scholarly journals Family business resilience under the COVID-19: A comparative study in the furniture industry in the United States of America and Colombia

2021 ◽  
pp. 138-152
Author(s):  
Ana Cristina González ◽  
Miguel Ángel Pérez-Uribe
Keyword(s):  
Family Business ◽  
The United States ◽  
Family Businesses ◽  
Furniture Industry ◽  
Resource Based View ◽  
The Usa ◽  
Resources And Capabilities ◽  
Research Questions ◽  
Business Resilience ◽  
Office Furniture

COVID-19 has impacted the world and has forced organizations to adapt to the “new normal”, and family businesses have not been exempt. In this study, we answer two research questions; how prepared are family businesses to face shocks like the pandemic? and, do contexts matter in that response? Using the Resource-Based View of the firm, in this qualitative exploratory study we analyze the resources and capabilities deployed by two business families owning three family businesses in the office furniture industry in the countries of Colombia and the USA. Our findings indicate that indeed family businesses are resilient, but the resources and capabilities deployed and their uses are different according to the context, suggesting a contingent familiness during a crisis.

Family Impacts on Emerging Ventures in Poland

1995 ◽  
Vol 8 (4) ◽  
pp. 293-300 ◽  
Author(s):  
Harold Welsch ◽  
Gerald Hills ◽  
Frank Hoy
Keyword(s):  
United States ◽  
Small Business ◽  
Family Business ◽  
New Ventures ◽  
The United States ◽  
Business Owners ◽  
Family Businesses ◽  
Small Business Owners ◽  
Emerging Democracy

This study reports the results of a survey of eighty owners of new ventures in Poland. The purpose of the survey was to assess the problems faced by small business owners and prospective small business owners in this emerging democracy. The sample was almost evenly split between family businesses and nonfamily businesses, which allowed for comparisons between family business issues in Poland and in the United States and between family and nonfamily business in Poland.

scholarly journals Career advancement comparative perspective study of university lecturer

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Maya Kurniawati ◽  
Choirul Saleh ◽  
M.R. Khairul Muluk
Keyword(s):  
Higher Education ◽  
Education System ◽  
Career Advancement ◽  
Academic Career ◽  
The United States ◽  
Higher Education System ◽  
The Usa ◽  
World Class ◽  
Research Questions ◽  
Insight Into

Globalization and international standard universities trend drive the higher education system to become more dynamic and innovative. The lecturer is a profession that drives and encourages university competitiveness. Therefore, better career advancement and development are vital in encouraging higher education competitiveness. The United States of America (USA) is currently a world-class university orientation, followed by Australia. Hence, other countries, especially developing countries, should know the USA and Australia higher education system, especially in the lecturers’ career advancement and development. This study is necessary to answer research questions about comparing academic career advancement systems in the USA and Australia. This study will give other countries new insight into academic career advancement. The researchers apply the findings from a systematic review. This study focuses on six aspects discussed: regulations, educational qualifications, lecturer obligation status in the higher education, career ladder, career advancement stages, and the lecturers' duties also responsibilities in lecturer career advancement in the USA and Australia. This study examines the gap between lecturers' career advancement systems in the USA and Australia comprehensively. The researchers observe by analyzing the strengths and weaknesses of the lecturer career advancement system in the USA and Australia. Also, the researchers compare the results using comparative public administration theory.

Family Business Tourism Risk in the Context of Coronavirus Pandemic

2021 ◽  
pp. 1-31
Author(s):  
Martina Harc ◽  
Martina Basarac Sertić
Keyword(s):  
European Union ◽  
Family Business ◽  
Global Economy ◽  
Theoretical Background ◽  
Family Businesses ◽  
Tourism Industry ◽  
Leadership Succession ◽  
The European Union ◽  
Business Resilience

The coronavirus is crippling the global economy. However, the economic impacts of the pandemic vary significantly across sectors of the economy. This outbreak and related lockdowns are putting the tourism industry under unprecedented pressure. Within months, world tourism went from over-tourism to non-tourism. Therefore, the overall objective of this chapter is to introduce the latest trends in tourism, with emphasis on family businesses. More precisely, the chapter encompasses (1) the theoretical background, which defines family business, highlights their characteristics, and summarizes the importance of leadership succession; (2) the role of family business resilience and their behaviour in times of crisis; (3) a review of relevant European Commission policy publications regarding EU tourism and statistical analyses of selected key tourism indicators; and (4) an analysis of family businesses environment in time of crisis. Hence, this chapter has documented the crucial role that family businesses tourism has within the European Union and on the front line of the current crises.

scholarly journals Family business: comparison with non-family, key differences and features of operation

2021 ◽  
Vol 71 (4) ◽  
pp. 140-150
Author(s):  
Yu. Solonenko
Keyword(s):  
Family Business ◽  
Ownership Structure ◽  
Social Systems ◽  
The United States ◽  
Local Communities ◽  
Family Businesses ◽  
The State ◽  
Family Enterprises ◽  
Moderate Growth ◽  
The Family

One of the traditional methods of the investigation of family business, as the most common and sustainable form of management in the world, is its comparison with the activities of non-family businesses. This approach makes it possible` to introduce into the analysis a fairly large list of indicators, which in turn increases the understanding of the functioning of both family and non-family companies. In this paper the investigation of family enterprises is carried out on the basis of developments of leading foreign scientists and the table is formed. Thus, the invesstigation demonstrates significant differences between family and non-family business, which are reflected in the general indicators, structural organization, forms of ownership, management, theoretical justification of doing business, business goals, available resources of the firm. Differences in both interior and exterior of the operation of these business facilities are defined. In general, the family business is socially oriented, aimed at stable moderate growth, resilient in times of crisis, adaptive, risk-averse, aimed at the long-term perspective of existence in order to pass it on to the next family generation. Analyzing the social systems of economically successful countries, such as the United States, Japan, the European Union, the Persian Gulf and East Asia, we find that the main form of ownership belongs to the family business. More detailed analysis of the economic systems of these countries reveals the formation of the balance between the ownership structure and the power structure. The ownership structure is characterized by large percentage of independent private owners, where the family form of ownership is widely represented in the leading sectors of the economy, and the family business itself is the dominant form of entrepreneurship. It is the family business that configures the property system within a single country, forming powerful social stratum of independent owners who control the main resources of the state. The presence of this layer results in the evolution of power democracy, where state institutions do not have declarative powers, but operate in real formal democracy. The level of real democracy (democracy) in the country is determined not by freedom-loving articles of the Constitution, but by the number of independent owners in the state. Family businesses and independent family owners are closely linked to local communities, are an integral part of them, providing jobs and employment in the regions, which is the basis for economic prosperity of local communities and the country as a whole.

“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.

scholarly journals Standing the test of time: External factors influencing family firm longevity in Germany and Spain during the twentieth century

2020 ◽  
Vol 5 (1) ◽  
pp. 221-264
Author(s):  
Maria Fernandez Moya ◽  
Paloma Fernandez-Perez ◽  
Christina Lubinski
Keyword(s):  
Twentieth Century ◽  
Family Business ◽  
Environmental Changes ◽  
Family Businesses ◽  
External Factors ◽  
Strategic Responses ◽  
Holistic Understanding ◽  
Decision Making Processes ◽  
Business Resilience ◽  
Do So

While most research on family business longevity focuses on how internal corporate governance issue impact resilience, the aim of this article is to foreground the relevance of external environmental factors, and to do so in an internationally comparative perspective. By historically comparing the largest family businesses in Germany and Spain in the twentieth century, we find that they differ significantly in age and ask how external factors help us better understand these variances. After analysing the institutional framework of the two countries during the second part of the 20th century, we explore the strategic responses developed in reaction to that framework by four of the largest family businesses in the two countries. With this, we strive to capture the interdependent nature of internal decision-making processes and external environmental changes, ultimately arguing for a more holistic understanding of family business resilience over time.

scholarly journals Uncovering Implicit Assumptions: Reviewing the Work–Family Interface in Family Business and Offering Opportunities for Future Research

2020 ◽  
Vol 33 (1) ◽  
pp. 64-89 ◽  
Author(s):  
Nava Michael-Tsabari ◽  
Marjan Houshmand ◽  
Vanessa M. Strike ◽  
Dorit Efrat Treister
Keyword(s):  
Family Business ◽  
Work And Family ◽  
Family Businesses ◽  
Boundary Theory ◽  
Future Research ◽  
Resource Based View ◽  
Individual Family ◽  
Work Family ◽  
The Individual ◽  
Work Family Enrichment

The work–family interface (WFI) in family businesses (FBs) is an underrecognized area of research. The permeable nature of the boundaries in FBs between work and family is often treated as self-evident and as preventing (rather than inviting) research. We review the WFI in FBs based on 72 published articles and highlight implicit assumptions that have given rise to gaps in this literature. We show how boundary theory, the work–home resources model and the resource-based view can be used to highlight issues related to ownership, work–family enrichment, and contextual factors at the individual, family, and firm domains.

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.

scholarly journals VITALITY AND CONTINUITY OF FAMILY BUSINESSES

2020 ◽  
Vol 21 (5) ◽  
pp. 1432-1450
Author(s):  
Petra Rydvalova ◽  
Klara Antlova
Keyword(s):  
Family Business ◽  
Evaluation System ◽  
Institutional Context ◽  
Family Businesses ◽  
Resource Based View ◽  
The Czech Republic ◽  
The Family ◽  
Succession Process ◽  
Business Structures ◽  
Knowledge Evaluation

The article aims to explain the reasons and the methods for evaluating the vitality of the family businesses with a focus on a country where family businesses were violently interrupted by forty years of the socialist regime. The intention is to find out, in connection with the vitality of family businesses, whether it is possible to define the factors that enabled the subsequent continuity of this type of business, for instance, the sector that is relevant to the region. The authors draw on a resource-based view as well as the specifics of the family-owned business in an institutional context. They comment on the behaviour of family business from three perspectives – legal, managerial and economic. The intention of knowledge/evaluation system presented is to find the weaknesses in the family business structures in the Czech Republic, which opens the opportunity for the succession process and the subsequent professionalization of their solutions. The methodology is presented in ten case studies. The results of the evaluation showed considerable compliance with those assumptions defined in the literature on those family businesses that continued uninterrupted.

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.

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