Leadership and Religion in Family Business

2022 ◽  
pp. 861-877
Author(s):  
Allan Discua Cruz
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Entrepreneurial Leadership ◽  
Business Form ◽  
The World ◽  
Values And Beliefs

This chapter focuses on how and why entrepreneurial leadership in family businesses may be influenced by Christianity. This chapter is motivated by the need to understand further the influence that entrepreneurial leadership entails in the context of the most predominant business form around the world: family business. To contribute to understanding, this chapter offers a model to understand the nature of entrepreneurial leadership in family business influenced by the values and beliefs embedded in Christianity.

Leadership and Religion in Family Business

2019 ◽  
pp. 231-247
Author(s):  
Allan Discua Cruz
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Entrepreneurial Leadership ◽  
Business Form ◽  
The World ◽  
Values And Beliefs

This chapter focuses on how and why entrepreneurial leadership in family businesses may be influenced by Christianity. This chapter is motivated by the need to understand further the influence that entrepreneurial leadership entails in the context of the most predominant business form around the world: family business. To contribute to understanding, this chapter offers a model to understand the nature of entrepreneurial leadership in family business influenced by the values and beliefs embedded in Christianity.

Family Business Governance

2021 ◽  
pp. 24-40
Author(s):  
Reena Agrawal ◽  
Ganga Bhavani
Keyword(s):  
Corporate Governance ◽  
Best Practices ◽  
Family Business ◽  
Family Businesses ◽  
Business Strategies ◽  
Business Organizations ◽  
Substantial Portion ◽  
Advantages And Disadvantages ◽  
The World

Corporate governance is a significant tool to build strong and long relationships among various stakeholders in kinds of business organizations. Family businesses are not an exception to this. Like any other businesses, family businesses also need to have governance in place and practice to achieve the business strategies and to have long-term succession. Family-owned businesses are the backbone of many countries' economies in the world contributing substantial portion of GDP. Considering these, it is important to know the best practices of governance in family owned business organizations and the role played by governance to improve the strengths of these businesses. The chapter throws light on family business governance and explores various important practices highlighting their advantages and disadvantages in detail.

A Conceptual Study on Nepotism and Effects in Family Enterprises

2017 ◽  
Vol 3 (1) ◽  
pp. 59-64
Author(s):  
Derya Çevik Taşdemir ◽  
Filiz Çayırağası ◽  
Gülsüm Günbala Güven
Keyword(s):  
Family Business ◽  
Turnover Rate ◽  
Holistic Approach ◽  
Family Businesses ◽  
Business Failure ◽  
Labor Turnover ◽  
Family Enterprises ◽  
The Family ◽  
The World ◽  
Conceptual Study

An important part of the businesses in the world and in Turkey is a family business. In this context, the economy is largely dominated by family businesses. Literature studies showed that nepotic approaches are more common in family businesses than in other businesses. Nepotism, the problems that the family business has caused; non-institutionalization, increase in labor turnover rate, decrease in organizational commitment, decrease in productivity. It is directly related to the solution of nepotism problems in the family business, the increase of the market share, and the extension of the life span. This article is about nepotism and family businesses; success in family business, failure, strategy, etc. aims at conceptual evaluation of the effect in a holistic approach from the angles and within the frame of institutionalization.

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 Family Business in India: Performance, Challenges and Improvement Measures

2020 ◽  
Vol 1 (1-2) ◽  
pp. 9-30
Author(s):  
Himani Chahal ◽  
Anil K. Sharma
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Stock Exchange ◽  
Family Businesses ◽  
New Family ◽  
The World ◽  
The Status ◽  
Improvement Measures ◽  
Family Business Groups ◽  
Performance Challenges

Existing literature on family businesses brings out their significance globally. The prevalence of family businesses is a phenomenon that is universal and found in most countries worldwide, although their relative impact on economies does vary. This article reviews papers in the accounting and finance literature on family businesses around the world and shows that the involvement of family members in the business may have a positive, negative or no impact on its financial performance. In the Indian context, the literature review indicates that India’s rich and ancient history seems to be interrelated with the family-run businesses as the principal means of business organization. The paper gives a glimpse of the status of family businesses in India since independence and the distinct characteristics of Indian family businesses. In the next section, we try to find out how family firms are performing in India in comparison to non-family firms by studying companies listed in the National Stock Exchange of India Ltd. (NSE) 500 Index for a period of 5 years ranging from 2014 to 2018. The results show that family businesses are not performing significantly better than non-family firms in the Indian business scenario. We try to highlight the reasons for the same by underlining the issues faced by family businesses and suggest measures to overcome these issues. The study concludes with a discussion on the lessons that new family business ventures can take from family business groups in India that have made a mark in the Indian and the world business scenario because of their ability to face and successfully overcome challenges faced by family firms.

Women Entrepreneurs in Family Business: The Hungarian Case

1997 ◽  
Vol 10 (3) ◽  
pp. 281-302 ◽  
Author(s):  
Robert D. Hisrich ◽  
Gyala Fülöp
Keyword(s):  
Family Business ◽  
Women Entrepreneurs ◽  
Well Being ◽  
Family Businesses ◽  
The Family ◽  
The World ◽  
Hungarian Case ◽  
Role Of Women ◽  
Women's Role

Although in many countries throughout the world a large percentage of firms are family businesses that directly impact the well-being of an economy, research in the field, particularly on the role of women, has been very sparse. By exploring the role of women in family business within a Hungarian context, this paper provides an indication of the similarities and differences of women entrepreneurs in family businesses and how this reflects their social structure. Since owning and running a family business requires a lifestyle that deeply impacts the women's role in society and in the family, governments need to address some fundamental issues that will help women in this process.

Family Businesses and Digital Entrepreneurship Adoption: A Conceptual Model

2020 ◽  
Vol 29 (2) ◽  
pp. 326-364
Author(s):  
Sami Basly ◽  
Amira Hammouda
Keyword(s):  
Conceptual Model ◽  
Family Involvement ◽  
Family Business ◽  
Family Firms ◽  
Family Businesses ◽  
Socioemotional Wealth ◽  
Primary Appraisal ◽  
The Family ◽  
The World ◽  
Digital Entrepreneurship

Despite the prevalence of family businesses around the world, research on their contribution to the digital economy is still needed. A primary appraisal of the characteristics of the family business and the features of digital entrepreneurship suggests that the two phenomena are conflicting. Indeed, the most common descriptions of family businesses convey the idea that they favour stability to change and slow evolutions to upheavals and disruptions. This article attempts to answer the question: How could family businesses embrace the values and overcome the hindrances to digital entrepreneurship? To this end, this article suggests a conceptual model of digital entrepreneurship adoption in family firms. Based on the socioemotional wealth logic, we first describe the main variables influencing digital entrepreneurship adoption and then analyse the moderating influence of family involvement in the firm on the relationships between these variables and digital entrepreneurship adoption. Theoretical contributions and practical insights are presented.

An entrepreneurial migrant family: The rise of Aw Boon Haw’s business empire in the Asia-Pacific

2020 ◽  
Vol 29 (2) ◽  
pp. 254-268
Author(s):  
Victor Zheng ◽  
Hao Gao
Keyword(s):  
Family Business ◽  
Family Businesses ◽  
Asia Pacific ◽  
Business Growth ◽  
Substantial Evidence ◽  
Family Control ◽  
Migrant Background ◽  
The World ◽  
Migrant Family ◽  
Migrant Entrepreneurs

This research note uses the rise of Aw Boon Haw’s dynastic family businesses across Asia to illustrate Chinese migrant entrepreneurs’ business development and dynamism. Although it is known that the management and operation of Chinese migrant family businesses do have disadvantages, there is substantial evidence that family control and network capital can facilitate their business endeavors. Through the case of the Aw family business, it was found that by using key strategies of family control and its network capital, even though their migrant background posed multi-layered disadvantages, the Aw family was able to rise from rags to riches in the medicine and newspaper businesses. Not only did their migrant background not restrict Aw family business growth, it fostered its expansion in the region and the world.

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