scholarly journals KETERLIBATAN KELUARGA DALAM TATA KELOLA DAN ORGANISASI PERUSAHAAN PADA KONTEKS ENTREPRENEURIAL ORIENTATION

2021 ◽  
Vol 18 (1) ◽  
pp. 90-104
Author(s):  
Krismi Budi Sienatra ◽  
Syellen Laudo
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Family Members ◽  
Family Firm ◽  
Three Dimensions ◽  
Analysis Tool ◽  
Company Performance ◽  
Organizational Governance

Abstrak : Keterlibatan Keluarga Dalam Tata Kelola Dan Organisasi Perusahan Pada Konteks Entrepreneurial Orientation. Perusahaan keluarga sebagai kontributor terbesar dalam pertumbuhan ekonomi, seringkali memiliki performa yang inkonsisten. Penelitian ini bertujuan mengetahui bagaimana dimensi entrepreneurial orientation dapat memberi pengaruh terhadap family firm performance. Penelitian ini menggunakan tiga dimensi entrepreneurial orientation terdiri dari innovativeness, proactiveness dan risk taking. Keterlibatan keluarga dalam pengelolaan perusahaan keluarga digunakan sebagai moderasi apakah memiliki dampak pada family firm performance. Sampel dari penelitian ialah komunitas perusahaan keluarga yang dibentuk dari universitas di Surabaya. Penelitian menggunakan alat analisis PLS. Hasil penelitian memperlihatkan bahwa proactiveness berpengaruh signifikan terhadap family firm performance sedangkan innovativeness dan risk taking tidak berpengaruh. Hasil moderasi menunjukkan keterlibatan keluarga tidak memoderasi dimensi entrepreneurial orientation terhadap family firm performance. Temuan ini memberikan gambaran bagi perusahaan keluarga yang masih skala menengah dan kecil serta belum terbuka dengan melibatkan anggota keluarga dalam tata kelola organisasi belum memiliki dampak pada kinerja perusahaan. Keterlibatan anggota keluarga hanya bersifat administratif bagi pemillik perusahaan. Abstract: Family Involvement In Governance And Company Organizations In The Context Of Entrepreneurial Orientation. Family companies, as the biggest contributors to economic growth, often have an inconsistent performance. This study aims to determine how the dimensions of entrepreneurial orientation can have an influence on family firm performance. This study uses three dimensions of entrepreneurial orientation consisting of innovativeness, proactiveness and risk taking. Family involvement in the management of family companies is used as moderation whether it has an impact on family firm performance. The sample of this research is a family company community formed from a university in Surabaya. The research used PLS analysis tool. The results showed that proactiveness had a significant effect on family firm performance, while innovativeness and risk taking had no effect. The result of moderation shows that family involvement does not moderate the dimensions of entrepreneurial orientation towards family firm performance. These findings provide an overview for family companies that are still medium and small in scale and have not been open to involving family members in organizational governance yet have an impact on company performance. The involvement of family members is only administrative in nature for company owners

Should Fast-Food Franchisees Pursue Entrepreneurial Orientation?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Ehsan Asgharian ◽  
Misagh Tasavori ◽  
Jim Andersén
Keyword(s):  
Firm Performance ◽  
Significant Role ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Fast Food ◽  
Business Systems ◽  
Unidimensional Construct ◽  
Different Dimensions ◽  
Competitive Aggressiveness ◽  
The Impact

Abstract Although it is widely accepted that entrepreneurial orientation (EO) improves firm performance, scholars have advised that particular attention should be paid to the context. In this research, we investigate a less explored context of franchising where business systems and procedures are usually dictated to franchisees by franchisors. Therefore, whether a franchisor should allow franchisees to pursue EO (innovativeness, proactiveness, risk-taking, competitive aggressiveness, and autonomy) is not clear. In the context of franchising, the majority of prior studies have mainly focused on the employment of EO as a unidimensional construct and at the franchisor level. In this research, we take a bottom-up perspective and evaluate the impact of different dimensions of EO on franchisees’ performance. Our analysis of a multi-group of 183 restaurant franchisees located in Sweden and Iran reveals that only the pursuit of proactiveness and competitive aggressiveness improves a franchisee’s performance and other dimensions do not play a significant role in improving performance in this context.

Entrepreneurial Orientation, Uncertainty Avoidance and Firm Performance

2003 ◽  
Vol 4 (1) ◽  
pp. 46-58 ◽  
Author(s):  
Fredric William Swierczek ◽  
Thai Thanh Ha
Keyword(s):  
Firm Performance ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Job Creation ◽  
Uncertainty Avoidance ◽  
Business Growth ◽  
Net Profit ◽  
The Relationship

This study examines the relationship between entrepreneurial orientation (EO) and firm performance in a sample of 306 Vietnamese SMEs and 172 Thai small and medium-sized enterprises (SMEs). Dimensions of entrepreneurial orientation including risk-taking, proactivity and innovativeness are explored. The results indicate that Thai SMEs are more innovative and proactive than their Vietnamese counterparts, while Vietnamese SMEs are inclined to be more risk-taking. Thai SMEs have higher perceived business growth, job creation and net profit than Vietnamese SMEs.

Does family involvement matter post IPO? Adding value through advertising in family firms

2018 ◽  
Vol 8 (3) ◽  
pp. 218-234 ◽  
Author(s):  
Atanas Nik Nikolov ◽  
Yuan Wen
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Family Business ◽  
Family Firms ◽  
Family Firm ◽  
Family Businesses ◽  
Publicly Traded ◽  
Content Type ◽  
The Public ◽  
The Family

PurposeThis paper brings together research on advertising, family business, and the resource-based view (RBV) of the firm to examine performance differences between publicly traded US family vs non-family firms. The purpose of this paper is to understand the heterogeneity of family vs non-family firm advertising after such firms become publicly traded.Design/methodology/approachThe authors draw on the RBV of the firm, as well as on extensive empirical literature in family business and advertising research to empirically examine the differences between family and non-family firms in terms of performance.FindingsUsing panel data from over 2,000 companies across ten years, this research demonstrates that family businesses have higher advertising intensity than competitors, and achieve higher performance returns on their advertising investments, relative to non-family competitors. The results suggest that the “familiness” of public family firms is an intangible resource that, when combined with their advertising investments, affords family businesses a relative advantage compared to non-family businesses.Research limitations/implicationsFamily involvement in publicly traded firms may contribute toward a richer resource endowment and result in creating synergistic effects between firm “familiness” and the public status of the firm. The paper contributes toward the RBV of the firm and the advertising literature. Limitations include the lack of qualitative data to ground the findings and potential moderating effects.Practical implicationsUnderstanding how family firms’ advertising spending influences their consequent performance provides new information to family firms’ owners and management, as well as investors. The authors suggest that the “familiness” of public family firms may provide a significant advantage over their non-family-owned competitors.Social implicationsThe implications for society include that the family firm as an organizational form does not need to be relegated to a second-class citizen status in the business world: indeed, combining family firms’ characteristics within a publicly traded platform may provide firm performance benefits which benefit the founding family and other stakeholders.Originality/valueThis study contributes by highlighting the important influence of family involvement on advertising investment in the public family firm, a topic which has received limited attention. Second, it also integrates public ownership in family firms with the family involvement–advertising–firm performance relationship. As such, it uncovers a new pathway through which the family effect is leveraged to increase firm performance. Third, this study also contributes to the advertising and resource building literatures by identifying advertising as an additional resource which magnifies the impact of the bundle of resources available to the public family firm. Fourth, the use of an extensive panel data set allows for a more complex empirical investigation of the inherently dynamic relationships in the data and thus provides a contribution to the empirical stream of research in family business.

scholarly journals The Environmental Intention of Owner-Managers: The Role of Entrepreneurial Orientation in Tunisian Industry

2020 ◽  
Vol 28 (01) ◽  
pp. 1-29
Author(s):  
Azzedine Tounés ◽  
Erno T. Tornikoski ◽  
Fafani Gribaâ
Keyword(s):  
Air Pollution ◽  
Developing Countries ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Three Dimensions ◽  
Clothing Industry ◽  
Development Programs ◽  
Improvement Program ◽  
Multidimensional Concept

Environmental intention is a key predictor of environmental behavior but there is little theoretical and empirical evidence on environmental intention, especially in developing countries. To address this gap, we study the environmental intention of industrial owner-managers in Tunisia. Based on Tunisia’s participation in sustainable development programs of the United Nations, it seems to be representative of developing countries. We study the environmental intention of owner-managers through a multidimensional concept rarely mobilized in the environmental field, namely, entrepreneurial orientation. We test our hypotheses in the textile-clothing industry, which is the source of significant amounts of water and air pollution and is among the priority industries designated by the Tunisian state as part of an environmental improvement program in 2014. Based on a survey of 226 owner-managers, the results show that the three dimensions of entrepreneurial orientation, namely, innovativeness, proactiveness, and risk-taking, are robust to predict the environmental intention of Tunisian owner-managers.

Exploring the family effect on firm performance

2015 ◽  
Vol 21 (6) ◽  
pp. 898-917 ◽  
Author(s):  
Yosra Mani ◽  
Lassaad Lakhal
Keyword(s):  
Social Capital ◽  
Firm Performance ◽  
Family Firms ◽  
Family Firm ◽  
Social Capital Theory ◽  
Three Dimensions ◽  
Capital Theory ◽  
Cognitive Dimension ◽  
Content Type ◽  
The Impact

Purpose – The purpose of this paper is to investigate how internal social capital – as a part of the familiness resources– affects family firm performance. The social capital theory states that internal social capital within family businesses is composed of three dimensions: the structural dimension, the relational dimension, and the cognitive dimension. The aim of the paper is to study the relationship between each dimension of internal social capital and family firm performance. Design/methodology/approach – The paper employs an empirical investigation which is based on a sample of 114 Tunisian family firms. Findings – Results demonstrate that the structural and relational dimensions are positively associated with financial and non-financial family firm’s performance. However, the cognitive dimension has a significant positive effect on financial performance but not on non-financial family firm performance. Originality/value – The proposed model aims to test the direct effect of internal social capital dimensions on financial and non-financial family firm’s performance. Besides, there is a lack of empirical evidence aiming at understanding the impact of structural, cognitive and relational social capital on the performance of family firms.

Dancing With Giants: Acquisition and Survival of the Family Firm

2006 ◽  
Vol 19 (4) ◽  
pp. 289-300 ◽  
Author(s):  
Adam Steen ◽  
Lawrence S. Welch
Keyword(s):  
Mergers And Acquisitions ◽  
Family Involvement ◽  
Family Members ◽  
Family Firm ◽  
Wine Industry ◽  
Family Perspective ◽  
The Family

In this article, we examine the responses of family companies to the emerging environment of mergers and acquisitions, specifically within the international wine industry. At issue is the question of how the family perspective influences responses of a family firm to the prospect of merger or takeover. We examine the issue through a case study of the takeover of an Australian wine producer and family firm, Peter Lehmann Wines. The case study demonstrates ways in which the family perspective is critical in driving responses, for example, in the strength and forms of opposition to one of the potential acquirers in the case, indicating just how important the preservation of a family legacy was to key family members. However, the case also illustrates how in a takeover fight the dynamics of the takeover process itself become important in determining outcomes. In addition, the case demonstrates that family involvement and influence can be maintained in spite of takeover.

scholarly journals Entrepreneurial Orientation and Innovation Capabilities in Mexican Small Business

2019 ◽  
Vol 9 (2) ◽  
pp. 151
Author(s):  
Gonzalo Maldonado-Guzman ◽  
Sandra Yesenia Pinzon-Castro ◽  
Ruben Michael Rodriguez-Gonzalez
Keyword(s):  
Small Business ◽  
21St Century ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Three Dimensions ◽  
Business Strategies ◽  
Management Systems ◽  
Significant Relation ◽  
Everyday Activities

In an environment of business uncertainty that has characterized the 21st century, enterprises, mainly small and medium-sized ones (SMEs), have to redirect or adequate their business strategies in order to adapt as fast as possible to the changes demanded by the market. Therefore, SMEs have to be more proactive nowadays, take higher risks and be more innovative in order to survive as well as to improve significantly their innovation capabilities in products, services and management systems. In simple terms, SMEs have to adopt and implement the entrepreneurial orientation as part of their everyday activities so they have more possibilities to increase their innovation level. Thus, the main objective of this research is to analyze the existing relation between proactivity, risk taking and innovativeness (dimensions of the entrepreneurial orientation) with the innovation capabilities (innovation in products, services and management systems). The results obtained show that there is a positive and significant relation among the three dimensions of entrepreneurial orientation and innovation capabilities.

scholarly journals Entrepreneurial orientation and entrepreneurial intention: When more learning exposures are efficacious

2021 ◽  
Vol 24 (2) ◽  
pp. 271-288
Author(s):  
Hardo Firmana Given Grace Manik ◽  
Airlangga Surya Kusuma
Keyword(s):  
Regression Analysis ◽  
University Students ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Student Organizations ◽  
Entrepreneurial Intention ◽  
Two Dimensions ◽  
Three Dimensions ◽  
Individual Entrepreneurial Orientation ◽  
The World

Many business schools in the world seek to create newly aspiring entrepreneurs starting from their university years. Many Indonesian universities also engage in this challenging effort. This study investigates the effect of students’ individual entrepreneurial orientation (IEO) on entrepreneurial intention (EI) through regression analysis and t-test on 200 students from several major Indonesian universities. Our results indicate that all IEO dimensions (i.e., innovativeness, risk-taking, proactiveness, passion, and perseverance) positively affect EI. These findings fill in the gap regarding the IEO studies in other contexts by adding two new dimensions, namely passion and perseverance. Further, this study demonstrates that students who have taken entrepreneurship courses exhibit greater effect of IEO on EI, but only in two dimensions (i.e., risk taking and proactiveness). Besides, students who actively participate in student organizations exhibit higher IEO than those who do not, especially in three dimensions dimensions (i.e., innovativeness, risk taking, proactiveness). Hence, this study underscores the importance of various learning exposures (not only in the classroom) for university students to develop their IEO.

scholarly journals Entrepreneurial orientation, competitive advantage and strategic knowledge management capability in Malaysian family firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Md Imtiaz Mostafiz ◽  
Mathew Hughes ◽  
Murali Sambasivan
Keyword(s):  
Knowledge Management ◽  
Firm Performance ◽  
Risk Taking ◽  
Family Firms ◽  
Family Firm ◽  
Content Type ◽  
The Family ◽  
And Performance ◽  
The Relationship ◽  
Strategic Knowledge Management

Purpose The purpose of this study is to test the thesis that the family firm’s success hinges on effective strategic knowledge management (SKM) capability coupled with an entrepreneurial orientation (EO). Contingency theory holds that entrepreneurial success is contingent on strategic capabilities and resource orchestration theory explains how well family firms nurture capabilities to structure, bundle and leverage resources that define competitive advantage (CA). This study combines these two theoretical viewpoints to propose the effects of EO and SKM capability on CA to achieve successful performance in family firms. Design/methodology/approach This study uses a hybrid approach applying structural equation modelling (SEM) and deep-learning artificial intelligence (DL-AI) analysis to survey data on 268 Malaysian family firms. Findings SEM results confirm that CA mediates the relationship between innovativeness, proactiveness and risk-taking dimensions of EO and firm performance. Autonomy and competitive aggressiveness have no bearing, however. The relationships among innovativeness, proactiveness and risk-taking with CA and performance are positively moderated by SKM capability, becoming more potent at higher levels. Moreover, four additional DL-AI models reveal the necessity of specific EO dimensions and the interacting effects of EO–SKM capability to influence CA and to attain performance success subsequently. Originality/value This study theorizes and presents two new boundary conditions to a knowledge-based theory of the family firm and its firm performance. First, CA mediates the relationship between EO and performance; and second, SKM capability moderates the relationships between EO and CA and between EO and family firm performance. Methodologically, this study uses DL-AI to embrace non-linearity and prioritize predictor variables based on normalized importance to produce greater accuracy over regression analysis. Hence, DL-AI adds methodological novelty to the knowledge management and family firm literature.

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