scholarly journals Significance of Succession Competencies in the Management of Silesian Family Business in the Sector of Small and Medium Enterprises

2017 ◽  
Vol 62 (2) ◽  
pp. 35-50
Author(s):  
Mariola Dźwigoł-Barosz ◽  
Keyword(s):  
Family Business ◽  
Small And Medium Enterprises ◽  
Medium Enterprises

scholarly journals Comparing the role of managerial control in micro family business start-up in Bosnia Herzegovina, Brazil and Italy

2009 ◽  
Vol 7 (2) ◽  
pp. 224-237 ◽  
Author(s):  
Massimo Bianchi ◽  
Joshua Onome Imoniana ◽  
Laura Tampieri ◽  
Jelena Tesic
Keyword(s):  
Family Business ◽  
Small And Medium Enterprises ◽  
Control Level ◽  
Good Evidence ◽  
Managerial Control ◽  
Informal Controls ◽  
Medium Enterprises ◽  
Banja Luka ◽  
Formal Controls

This paper compares the role of managerial control in Micro, Small and Medium Enterprises (MSMEs) startup in Bosnia Erzegovina, Brazil and Italy respectively in the district of Banja Luka, San Caetano and Forlì-Cesena. The main reason for this emergent topic is the survey carried out in the various countries that shows that informal controls outweighs the formal controls in the MSME and that there is a good evidence that such businesses are family owned. The most interesting result of the research was the discussion on MSMEs control system that is interwoven by the role and features of managerial control in Family Business (FB). In this regard, should we assume as empirically demonstrated in model (Fig.1) together with Greiner statements, developed by other Authors (Quinn, Cameron 1983), the general framework allow us to maintain the hypothesis that the control level in the first phases of MFB startup is low and limited to punctual check and operative one.

scholarly journals Owners’ integrity, customers’ relation, and focused attitude as strategiies as family business sustainability and growth: an empirical study

2018 ◽  
Vol 21 (2) ◽  
Author(s):  
John Tampil Purba ◽  
Jacob Donald Tan
Keyword(s):  
Empirical Study ◽  
Family Business ◽  
Small And Medium Enterprises ◽  
Family Businesses ◽  
Development Bank ◽  
Total Employment ◽  
Business Sustainability ◽  
The Family ◽  
Business Cases ◽  
Medium Enterprises

Asian Development Bank Institute reported that the contribution of Micro, Small and Medium Enterprises (MSMEs) to the Indonesian GDP is 57.8% and the contribution to total employment is 97.2%. MSMEs in Indonesia are almost owned by families. According to Family Firm Institute in 2016, 72% of all businesses in Indonesia’s private sector are run by family businesses, and while most of the MSMEs started out as family businesses, many successful entrepreneurs come from family business background.  This empirical study is based on 3 family business cases that have been expanding in terms of its sales and operations throughout more than 10 years. The method used in this study is qualitative research by exploring the strategic management to sustain the family businesses through owners’ integrity, customers’ relations, and focused attitude in their vocations.  As the family businesses are currently in transition of passing the torch to the next generation, their sustaining strategies have to be extended.

scholarly journals Global determinants of sustaining and developing family enterprises in Slovakia

2020 ◽  
Vol 74 ◽  
pp. 03005
Author(s):  
Mária Moresová ◽  
Mariana Sedliačiková ◽  
Alena Kaščáková
Keyword(s):  
Family Business ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Statistical Hypothesis ◽  
Internal Environment ◽  
Family Enterprises ◽  
Current State ◽  
Medium Enterprises ◽  
National Economies ◽  
Support Family

Family enterprises play an important role in global economies and in national economies of all developed countries. Creating new, and maintaining the existing family enterprises, combined with their continuous development should be the key priority of all countries. Based on the evaluation of the current state of family business in Slovak micro, small, and medium enterprises, the main objective of this paper is to identify the key determinants which affect its development. At the same time, the authors propose such measures the implementation of which into business practice will lead to sustainability of the existing, as well as the support of the newly established family enterprises in Slovakia. The research has been evaluated with the use of methods of testing the statistical hypothesis and methods of descriptive statistics. As the conducted research has proved, at the external environment, the most negative determinant that limits the activities of family enterprises is strong competition of other enterprises operating in the Slovak market. The biggest problem related to internal environment of family enterprises is obtaining a stable qualified. The results led to conclusions and recommendations, the implementation of which into practice will help to support family business in Slovakia.

scholarly journals New Product development: An analysis of two small and medium enterprises in Vietnam

2019 ◽  
Author(s):  
Duc-Anh Tran
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Family Business ◽  
Small And Medium Enterprises ◽  
New Product ◽  
Personal Interview ◽  
Enabling Factors ◽  
Exploratory Investigation ◽  
Medium Enterprises

The reasons for this exploratory investigation are to give a comprehension of the role of small and medium-sized enterprises (SMEs) in the new product development (NPD) procedure of SMEs in Vietnam and make a comparison between the NPD process and a particular case from the personal interview. The goal is to explore whether particular industries fully follow the NPD process or not. Firstly, discover the meaning of family business and SMEs; secondly, the NPD procedure; thirdly, using the NPD in the particular setting of SMEs (comparison). In addition, there are two questions, which are “How do small and medium-sized businesses conduct NPD activities?”, and “Which are the enabling factors and the constraining factors for NPD?”

scholarly journals IMPLEMENTATION OF GOVERNANCE IN SMEs: COMPARISON OF IMPLEMENTATION IN FAMILY AND NON-FAMILY BUSINESS (CASE STUDY IN SMEs IN YOGYAKARTA)

2021 ◽  
Vol 17 (2) ◽  
Author(s):  
Reza Widhar Pahlevi ◽  
Nooryantono Nooryantono
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Small And Medium Enterprises ◽  
Business Case ◽  
Family Businesses ◽  
Sampling Location ◽  
Advantages And Disadvantages ◽  
Medium Enterprises ◽  
Special Region ◽  
Business Structure

The purpose of this study is to identify the application of aspects of corporate governance in family businesses and SMEs scale non-family businesses in the Special Region of Yogyakarta and to identify differences in the application of aspects of corporate governance in family businesses and non-family businesses on the scale of SMEs in the Special Region. Yogyakarta. Respondents in this study involved SMEs in the Special Region of Yogyakarta. Five family businesses and five SME scale non-family businesses in the Yogyakarta Special Region were selected in each sampling location. The sample was determined by the convenience sampling method. This study will first examine the application of governance in family businesses and non-family businesses separately, then compare the application of governance between the two types of business.This study indicates that each type of business has carried out corporate governance in its business, but not maximally. There are advantages and disadvantages in its application. Most of the reasons for these differences in implementation arise from the basic characteristics that differentiate family businesses and non-family businesses, namely the ownership structure and the business structure. The more concentrated ownership and business structure, the less transparency, accountability, responsibility, independence, and fairness the company tends to be. On the other hand, in companies with more dispersed levels of ownership concentration and business structure, the application of the five aspects of corporate governance will increase.Keywords: Good Corporate Governance, Small and Medium Enterprises, Family and Non-Family Business

Micro Family Business and Socioeconomic Development

2019 ◽  
pp. 63-80
Author(s):  
Alejandro Vega-Muñoz ◽  
Guido Salazar-Sepúlveda
Keyword(s):  
Economic Development ◽  
Family Business ◽  
Socioeconomic Development ◽  
Small And Medium Enterprises ◽  
Grocery Stores ◽  
Technical Cooperation ◽  
Legal Regime ◽  
The Public ◽  
Secondary Sources ◽  
Medium Enterprises

This chapter studies family micro business in Chile and economic development generated around them, specifically in the commerce sector. Firstly, it introduces the micro, small, and medium enterprises context. Then, through a mixed methodology, narrative, and descriptive based on information from secondary sources such as legal bodies, reports, and databases generated by various Chilean State entities, it determines what is the micro family business in Chile and enterprises that are concentrated in the grocery stores. And finally, obtaining as main conclusions, the experience of these microentrepreneurs in opting to establish themselves as companies through an exceptional legal regime, based on the benefits gained from participating in the public technical cooperation program Grocery Stores of Chile is presented.

scholarly journals BFE Model—Business, Family and Environment—As Subsystems of the Family-Owned Business in Mexico City Metropolitan Area

Resources ◽  
2019 ◽  
Vol 8 (2) ◽  
pp. 96 ◽  
Author(s):  
Omar de la Cruz Vicente ◽  
Verónica López Castro ◽  
Leovardo Mata Mata ◽  
Fernando Tomé Bermejo
Keyword(s):  
Mexico City ◽  
Family Business ◽  
Metropolitan Area ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Structural Equations ◽  
Business Sector ◽  
And Performance ◽  
Medium Enterprises ◽  
Circle Model

This work proposes a model starting from the Three-Circle Model, based on the reality of the small and medium-sized family business sector in the Mexico City Metropolitan Area. The present paper proposes a new model that was built based on the Three Circle Model, but it is based on the reality of the Small and Medium Mexican family business sector. The model does not include the Ownership Subsystem, but it includes the Environment Subsystem, a subsystem that has a vital influence on the life and performance of an organization of that size. These three subsystems intersect in common elements such as culture, economy or company vision, triggering the success or failure of the company itself. The methodology used was a mixed methodology, with both qualitative and quantitative elements. First, the Delphi method was used on a scale that was applied to 25 owners of Small and Medium Enterprises and then, to make an additional confirmation, hypothesis testing, factorial analysis and the technique of structural equations were used. It was seen that the ownership subsystem has a lower weight than the business, environment and family subsystems, is the least relevant.

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