scholarly journals SUCCESSION IN FAMILY BUSINESS AS A FACTOR OF SUSTAINABLE DEVELOPMENT OF SOCIETY IN CHINA

2019 ◽  
Vol 11 (2) ◽  
pp. 214-223
Author(s):  
Guoliang LI
Keyword(s):  
Family Business ◽  
Chinese Philosophy ◽  
Actual Problem ◽  
The Social ◽  
Professional Manager ◽  
The Family ◽  
Chinese Entrepreneurs ◽  
Business In China ◽  
The Stability ◽  
Succession In Family Business

Introduction. The article is devoted to the actual problem of the continuity of family business in China. Family as the smallest cell in society plays an important role for people, and the successful development of family business is significant for the stability of society.Methods. The article discusses four options for transferring a family business enterprise: to their only child, to several children, to a professional manager, and to the third generation of heirs.Results. The article presents the activities of effective education of the heirs of the family business, which are based on national traditions, Chinese philosophy, as well as human values.Conclusions. These activities are useful not only for Chinese entrepreneurs who are building a family business, but also for ordinary parents of any society. High-quality training for future generations: their upbringing and education, ultimately ensures the social sustainability of society.

Is socioemotional wealth being influenced by the intentions to pursue succession on incumbent owners? Empirical research on Mexican family business

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carlos Rafael Contreras-Lozano ◽  
Maria Virginia Flores-Ortiz ◽  
Ma. Del Carmen Alcalá-Álvarez
Keyword(s):  
Family Business ◽  
Structural Equation ◽  
Equation Modeling ◽  
Socioemotional Wealth ◽  
Content Type ◽  
The Social ◽  
The Family ◽  
Mexican Family ◽  
New Research ◽  
Structured Approach

PurposeThe authors identify the theoretical constructions measuring the intentions to pursue succession as well as the socioemotional wealth theoretical framework, and the authors propose an objective of testing the relationships existing between them so as their importance giving evidence of their relevance.Design/methodology/approachIt is a research with a positivist philosophical position measuring in a quantitative way with a deductive and structured approach applied to 98 CEO owners of Mexican companies, using nonparametric methodologies the authors simulated subsamples with structural equation modeling in SmartPLS 3.3.2, the metrics on the model are described as a functionalist paradigm.FindingsDirectors' attitudes paired up with the intentions of succession are significantly related to the socioemotional aspect of the family business; although the theory proposes three aspects to measure these intentions, the social norm in this research has not been strong enough to be a predictor as an influence on the company's socioemotional wealth.Originality/valueThe authors found this a valuable paper for the complement of theory focused on purely manifesting aspects in family companies, because they identified theoretical and empirical relationships opening up guidelines for new research in socioemotional aspects in accordance with the entrepreneurs attitudes to achieve succession, the differentiation lies in measuring psychological aspects of the director's behavior toward succession and not to the succession per se as done in most research; also, the methodology of data analysis facilitates the reader to easily recognize the relationships between the proposed theoretical constructions, showing the detailed metrics development by researchers in the family business field.

scholarly journals Kepemimpinan Pemuda Dalam Program Pemberdayaan Masyarakat Untuk Meningkatkan Ketahanan Ekonomi Keluarga (Studi Kepemimpinan Wawan Yuanda di Desa Tumiyang, Kecamatan Kebasen, Kabupaten Banyumas, Provinsi Jawa Tengah)

2017 ◽  
Vol 23 (1) ◽  
pp. 17
Author(s):  
Helmy Shoim Pramudyarto ◽  
Armaidy Armawi ◽  
Bagus Riyono
Keyword(s):  
Family Business ◽  
Mixed Method ◽  
Community Empowerment ◽  
Development Programs ◽  
Economic Resilience ◽  
Descriptive Model ◽  
The Social ◽  
The Family ◽  
The Village ◽  
Empowerment Program

ABSTRACTThe purpose of this study was to determined the leadership of Wawan Yuanda as a village chief in the community empowerment program through brick-making business and its implications for the the family economic resilience and to knew the obstacles faced in implementing community development programs such. This research was a descriptive model of mixed methods or mixed method using concurrent transformative strategies by collecting data at one stage / phase of the study and at the same time to got a description or picture of the social realities that existed in the community which was then used to analyzed the Village Chief of leadership in the community empowerment program and its implications on family economic resilience.The results showed that Wawan Yuanda as the village chief of Tumiyang Village had been successfully doing community empowerment program through making bricks. The success also had implications for villagers revenue thus increasing the economic resilience of the communities involved in the family business of making bricks.ABSTRAKTujuan dari penelitian ini yaitu untuk mengetahui kepemimpinan Wawan Yuanda sebagai kepala desa dalam program pemberdayaan masyarakat melalui usaha pembuatan batu bata serta implikasinya terhadap ketahanan ekonomi keluarga dan untuk mengetahui hambatan yang dihadapi dalam melaksanakan program pemberdayaan masyarakat tersebut..Penelitian ini merupakan penelitian deskriptif dengan pendekatan model metode campuran atau mixed method dengan menggunakan Strategi Transformatif Konkuren dengan mengumpulkan data pada satu tahap/fase penelitian dan pada waktu yang sama untuk mendapatkan deskripsi atau gambaran dari realitas sosial yang ada di masyarakat yang kemudian untuk mengungkap tentang kepemimpinan Kepala Desa dalam program pemberdayaan masyarakat dan implikasinya terhadap ketahanan ekonomi keluarga. Hasil penelitian menunjukkan bahwa Wawan Yuanda selaku Kepala Desa Tumiyang telah berhasil melakukan program pemberdayaan masyarakat melalui usaha batu bata. Keberhasilan tersebut juga berimplikasi terhadap pendapatan masyarakat sehingga meningkatkan ketahanan ekonomi keluarga masyarakat yang terlibat dalam usaha pembuatan batu bata

The Social Psychology of Family Shareholder Dynamics

1998 ◽  
Vol 11 (3) ◽  
pp. 253-260 ◽  
Author(s):  
John A. Davis ◽  
Rita M. Herrera
Keyword(s):  
Social Psychology ◽  
Family Business ◽  
Social Power ◽  
Future Research ◽  
Group Cohesiveness ◽  
The Social ◽  
The Family ◽  
Diffusion Of Responsibility

Family shareholder dynamics can dramatically influence a family business, however, this has received little attention in the family business literature. To expand our understanding of family shareholder behavior, we have introduced several concepts from social psychology that help explain why family shareholders behave as they do: group cohesiveness, conformance, diffusion of responsibility, deindividuation, and social power. We have commented on the application of each theory for family companies and their consultants and have suggested directions for future research on this topic.

Fair Process: Striving for Justice in Family Business

2005 ◽  
Vol 18 (1) ◽  
pp. 1-21 ◽  
Author(s):  
Ludo Van der Heyden ◽  
Christine Blondel ◽  
Randel S. Carlock
Keyword(s):  
Social Science ◽  
Procedural Justice ◽  
Family Business ◽  
Family Firms ◽  
Fair Process ◽  
Business System ◽  
The Social ◽  
The Family ◽  
The One ◽  
Definition Of

The social science and business literatures on procedural justice or fair process attest that improvements in procedural fairness can be expected to improve both a firm's performance and the commitment and trust of the individuals involved with it. This article examines the relevance of procedural justice for family business. When a family is an influential component of a particular business system, the application of justice is typically rendered more complex than might be the case for nonfamily firms. Different criteria (need, merit, and equality) guide the application of distributive justice among families, firms, and shareholders. This divergence in criterion also lies at the heart of many conflicts inside the family business. In this article, we argue that the application of procedural justice reduces occurrences of conflict and, in some cases, may eliminate conflict altogether. We propose a definition of fair process that extends and enriches the one existing in the literature. We offer five fundamental criteria essential to the effectiveness of fair process in family firms. We conclude with a series of case studies that illustrate typical questions faced inside family businesses. We show that a lack of fairness in the decision and managerial processes governing these businesses and their associated families is a source of conflict. We describe how increasing fair process practices improves the performance of these businesses while also increasing the satisfaction of those associated with them.

scholarly journals Diversification of export territories of family businesses as a tool of their further development

2019 ◽  
Vol 17 (3) ◽  
pp. 306-322 ◽  
Author(s):  
Naděžda Petrů ◽  
Andrea Tomášková ◽  
Monika Krošláková
Keyword(s):  
Foreign Trade ◽  
Family Business ◽  
First Generation ◽  
Family Businesses ◽  
Next Generation ◽  
Foreign Markets ◽  
The Family ◽  
The Stability ◽  
Further Development ◽  
The Eu

Family business is the largest global source of jobs in the private sector, whose multigenerational nature strengthens the stability of individual economies. A competitive small and medium-sized enterprise (SME) sector into which family businesses are classified is an essential prerequisite for the full-fledged integration of any economy into the global economic space. For the Czech economy, the importance of foreign trade is increasing, and is dependent on the capabilities of companies to expand to foreign markets. The goal of this article is to identify involvement of the generation of successors to export activities of family business, focusing on diversifying export territories in relation to structure of the industry A secondary goal is to discuss the demand mechanisms for SMEs/family business oriented toward export. The scientific hypotheses defined are focused on demonstrating a dependency between the diversification of export territories, the involvement of the generation of successors in the management of the company and structure of industry. Authors have demonstrated that family businesses managed by the first generation of founders export primarily to the territories of Slovakia, Germany, and the EU. Companies where the next generation contributes to management diversify territorial risk and also export outside the EU countries. A significant correlation was demonstrated between automotive industry and Germany, Slovakia and country outside the EU and mechanical engineering and country outside the EU. The uniqueness of this article lies in the topicality of the real transition of Czech family businesses to the next generation, which carries out foreign trade to promote the further development and sustainability of the family business for future generations.

scholarly journals The social and economic impact of international female migration on left-behind parents in East Java, Indonesia

2018 ◽  
Vol 28 (1) ◽  
pp. 97-114
Author(s):  
M. Faishal Aminuddin ◽  
Saseendran Pallikadavath ◽  
Amie Kamanda ◽  
Keppi Sukesi ◽  
Henny Rosalinda ◽  
...  
Keyword(s):  
Migrant Women ◽  
Left Behind ◽  
Female Migration ◽  
The Social ◽  
The Family ◽  
Negative Impacts ◽  
The Stability ◽  
Status Data ◽  
The Impact ◽  
Depth Interviews

The objective of this article is to examine the impact of international female labor migration on left-behind parents by taking into consideration the daughters' marital status. Data were taken from in-depth interviews with 37 left-behind parents of migrant women in East Java Province. The study showed that left-behind parents had limited access to the remittances sent by married daughters, except when they carried out childcare responsibilities. Parents of unmarried daughters had some access to remittances, but this varied according to the economic conditions of the family. Left-behind parents were concerned about the safety of their daughters overseas, the marriage prospects of unmarried daughters, the stability of their daughters' marriages and the welfare of left-behind grandchildren. Because the migration of married and unmarried daughters has diverse impacts on left-behind parents, this should be considered in programs that aim to mitigate potential negative impacts of women's migration.

scholarly journals The Family Business as a Driver of the Social Economy: The Case of a Tourist Cooperative in Sinaloa, Mexico

2017 ◽  
Vol 8 (2) ◽  
pp. 175 ◽  
Author(s):  
Borrego A. ◽  
Ibarra-Michel J. P. ◽  
Soto-Karass J. G.
Keyword(s):  
Family Business ◽  
Qualitative Methodology ◽  
Social Economy ◽  
Well Being ◽  
Structured Interviews ◽  
Cooperative Society ◽  
The Social ◽  
The Family ◽  
Working Together

The family business in the field of social economy represents the actions and commitments it has with its members and the community, according to the philosophy and principles of the cooperative as a business organization; it also helps to strengthen its social capital and promote family integration.The objective of the study was to analyze the family business as a boost to the social economy from the organizational figure of the cooperative, taking as a case study a tourist cooperative in northern Sinaloa, Mexico. This business has more than 30 years’ operating as a cooperative society and is in its third generation, is made up of 15 members, members of the same family who in turn hold the main positions at the general assembly. The research was conducted as a case studywith a qualitative methodology approach, collecting data through observation, review of documents and semi-structured interviews to key family members.The results indicate that the family and cooperative business, share decision-making and collective well-being, promoting the social economy by working together and distributing goods fairly; allowing the continuity of the company for the next generation.

scholarly journals SUCCESSION AS AN ECONOMIC AND MORAL BASIS FOR MOSCOW MERCHANT FAMILY FIRMS’ ACTIVITIES (19TH — EARLY 20TH CENTURY)

2021 ◽  
Vol 72 (3) ◽  
pp. 107-115
Author(s):  
Galina N. Ulianova ◽  
Keyword(s):  
Family Business ◽  
Economic History ◽  
Family Firms ◽  
Entrepreneurial Activity ◽  
Commercial Activity ◽  
Self Identity ◽  
Moral Principles ◽  
The Family ◽  
The Stability ◽  
The 19Th Century

In economic history, succession is considered as one of the factors of a long-term commercial activity. In the 19th century, first of all, this is succession in the work of the family firm. Exploring the history of entrepreneurship in this sense would mean studying, first, the succession of economic activity (including intergenerational transfers of assets), and, second, the institutional succession, including the rules and regulations procedures in management of industrial and commercial enterprises, based on moral principles. The intergenerational transition of the family business was not only based on the legislation requirements and depended on the composition of the family, it also took into account ethical norms aimed at stabilizing the merchant family’s entrepreneurial activity. The article focuses on different aspects of succession in the merchant family’s activity, including the influence of the factor of the family business longevity on formation of entrepreneurs’ self-identity, an understanding the importance of the topographic factor in business relations with constant customers. It also analyzes intra-family agreements, which were created to ensure the stability of the family business, the reflection of ideas about the continuity of business in the texts of wills is also considered. Great importance was attached to the institutional consolidation and strengthening of the family firms’ property assets. Drawing upon materials from archival sources, the article examines the histories of large Moscow firms of the Bakhrushins, Khludovs, Tretyakovs, Nosovs, Naydenovs, Samgins, Zimins, which activities in industry and trade numbered from four to six generations over a century.

scholarly journals The Counter-Effects Of The Application Of Imprisonment Alternatives On The Families Of The Imprisoned Individuals From The Point Of View Of The Prisoners In The Al-Qaseem Region – SUDIA ARABIA”

2017 ◽  
Vol 8 (1) ◽  
pp. 139
Author(s):  
Khaled Alsaweel ◽  
Saleem Alquisi
Keyword(s):  
Social Economic ◽  
Social Stigma ◽  
Public Awareness ◽  
Point Of View ◽  
Negative Consequences ◽  
Positive Effects ◽  
The Social ◽  
The Family ◽  
The Stability ◽  
Positive Results

The main objectives of this study is to identify the nature of the sequences resulted from replacing the imprisonment punishment on the social, economic and security structure of the families from the point of view of the imprisoned individuals in the Qaseem region of Saudi Arabia. The study sample is composed of 239 jailed individuals representing the Qaseem prisons. In order to answer the main questions, the study used standards of descriptive statistical, and T-Tests of independent samples. The study has concluded that the degree of the reflection of imprisonment alternatives, as punishments, on the social structure of the family is of a high degree and with positive results from the point of view of the questioned individuals, as the main general average was 4.32. it has been shown that the application of imprisonment alternatives has had high positive results on the stability of the family, prevent social disintegration, protect the family of the jailed people, prevent social stigma, provide suitable atmosphere enables social integration of the families of the jailed individuals. Also, it has been elucidated that the application of alternative punishment has high-positive effects, with 4.18 overall average. Alternative punishments secure the families with fixed income, contributes to their economic welfare, and provide appropriate housing. The analyses indicated that alternative punishments have high positive effects in securing and protecting families from crimes, with overall average of 4.09. The study recommends that a public-awareness and opinion should be established and widespread in order to publicize recourse to alternative punishments to imprisonment. Furthermore, the effectiveness of alternative punishment should be emphasized in prevent the families from the social, economic and security negative consequences resulted from the imprisonment of the paterfamilias. 

Succession in Family Business: Sharing the Cognitive Map

Paradigm ◽  
2019 ◽  
Vol 23 (1) ◽  
pp. 53-69
Author(s):  
Roopa Nandi ◽  
Ganesh Singh ◽  
Parvaiz Talib
Keyword(s):  
Family Business ◽  
Design Thinking ◽  
Cognitive Map ◽  
Business Leaders ◽  
Strength Based ◽  
The Family ◽  
Succession Process ◽  
Phase Out ◽  
Succession In Family Business ◽  
Family Leader

Succession is the ultimate test of success reflected as sustainability in business, when managing business changes hands from a family leader to a non-family leader. This means when a family business is owned by the family but managed by a non-family member. This article explores the possibility of approaching succession process using design thinking—an approach based on appreciative inquiry. By identifying the various dimensions in which succession in family business takes place, this article introduces to business leaders a strength-based approach for creating an imagined future, that is satisfactory and acceptable after the incumbent phase out and successor phase in take place. The article emphasizes on creating of a singular image—a shared cognitive map for succession. When business leaders wilfully design a singular image, they have shared cognitive map that facilitates succession. The article provides guiding questions for design thinking in succession in family business.

Sign in / Sign up

Export Citation Format

Share Document