL SUCCESSION: EXAMPLES FROM TUNISIAN FAMILY FIRMS

2009 ◽  
Vol 17 (02) ◽  
pp. 127-145 ◽  
Author(s):  
SALMA FATTOUM ◽  
ALAIN FAYOLLE
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Empirical Investigation ◽  
Developed Countries ◽  
Generational Change ◽  
The Family ◽  
Succession Process ◽  
Generational Succession ◽  
Methodological Aspects ◽  
Tunisian Family

The family character gathers firms whose weight in the economic activity of countries is considerable for developed countries as well as for the others. However, this type of firm is exposed to not only the threats that challenge all types of firms but they must also face dangers related to their family nature. Several American and European studies were interested in the succession issues associated with family businesses. However, this topic received very little theoretical and empirical investigation in developing countries. In Tunisia, the push in favor of private firms was given in the 60s. Nearly 50 years later, those entrepreneurs who had received state aid to start their businesses are about to retire. How is this dealt with? How is succession "guaranteed"? Hard as it may be to speculate on the outcome of this succession, can we at least describe its phases first and then consider the factors that could have an impact on it? These central questions to Tunisia's economy have yet to be answered academically. Our aim, in this paper, is to improve our understanding of the nature of the relation between the founder and his successor during the process of succession in the Tunisian family business while proposing reflections to be carried out to make a success of this generational change. Our paper is organized as follows. The first part will be an analysis of the literature on family firms and the succession process. In the second part, we will introduce the methodological aspects of our study, which was conducted on six Tunisian family firms at different stages of the succession process. In the third part, we will present and discuss the results.

scholarly journals Intergenerational Familial Ambidexterity in Polish Family Firms

2020 ◽  
Vol 28 (4) ◽  
pp. 107-133
Author(s):  
Piotr Preciuk ◽  
◽  
Ewa Wilczyńska ◽  
Keyword(s):  
Mental Models ◽  
Family Business ◽  
Knowledge Creation ◽  
Family Firms ◽  
Young Generation ◽  
Organizational Ambidexterity ◽  
New Knowledge ◽  
Active Interest ◽  
Working Together ◽  
Empirical Material

Purpose: To explore how the predecessors and successors of Polish family businesses use and refine existing knowledge, identify knowledge deficiencies or absences, and create new knowledge during the working together stage. Methodology/approach: The article builds on qualitative empirical material gathered in 2018 and 2019 with a problem-centered interview approach aiming to capture the complex and potentially diverging realities of both generations. Altogether, 48 preliminary interview questionnaires were completed and, subsequently, 46 interviews were conducted. Findings: The study captured that the use of existing knowledge during the Working Together period is significantly supported by the fact that the old and young generation share several unarticulated beliefs, mental models, and behaviors. However, the identification of knowledge gaps and the creation of new knowledge are heavily hindered by the fear of confrontation and only declarative – instead of active – interest of the older generation in creating new knowledge. Originality/value: The article bridges the gap between the literature on organizational ambidexterity and family business by empirically investigating the intergenerational dynamics of owners’ families regarding knowledge creation. Moreover, we introduce the concept of intergenerational familial ambidexterity.

Heurigen 2.0

2021 ◽  
pp. 154-177
Author(s):  
Lara Soleder
Keyword(s):  
Family Firms ◽  
New Technologies ◽  
Social Changes ◽  
Open Communication ◽  
Transition Processes ◽  
Wine Making ◽  
Small Family ◽  
Succession Process ◽  
Succession Processes ◽  
Customer Demands

Traditional Heurigen and Buschenschenken have been an important part of Austrian culture for centuries and are mostly run as small family firms. In those businesses, succession is inevitable. Several factors are key for the success of transition processes within a family. Traditional concepts are confronted with digitalization, new technologies, new demand, and social changes. For the chapter at hand, incumbents and heirs of four wine making and Heurigen businesses in the Northern Burgenland were interviewed. Its aim is to investigate the perception of the succession process itself as well as the risk of implementing innovations into traditional concepts. This study shows that innovations are directed by natural circumstances rather than customer demands. The owners rely on traditional concepts with incremental changes to keep customers attracted. Thanks to trust, open communication, and succession processes that spread over long periods of time, neither generation thinks of the handover as problematic.

La comunicazione come fattore strategico nell'azienda familiare

2009 ◽  
pp. 153-171
Author(s):  
Walter Zocchi
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Minor Importance ◽  
Business Decision ◽  
Two Generations ◽  
Managerial Implications ◽  
The Common ◽  
Succession Process ◽  
The Difference

- The succession process, is one of the main themes of Family Business. The literature widely analysed this topic through the identification of the factors that characterized successful intergenerational transfers. This research, on the contrary, wants to go further the common rationalization of assets, governance and the successor's experiences and knowledge, analysing elements usually considered of minor importance but that, in our opinion can make the difference becoming strategic elements. In particularly, will be deepened the role of communication in the passage of the business to the next generation. Beginning with the examination of the literature, this essay aims to give a theoretical framework to better understand the results of an empirical study - on a representative sample of Italian family firms - which main aim was to study the organizational and managerial implications caused by the presence two generations of entrepreneurs and the role of communication in business decision processes.

Determinants of Initial Satisfaction with the Succession Process in Family Firms: A Conceptual Model

2001 ◽  
Vol 25 (3) ◽  
pp. 17-36 ◽  
Author(s):  
Pramodita Sharma ◽  
James J. Chrisman ◽  
Amy L. Pablo ◽  
Jess H. Chua
Keyword(s):  
Conceptual Model ◽  
Family Business ◽  
Family Firms ◽  
Test Model ◽  
Leadership Succession ◽  
Economic Theories ◽  
The Core ◽  
The Family ◽  
Succession Process ◽  
Practical Implications

Leadership succession continues to form the core of the family business literature. Numerous studies have suggested factors that influence family members' initial satisfaction with the succession process, but this body of work is highly fragmented and lacks a unifying framework. In this paper, we draw on stakeholder theory and other organizational, behavioral, and economic theories to develop a conceptual model that integrates the findings from the literature. The research and practical implications of this integrative, ready-to-test, model are discussed.

scholarly journals The Uniqueness of Family Firms

2010 ◽  
Vol 2 (1) ◽  
pp. 36-56
Author(s):  
Harijono Harijono
Keyword(s):  
Decision Making ◽  
Qualitative Research ◽  
Family Business ◽  
Family Firms ◽  
Incentive Structure ◽  
Incomplete Contract ◽  
Business Investment ◽  
Family Control ◽  
Quantitative And Qualitative Research ◽  
Corporate Decisions

This study focuses on family business theory from two theories of the firm perspectives: the incomplete contract and the agency perspectives. It shows that families represent a special class of large shareholders that potentially have a unique incentive structure and power in the firm. The unique characteristics of family firms potentially make their performance and their corporate decisions making different from those of non-family firms. The empirical evidences tend to support this argument. However, further quantitative and qualitative research to establish the relations between family control and several aspects of corporate decision making in different institutional and cultural settings remains to be done. Keywords: Agency, Control, Cultural, Family Business, Investment, Shareholders

A Values-Based Explanation of the Resilience of Family Firms: Evidence from Tunisia After the 2011 Jasmine Revolution

2020 ◽  
Vol 28 (03) ◽  
pp. 223-261
Author(s):  
Amira Hammouda ◽  
Sami Basly
Keyword(s):  
Qualitative Research ◽  
Family Business ◽  
Family Firms ◽  
Family Values ◽  
Community Values ◽  
Business Values ◽  
Oriental Country ◽  
Unique Context ◽  
Tunisian Family

While the goals of long term sustainability and survival were thoroughly studied in family firms’ literature, to the best of our knowledge, rare studies had investigated the influence of values on the capacity of family firms to be resilient. In addition, this likely relationship is highly contingent on cultural and national contexts, as family values – on which family business values are dependent – are not the same across countries and World regions. These theoretical and empirical gaps motivated the present research which aims at investigating the probable influence of family firms’ values on the resilience of these firms in the unique context of Tunisia. This qualitative research is based on a body of discourse collected from nine managers belonging to five Tunisian family businesses. Our research allowed us to highlight some key family business values in a new underexplored setting that is an oriental country with a culture driven by Islamic and Arab values. More importantly, our analysis shows that family values underlie both community and business values. Finally, our results underscore the importance of business values, community values and family values in the resilience of the firms studied.

Chiefdoms and Family Firm Regimes: Variations on the Same Anthropological Themes

1996 ◽  
Vol 9 (1) ◽  
pp. 15-27 ◽  
Author(s):  
Elizabeth D. Rogers ◽  
Alan L. Carsrud ◽  
Norris F. Krueger
Keyword(s):  
Organizational Support ◽  
Family Firms ◽  
Field Research ◽  
Family Firm ◽  
Theoretical Concept ◽  
Research Literature ◽  
Anthropological Perspective ◽  
Modern Family ◽  
Succession Process ◽  
Succession Processes

Family owned and managed firms exhibit remarkable parallels to pre-industrial chiefdoms because the typical economic environment in which they exist limits them to a size and scale equivalent to that of a chiefdom. Using anthropological research this study inventories all known procedures of accommodating multiple heirs to the paramountcy of pre-industrial chiefdoms. It uses this exhaustive inventory to characterize the succession process in modern family owned and managed firms. The major theoretical concept adopted from anthropology is that of polity, defined as an autonomous system of institutional finance and organizational support (resource control and governance). Using terms such as polity helps us to recognize the universality of succession processes. Succession processes in family firms are less idiosyncratic than we once thought. Thus, we can fruitfully explore structural similarities between pre-industrial organizations and modern family firms using the considerable body of field research literature on chiefdoms (Goody, 1958; Barrett, 1965) which finds that every scheme to accommodate multiple successors falls into one of two categories: (a) personnel strategies and (b) asset strategies. A second critical concept is that while it is possible to inventory all possible outcomes (here, succession strategies) in any dynamic system, no single outcome can be accurately predicted in advance. The purpose of this paper is to provide an exhaustive inventory of possible outcomes of the succession process, rather than trying to predict the strategy chosen in a given case. The anthropological perspective provides a much-needed, empirically based, comprehensive model of succession processes in family firms and permits a more nomothetic approach to family firm research.

Sign in / Sign up

Export Citation Format

Share Document