scholarly journals Innovación en las micro, pequeñas y medianas empresas familiares del sector manufacturero del Atlántico-Colombia/ Innovation in micro, small and medium-sized family business in the manufacturing sector in Atlántico-Colombia

2020 ◽  
pp. 124-144
Keyword(s):  
Data Collection ◽  
Family Business ◽  
First Generation ◽  
Manufacturing Sector ◽  
Family Businesses ◽  
Manufacturing Companies ◽  
Essential Factor ◽  
The Family ◽  
Survey Technique ◽  
Business Family

Resumen Las micro, pequeñas y medianas empresas manufactureras se enfrentan cada día a un panorama altamente competitivo en el cual la innovación constituye un factor esencial hacia la consolidación de sus planes en el mercado, su productividad, eficiencia y prosperidad, aún más, si se trata de empresas familiares, donde no siempre los objetivos empresariales están alineados con los de la familia empresaria. Bajo estas consideraciones, el presente artículo tiene por objetivo analizar la innovación en las empresas familiares del sector manufacturero del Departamento del Atlántico - Colombia. Para tal efecto, este estudio utilizó un tipo de investigación descriptiva, con un diseño no experimental, de campo. Para la recolección de datos, se utilizó la técnica de la encuesta, mediante un cuestionario con escala tipo Likert, aplicado a una muestra de 30 micro, pequeñas y medianas empresas del sector considerado. Los resultados muestran que la mayoría de las empresas están en manos de la primera generación familiar, haciendo un gran trabajo en la innovación y comercialización de sus productos, incorporando cambios en su diseño. Se concluye, que éstas poseen debilidades en la innovación organizacional y de procesos, demandando capacitación en innovación, empoderamiento del cuerpo directivo y actualización de equipos para el proceso productivo. Abstract Micro, small and medium-sized manufacturing companies face a highly competitive landscape every day in which innovation constitutes an essential factor towards the consolidation of their plans in the market, their productivity, efficiency and prosperity, even more, if it is about family businesses, where business objectives are not always aligned with those of the business family. Under these considerations, this article aims to analyze innovation in family businesses in the manufacturing sector of the Department of Atlántico - Colombia. For this purpose, this study used a descriptive type of research, with a non-experimental field design. For data collection, the survey technique was used, by means of a Likert-type scale questionnaire, applied to a sample of 30 micro, small and medium-sized companies in the sector considered. The results show that most of the companies are in the hands of the first generation of the family, doing a great job in the innovation and commercialization of their products, incorporating changes in their design. It is concluded that they have weaknesses in organizational and process innovation, demanding training in innovation, empowerment of the directive body and updating of equipment for the production process.

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 Revealing the Third Generation Myth in Family Businesses

2020 ◽  
Vol 9 (1) ◽  
pp. 17-22
Author(s):  
Sabitha Rani Saraswati
Keyword(s):  
Data Collection ◽  
Knowledge Transfer ◽  
Family Business ◽  
Structured Interview ◽  
Family Businesses ◽  
Third Generation ◽  
Collection Method ◽  
The Third ◽  
The Family ◽  
A Company

A family Business is a company or business which is run and managed by a family. Hence, the purpose of this study is to find out the truth of the Third Generation myth in family businesses. This study uses a data collection method using a semi-structured interview. This research uses source triangulation method which aims to test the credibility of the data which is carried out by checking the data that has been obtained from several sources. In this study, samples will be taken from several sources. The resource person himself will be taken from the senior generation as the owner of the family businesses and the next generation. The results of this study states that the decline of family businesses did not occur solely because of the mistakes of the third generation. Therefore, the third generation myth is not true. Keywords: family business, trust, knowledge transfer, delegation, third generation

scholarly journals The Transition of Family Business Leadership:

2018 ◽  
Vol 2 (3) ◽  
pp. 101-104
Author(s):  
Dahliana Kamener ◽  
Norasekin Ab. Rashid ◽  
Daniati Puttri
Keyword(s):  
Family Business ◽  
Succession Planning ◽  
First Generation ◽  
Second Generation ◽  
Family Businesses ◽  
Business Leadership ◽  
The Family ◽  
Family Leadership ◽  
Business Succession ◽  
Family Business Succession

The issue of succession is very important because the successful succession leads to the sustainability of a family businesses (Sharma & Dave, 2013). Generally, the family businesses are difficult to flourish and even many have bankrupt. Some family businesses are bound on the first generation  and some have collapsed in the second generation.  Literature shows that just 30 percent of family businesses can be passed along to the second generation, and 70 percent fail after first generation step down because there are no preparation for succession and inability  of the next generation to control and run the company (Aronoff, (2004).  The study purposed to examine six hypotheses and the result showed the succession planning, non-family leadership, and decision making authority unsignificantly affect on the succession of the family business. Nevertheless, founder's influence, successor and strategic planning variable affect significantly to the success of family business succession at Padang city, West Sumatera.  

scholarly journals MANAGING SUCCESSION IN A FAMILY OWNED SMALL-MEDIUM ENTERPRISES

2020 ◽  
Vol 3 (1) ◽  
pp. 21
Author(s):  
Honey Nandlal ◽  
Suresh Kumar
Keyword(s):  
Family Business ◽  
First Generation ◽  
Business Owners ◽  
Family Businesses ◽  
Business Survival ◽  
Key Informants ◽  
Development Agenda ◽  
The Family ◽  
Small Medium Enterprises ◽  
Medium Enterprises

<p>Nowadays, family businesses are of high number in countires and contribute to the development of the economy. This research was conducted due to the importance of family business survival and it focuses on factors that affect their performance. Recently, family businesses have been identified as one of the concerns in the global entrepreneurial development agenda. This is because of the existing problem which is caused by family business owners avoid planning and treat succession as a problem instead of an opportunity. This impacts the continuity of the family-owned business. This research is made to emphasize the importance of planning and the drawbacks of negative bias in viewing succession as a problem. This study is expected to make family business owners understand the importance of planning and treating succession as an opportunity to achieve continuity. Qualitative research method was chosen as the method of the research with first generation family business owners as the key informants. Three key informants are chosen; Mr. Untoro A. Suryadi, Mr. IS and Mr. AS. In conclusion, family business should stop strategizing succession and treat succession as a practice.</p>

scholarly journals Comparison of Family Business Supply Chain Integration of International and Non-International Food Industry Sector of Michoacán

2021 ◽  
Vol 11 (2) ◽  
Author(s):  
Bertha Molina-Quintana ◽  
María Berta Quintana-León
Keyword(s):  
Supply Chain ◽  
Family Business ◽  
Measurement Instrument ◽  
Family Businesses ◽  
Supply Chain Integration ◽  
Manufacturing Companies ◽  
Food Sector ◽  
The Family ◽  
Relationship Of ◽  
The Relationship

The purpose of this research is to compare the integration of the supply chain of international family businesses with the integration of the supply chain of non-international family businesses in the food sector of Michoacán, Mexico, in order to analyze whether there are differences between the relationship of companies with their suppliers and customers given the international context. The supply chain integration is measured through the methodology of arcs of integration, to graphically represent the integration towards suppliers or customers, illustrated through an arc. The measurement instrument was applied to 93 family food manufacturing companies, of which only 14 companies participate in the international market. Statistics such as ANOVA is used to analyze the data and obtain valid results. The study determined that the internationalization of the family business contributes significantly to the integration of the supply chain in terms of suppliers, but not in terms of customers.

Two Sides of a One-Sided Phenomenon: Conceptualizing the Family Business and Business Family as a Möbius Strip

2008 ◽  
Vol 21 (3) ◽  
pp. 217-236 ◽  
Author(s):  
Reginald A. Litz
Keyword(s):  
Family Business ◽  
Process Model ◽  
Family Businesses ◽  
Möbius Strip ◽  
Diverse Range ◽  
The Family ◽  
Two Sides ◽  
Business Family ◽  
Mobius Strip

This article compares the family business, and its reciprocal institution, the business family, to a one-sided band known as the “Möbius strip.” After explaining the rationale for this comparison, the conceptualization is enriched and then enlarged to accommodate the diverse range of firms identifying themselves as family businesses. Next, a process model is presented to explain the emergence, existence, and decline of the familybusiness interface. The article concludes with a discussion of several research-related implications arising from this comparison.

scholarly journals Sustainability Practices in Australian Firms: The Effect of Family Control and the Generational Stage

2021 ◽  
Vol 13 (3) ◽  
pp. 1244
Author(s):  
Carlos Fernández-Méndez ◽  
Rubén Arrondo-García
Keyword(s):  
Risk Aversion ◽  
Family Business ◽  
First Generation ◽  
Central Element ◽  
Family Businesses ◽  
Family Control ◽  
The Family ◽  
Sustainability Practices ◽  
The Relationship ◽  
Generational Stage

This paper examines the effects of family control on a firm’s adoption of sustainability practices, with special attention given to the heterogeneity of the family business derived from the generational stage of the company. Using a panel of 166 Australian companies listed between 2011 and 2018, we found that family businesses have lower sustainability scores compared to non-family businesses, according to the predictions of the socioemotional wealth (SEW) approach. For a subsample of family businesses, we found that multi-generational family businesses score better on sustainability than firms managed by the founders (first-generation). The SEW perspective could explain the effects of family control based on the pursuit of non-economic goals and the higher risk-aversion of family businesses. The decline in non-economic goals resulting from the ageing of the company stimulates the adoption of better sustainability practices. The generational stage of a family business could be a moderator of the relationship between family control and the adoption of sustainability practices and is a central element in explaining the disparity in the sustainability policies within family businesses.

The innovation and internationalisation processes of family businesses

2017 ◽  
Vol 27 (2) ◽  
pp. 231-247 ◽  
Author(s):  
Vitor Braga ◽  
Aldina Correia ◽  
Alexandra Braga ◽  
Sofia Lemos
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Businesses ◽  
Family Management ◽  
Multivariate Statistic ◽  
Content Type ◽  
Business Innovation ◽  
The Family ◽  
Internationalisation Strategies ◽  
Innovation Processes

Purpose The success of the family firms cannot be detached from the current paradigm where, within the present economic conditions, economic agents struggle to exploit the existing opportunities and need to take into account the risks associated to the international arena and the innovation processes. The internationalisation and innovation processes may trigger resistance within family business due to their relatively higher difficulty to take risks and to invest in industries outside the scope of their original core business. Innovation and internationalisation processes become relevant strategies for the family firms’ continuity and success. In line with such fact, the aim of this paper is to contribute with insights regarding the processes of innovation and internationalisation within family businesses. In particular, this paper aims to assess the propensity of such firms to apply such strategies, to identify the particular business behaviour and to assess the extent to which the particulars of family firms may constraint or lead to the implementation of innovation policies, and thus its internationalisation. Design/methodology/approach The data were collected through questionnaires within family business aiming to understand the scope and characteristics of internationalisation and innovation processes within these firms. The 154 replies from such data collection were analysed using different multivariate statistic procedures, although this paper is based on factorial and correlation analysis. Findings The analysis of the results shows that there is an association between the processes of innovation and internationalisation within family business. In addition, the results also suggest a typology of firms regarding their innovation and internationalisation strategies and motivations. Research limitations/implications The results of this paper are, to some extent, limited because they did not allow comparing the findings with data from non-family business. However, the authors’ aim was not to distinguish family firms, but rather to characterise them. Practical implications This paper expects to contribute with lessons for the management of family business and to raise awareness of the constraints faced by family business. It is important to highlight that family business performance may be affected by a lower propensity to risk-taking attitudes, by the lack of non-family management and to the necessity of separating the family and the business in the business dimensions that the family limits the business growth. Originality/value Although there is a significant amount of the literature devoted to explore family business, innovation and internationalisation studies, very few draw on the relationship between internationalisation and innovation processes within family business. This paper explores such a relationship within a particular business context – the family dynamics that strongly affect management and business development.

Family succession, professionalization and internationalization: a study of Brazilian family businesses

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Augusto Dalmoro Costa ◽  
Aurora Carneiro Zen ◽  
Everson dos Santos Spindler
Keyword(s):  
Family Business ◽  
Family Members ◽  
Secondary Data ◽  
Family Businesses ◽  
Three Dimensions ◽  
Content Type ◽  
The Family ◽  
Two Generations ◽  
Internationalization Strategies ◽  
The Relationship

PurposeThe purpose of this paper is to investigate the relationship between family succession, professionalization and internationalization in family businesses within the Brazilian context.Design/methodology/approachThe paper presents a multiple-case study method with three Brazilian family businesses that have at least two generations of the owning family involved in the business and an international presence of at least three years. In-depth interviews and secondary data were undertaken with family and non-family members of each case.FindingsThe authors' results show that a family business can boost its internationalization by introducing both succession planning and professionalization on international activities. As family members tend to be more risk-averse and focused on keeping the family business within the family, professionalization is a way of improving the firm's ability to expand internationally. This process tends to lead to lower performance by the firm for the first few months or the first year after the investment, but afterward, international performance tends to grow exponentially.Originality/valueOnly a few studies have been concerned on the relationship of these three dimensions. Thus, the research takes into account that professionalization and succession lead family businesses to improve their internationalization strategies.

scholarly journals Celebrity Couples as Business Families: A Social Network Perspective

2021 ◽  
pp. 089448652110503
Author(s):  
Yasaman Gorji ◽  
Michael Carney ◽  
Rajshree Prakash
Keyword(s):  
Social Networks ◽  
Social Relationships ◽  
Family Business ◽  
Economic Capital ◽  
The Family ◽  
Hollywood Movies ◽  
Career Performance ◽  
Business Family ◽  
Production Industry

We depict Hollywood celebrity couples as business families who participate in the project-based movie production industry, which is a temporary and disaggregated form of organization where skilled individuals are linked to one another through contractual and social relationships. Appearing in Hollywood movies generates celebrity capital, which can be converted into economic capital through involvement in endorsements and other rent-generating activities. Finding projects is facilitated by membership in high-quality social networks, and we consider celebrity marriage as a means of merging two individuals’ social networks, which can be mutually beneficial for both parties. We develop and test three hypotheses about the quality of social networks prior to and after marriage and analyze their impact upon celebrities’ postmarriage career performance. We contribute to the family business literature by exploring hybridized and adaptive forms of business family in contemporary project industries, which has the potential to enlarge family business scholars’ research horizons.

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