Family Firms and the Effects of Organizational Culture on Their Innovation

2022 ◽  
pp. 1082-1102
Author(s):  
Elif Baykal
Keyword(s):  
Organizational Culture ◽  
Financial Performance ◽  
Organizational Climate ◽  
Family Firms ◽  
Work And Family ◽  
Work Outcomes ◽  
Organizational Cultures ◽  
Important Work ◽  
The Relationship

Owing to the fact that sustainability and the financial performance of businesses are important work outcomes in family firms, in this chapter for both reaching work and family related goals and ensuring sustainibility, it is proposed that family firms as in the case with their non-family counterparts will prefer to exploit innovativeness in attaining their financial goals. The main objective of this chapter is understanding innovative inclinations and preferences of family firms and examining the relationship between innovativeness and organizational cultures of these companies. And it is suggested that organizational culture will act as a catalyzer in this relationship. In the chapter, innovativeness in family firms has been examined in detail. Main types of organizational cultures regarding innovation in family firms have been explained in detail, and an approach that suggests that organizational climate is closely related with the innovativeness of family firms has been adopted.

Family Firms and the Effects of Organizational Culture on Their Innovation

2019 ◽  
pp. 207-226 ◽  
Author(s):  
Elif Baykal
Keyword(s):  
Organizational Culture ◽  
Financial Performance ◽  
Organizational Climate ◽  
Family Firms ◽  
Work And Family ◽  
Work Outcomes ◽  
Organizational Cultures ◽  
Important Work ◽  
The Relationship

Owing to the fact that sustainability and the financial performance of businesses are important work outcomes in family firms, in this chapter for both reaching work and family related goals and ensuring sustainibility, it is proposed that family firms as in the case with their non-family counterparts will prefer to exploit innovativeness in attaining their financial goals. The main objective of this chapter is understanding innovative inclinations and preferences of family firms and examining the relationship between innovativeness and organizational cultures of these companies. And it is suggested that organizational culture will act as a catalyzer in this relationship. In the chapter, innovativeness in family firms has been examined in detail. Main types of organizational cultures regarding innovation in family firms have been explained in detail, and an approach that suggests that organizational climate is closely related with the innovativeness of family firms has been adopted.

scholarly journals Linking organizational culture with financial performance

2020 ◽  
Vol 2 (1) ◽  
pp. 38-43
Author(s):  
Muhannad Abu Mahfouz ◽  
Daud Ahmed Muhumed
Keyword(s):  
Organizational Culture ◽  
Firm Performance ◽  
Literature Review ◽  
Financial Performance ◽  
Organizational Cultures ◽  
Firm Financial Performance ◽  
Different Types ◽  
The Relationship

Organizational culture and firm performance are some of the most researched topics in management because of their importance to organizations. Many studies have explored the relationship between organizational culture and firm performance.  The aim of the study is to link organizational culture and firm financial performance and this link was explained by conducting a literature review. The paper investigated the linking organizational culture and financial performance and found that there are different types of organizational cultures and all of them affect the performance of organizations.

scholarly journals Organizational culture and perceived effectiveness: a case study of an insurance company

2019 ◽  
Author(s):  
Milica Slijepcevic ◽  
Jelena Krstic
Keyword(s):  
Organizational Culture ◽  
Organizational Climate ◽  
Organizational Effectiveness ◽  
Research Question ◽  
The Other ◽  
Insurance Company ◽  
Effective Utilization ◽  
Other Hand ◽  
Culture And Climate ◽  
The Relationship

Research question: This paper studies the relation between organizational culture and perceived organizational effectiveness of an insurance company in a developing country with an emerging economy.Motivation: The main objective of the research is to determine whether there is a correlation between organizational culture and climate as a narrower concept, on the one hand and perceived organizational effectiveness on the other hand. Some authors noted a correlation between these organizational aspects. For example, Yan (2016) empirically confirmed that organizational culture positively and significantly correlates with organizational effectiveness. The relationship between organizational culture and organizational effectiveness was also examined by Cox and Trotter (2016), Chen (2017) and Deem, De Lotell and Kelly (2015). Idea: Starting from the findings of other authors that organizational culture indeed affects effectiveness, the authors of this paper wanted to examine whether this relation existed in  a state-owned insurance company in an emerging economy and if so, how to use this  to improve employees’ performance and overall business results. Data: They conducted the research in June 2017 on the sample of employees of Dunav Insurance Company and obtained six hundred and sixty six valid questionnaires. Tools: The questionnaires consisted of five general questions about demographic variables and twenty-nine closed-ended questions related to the topic. The researchers assessed the correlation between variables by Spearman Rho Coefficient and Chi-Square significance. Findings: The results showed the relationship between a number of aspects of organizational culture and climate on one hand and perceived organizational effectiveness on the other hand. Research results showed that the evaluation of effective utilization of working hours and professional capabilities is largely connected with the aspects of organizational climate that reflect poor working conditions and unethical attitude of employees. However, the evaluation of effective utilization of professional capabilities also relates to the perception of predominant aspects of an organizational climate that inspire positive internal relations. Contribution: The results presented in the paper can be used as the basis for organizational and managerial decision-making to improve work processes in the observed organization.

Socioemotional wealth and human resource policies: effects on family firm performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Juan David Peláez-León ◽  
Gregorio Sánchez-Marín
Keyword(s):  
High Risk ◽  
Financial Performance ◽  
Human Resource ◽  
Family Firms ◽  
Equation Modeling ◽  
Positive Contribution ◽  
Socioemotional Wealth ◽  
Content Type ◽  
Firm Financial Performance ◽  
The Relationship

PurposeThis study analyses whether human resource management (HRM), through the use of four sets of high-performance work policies (HPWPs) (i.e. selection, training, motivation and opportunity policies), mediates the relationship between socioemotional wealth (SEW)—defined as a unique set of nonfinancial family goals—and firm financial performance when family firms face a high-risk context.Design/methodology/approachHypotheses were statistically tested using a structural equation modeling (SEM) methodology with a cross-sectional sample of 196 medium-sized and private family firms in a high-risk context in Spain.FindingsThe results indicate that the relationship between SEW and financial performance in family firms is fully mediated by the use of HPWPs, especially by training and motivation HR policies. The importance given to preserving SEW influences the use of four sets of HPWPs when family firms show clear evidence of being confronted by a financial decline (i.e. a high-risk context). However, to improve their financial results to avoid the firm's failure and thus the loss of their SEW, only those HR policies that focus on training and motivation made a significant and positive contribution to the firm financial performance.Originality/valueThis study contributes to the literature on family firms and HRM by adopting an alternative theoretical framework to understand how the importance of nonfinancial family goals may affect employee structures and management policies, thereby improving financial performance in family firms.

scholarly journals The Relationship Between Organizational Culture and Administrative Creativity in Universities

2018 ◽  
Vol 14 (4) ◽  
pp. 146
Author(s):  
Ibtisam Khalid Yahia Salama
Keyword(s):  
Saudi Arabia ◽  
Organizational Culture ◽  
Job Performance ◽  
Organizational Climate ◽  
Research Work ◽  
Theoretical Background ◽  
Efficient Manner ◽  
Effective Factor ◽  
The Individual ◽  
The Relationship

The organizational culture is a critical and coral factor in achieving the dimensions of the administrative creativity. It can be said that the improvement of the practice of organizational culture contributes as an effective factor in the level of administrative creativity in all its dimensions. The organizational culture plays a major role in all levels and activities within the administrative system. It contributes in the creation of the convenient organizational climate, which in turn works on improving and developing the performance in a convenient and efficient manner. It also helps in achieving the individual, collective and organizational objectives that is highlighted through embodiment, development of the modern values, orientations, behavior and standards which work on growth and development of job performance (Alkurdi, 2010). This paper will try to build a theoretical background on the organizational culture and administrative creativity in Saudi Arabia education socity. The main objective is to show the significance of organizational culture and administrative creativity and also the relationship between organizational culture and administrative creativity in universities. This research work showed how the organizational culture is important to the education filed in Saudi Arabia. It contributes in assisting the individual in problem solving and decision making. It helps to make a decisive decision in a relatively record time, and enable to discover problems in order to solve them.

PERSONAL MANAGEMENT TECHNIQUES IN PRESCHOOL EDUCATION INSTITUTIONS BASED ON ORGANIZATIONAL CULTURE

2018 ◽  
Author(s):  
Xia Yuanyuan ◽  
◽  
Shen Jialong ◽  
Keyword(s):  
Organizational Culture ◽  
Organizational Climate ◽  
Learning Community ◽  
Housing Stock ◽  
Preschool Education ◽  
Well Being ◽  
Free Food ◽  
Work And Family ◽  
Kindergarten Teacher ◽  
Team Culture

Teachers are the main human resource for the development of preschool education. Effective management of preschool teachers should be based on the real characteristics of teachers and a unique cultural background. Based on the special organizational environment of the kindergarten, this study analyzed past development experience by conducting a literature method and questionnaires, and then identified the shortcomings of the current leadership of the kindergarten teacher. We found that kindergarten teachers are younger, and the gender difference is significant. The teachers interviewed generally had a low initial level of education, which reached only the national minimum standard. Moreover, whether teachers are in officially budgeted positions can influence the development of their professional concepts and ethics (Sig bilateral <0.05). In terms of organizational culture, we have proposed strategies for managing a kindergarten teacher from four aspects, namely: improving well- being through benefits and preferences, such as “five social insurances and one housing stock”, discounts on childcare costs and free food on weekdays; formation of a team culture that balances work and family through the integration of culture in the overall management system of the kindergarten. Creating a learning community and harmoniously creating an organizational climate in kindergartens, aimed at helping to build high-quality professional teachers to implement healthy development of preschool education by encouraging teachers to carry out teaching and research projects and research, forming a team of like-minded people. Building a harmonious organizational climate will increase the assessment of kindergarten management, the educational function of culture, turn kindergarten into an emotional home with humanistic care and make teachers feel the value of their own lives and the importance of existence.

scholarly journals Family Business and Financial Performance: What are the Effects of Tax Cut Policy on Them in Uzbekistan?

2020 ◽  
Vol 6 (4) ◽  
pp. 27-45
Author(s):  
Yusupov Jasurbek ◽  
Sakata Kei
Keyword(s):  
Financial Performance ◽  
Family Business ◽  
Family Firms ◽  
The Family ◽  
The Difference ◽  
The Impact ◽  
The Relationship ◽  
Unbalanced Panel Data ◽  
Business Study

This study is the first comprehensive empirical study to examine the relationship between the family business and the firm’s performance in Uzbekistan. In this research, we investigate the relationship between family firms and financial performance using enough extensive unbalanced panel data from 2012 through 2015 on 3148 non-banking/non-government firms. Moreover, we analyze the impact of tax cut policy on SMEs, including family firms from a case study of Uzbekistan by using the difference-in-difference estimator. These two will be a major contribution to the family business study field in Uzbekistan.

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