scholarly journals Efforts to Prevent the Conflict in the Succession of the Family Business Using the Strategic Collaboration Model

2017 ◽  
Vol 5 (2) ◽  
pp. 49
Author(s):  
Efrijal Adil ◽  
Muhammad Dharma Tuah Putra Nasution ◽  
Samrin Samrin ◽  
Yossie Rossanty
Keyword(s):  
Family Business ◽  
Sampling Technique ◽  
Business Leaders ◽  
Output Stage ◽  
Collaboration Model ◽  
The Family ◽  
New Business ◽  
The Difference ◽  
Potential Successor ◽  
Selection Of

The issue of succession is important news if there is a generation that involved more than one man. Of course, the possibility of dispute occurs as a result of the difference in the perspective of the successor generation when running the business. The proposed research aims to demonstrate how the process of succession in the family business with Strategic Collaboration Models (SCM). This research includes descriptive qualitative research. The data will be collected with the interview and selection of informants using the purposive sampling technique. In this proposed research, the informants are the founder generation that including family business leaders and potential successor. The result of this research is expected to explain the process of succession through strategic collaboration model. Three phases need to be addressed when the process of succession already from input, process, and output. The input stage is more advancing in training, guidance and direction program for the successor generation. In the process, stages explain how the founder generation can identify the interest and talents of the successor generation. This case is aimed to know whether the business existence related to interest and talent for the successor generations. In output stage will explain how the founder generation and the successor ability to calculate about how much financing required to build a new business. In the family business allows a conflict, so it necessary anticipates with how about the existence of an agreement can separate the business from the founder generation with the business from the successor.

scholarly journals Dinamika Kemandirian Mahasiswa Perantauan

2021 ◽  
Vol 1 (3) ◽  
pp. 167
Author(s):  
Nadia Fauzia ◽  
Asmaran Asmaran ◽  
Shanty Komalasari
Keyword(s):  
Parenting Style ◽  
Sampling Technique ◽  
Research Approach ◽  
Overseas Students ◽  
Descriptive Research ◽  
Change Factors ◽  
The Family ◽  
Qualitative Descriptive ◽  
The Subject ◽  
Selection Of

The purpose of this study is to discuss the dynamics of the independence of UIN Antasari Banjarmasin students and what factors are behind the independence of UIN Antasari Banjarmasin students. The reason is because overseas there are changes in conditions and situations, so that students who leave will experience dynamics of independence. This type of research is a qualitative descriptive research approach. Selection of subjects using purposive sampling technique, which is based on the characteristics of the subject in accordance with the research objectives to be carried out. The object of this research is the dynamics of independence, the subject is 5 overseas students. Data collection techniques using interviews and observations. Based on the results of research that overseas students of UIN Antasari Banjarmasin need a process to be independent in living their lives overseas. That is because overseas there has been a change. Factors that influence the dynamics of independence of overseas students at UIN Antasari Banjarmasin are factors of parenting style, the order of children in the family, age and the education system in schools.

Retiring From the Family Business

2011 ◽  
Vol 24 (4) ◽  
pp. 292-304 ◽  
Author(s):  
Marylène Gagnè ◽  
Carsten Wrosch ◽  
Stephanie Brun de Pontet
Keyword(s):  
Family Business ◽  
Planning Process ◽  
Retirement Planning ◽  
Business Leaders ◽  
Retirement Age ◽  
Psychological Variables ◽  
Retirement Expectations ◽  
Goal Adjustment ◽  
The Family ◽  
Goal Disengagement

A longitudinal study of family business leaders nearing retirement age examined the effects of goal adjustment capacities (disengagement and reengagement) on retirement planning. Goal disengagement predicted taking concrete steps to prepare retirement, whereas goal reengagement was related to having positive retirement expectations. Family business leaders with high goal reengagement capacities who trusted their successor’s abilities set an earlier retirement date than others. Leaders with poor goal disengagement capacities who did not trust their successor were unable to improve their retirement expectations over time. This study shows the importance of psychological variables in the retirement planning process of family business leaders.

scholarly journals Pushing Or Pulling Of The Business By Family Members: A Study Of Family Businesses In Sri Lanka

2015 ◽  
Vol 7 (1) ◽  
pp. 121-128 ◽  
Author(s):  
Ravindra H. Kuruppuge ◽  
Aleš Gregar
Keyword(s):  
Sri Lanka ◽  
Agency Theory ◽  
Family Involvement ◽  
Family Business ◽  
Sampling Technique ◽  
Agency Cost ◽  
Family Businesses ◽  
Research Approach ◽  
Advantages And Disadvantages ◽  
The Family

AbstractA number of family business researches affirm benefits of family involvement to the business while some of other studies assure only detriments of family involvement. When comparative studies of family businesses begin to surface on the family involvement in business, there is that irritating question on what effect is brought about by family involvement to the business. Therefore, the purpose of this study is to explore business advantages and disadvantages generated by family involvement in businesses in Sri Lanka. The present study attempted to address the above knowledge gap, using qualitative research approach and multiple case studies as the strategy of inquiry. Purposive sampling technique was used to select both cases and respondents. Privately held, successfully conducted four family businesses were selected as cases and, existing business owner and one family related manager from each case were taken as respondents. Data was collected mainly via semi-structured, in depth interviews, observations, and secondary documents. Data collection from interviews consisted of 15 interviews with 09 different people from four cases. Before the data analysis, coding and categorization of respondents’ views from interviews helped to identify common patterns and themes from both within the case and across cases. The analysis was carried out in the light of Agency Theory and resulted in a rich understanding of business advantages and disadvantages of family involvement in businesses in Sri Lanka. The findings of this study indicated that the agency cost is created not only on business matters but also on family matters. Further, findings revealed that agency benefit also can be obtained by family business by handling the family matters carefully in line with business matters. Findings of this study clearly indicated that an extension to Agency Theory is required to explain owner agent relationship in family businesses.

FAMILY BUSINESS SUCCESSION: EVOLUTIONARY ECONOMICS APPROACH

2008 ◽  
Vol 16 (03) ◽  
pp. 279-298 ◽  
Author(s):  
JUHA KANSIKAS ◽  
TUOMAS KUHMONEN
Keyword(s):  
Family Business ◽  
Evolutionary Economics ◽  
Family Relations ◽  
Family Firm ◽  
Evolutionary Forces ◽  
2Nd Generation ◽  
The Family ◽  
Business Succession ◽  
Family Business Succession ◽  
Selection Of

This study analyses family business continuity from founder generation to the 2nd generation in terms of succession in the context of evolutionary economics. Two literature bases; family business succession and evolutionary thinking in organisational and economic change, are reviewed and combined to provide insights to understand the nature of family business succession. Operation of the key evolutionary forces — variation, selection, retention and struggle — in family business succession are illustrated. Regarding variation, there is a concern for understanding the importance of having enough diversity within the family firm, since this diversity of routines and competences comprises the pool of variation from which to select when the environment changes. With regards to selection, there is a concern for understanding the risk of selection bias easily rooted in the family firm culture: are some variations favoured in the selection of operating, investment and search routines because of family relations, emotions and values, including decisions on who will succeed and who will own the firm in the future. Elaboration and investigation of these concepts may help to identify special characteristics of the "family firm species" that are either beneficial or risky for the survival in the evolutionary struggle.

scholarly journals Penerapan Konseling Kelompok Adlerian Untuk Mengurangi Rasa Rendah Diri Siswa Obesitas

Konselor ◽  
2015 ◽  
Vol 4 (1) ◽  
pp. 42
Author(s):  
Raja Rahima ◽  
Neviyarni Neviyarni ◽  
Daharnis Daharnis
Keyword(s):  
Group Counseling ◽  
Sampling Technique ◽  
Statistical Technique ◽  
Psychological Disorder ◽  
Physical Conditions ◽  
Before And After ◽  
Post Test ◽  
The Difference ◽  
The One ◽  
Selection Of

Inferiority is one of psychological disorder of student’s obesity. One of the approach that can be used to reduce the inferiority of student’s obesity is Adlerian group counseling. Theorically, Adler discusses physical condition as a factor causing inferiority of humans. This study is aimed to: (1) describe the inferiority of student’s obesity before and after being given the Adlerian group counseling; (2) effectiveness of Adlerian group counseling to reducing inferiority of student’s obesity. This study is conducted by using quantitative method, that is quasi experiment, the one group pre-test post-test design is used. The selection of subjects in this study using non-random sampling technique with purposive sampling method. The subjects were 12 student’s obesity with high and medium levels of inferiority. This study was conducted in SMPI Khaira Ummah Padang from October to November 2014. The instrument used Likert scale. The analyzed was using non-parametric statistical technique that is Wilcoxon’s test. The findings of this study indicate that: (1) there is the difference of inferiority of the student’s obesity before and after being given treatment of Adlerian group counseling. Inferiority of student’s obesity has descreased after being given treatment; (2) Adlerian group counseling effective to reducing inferiority of student’s obesity. Adlerian group counseling can significantly to reduce inferiority student’s obesity, beneficial to further reduce the problem of inferiority due to other physical conditions

Ryan's Dilemma

2018 ◽  
pp. 1-11
Author(s):  
Neharika Vohra ◽  
Smriti Agarwalla ◽  
Snehil Basoya
Keyword(s):  
Family Business ◽  
Career Choices ◽  
Management Training ◽  
Business Leaders ◽  
Business Change ◽  
Accelerate Growth ◽  
New Business ◽  
Taking Charge ◽  
Business Line ◽  
One Year

The case narrates the experiences of a fresh MBA graduate, Ryan, from a top business school in India. After graduating, he joined his traditional family business with the aim to transform it, accelerate growth and start a new business line. Ryan starts several initiatives over one year but his efforts are met with failure. The case focuses on the decisions he takes and the difficulties he has in making career choices. The case lends itself to discussion on taking charge of a business, change management, training next generation family business leaders and career choices by young management graduates.

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.

scholarly journals Setting the Children’s Teeth on Edge? The Influence of Parental Alcoholism on Children’s Wellbeing

2015 ◽  
Vol 14 (1) ◽  
pp. 1
Author(s):  
Jini P Francis ◽  
Viju Painadath Devassy
Keyword(s):  
Psychosocial Development ◽  
Rank Correlation ◽  
Sampling Technique ◽  
Parental Alcoholism ◽  
Significant Difference ◽  
The Family ◽  
The Difference ◽  
The Impact ◽  
The Relationship ◽  
Alcoholic Parents

The research on the impact of alcoholism on the family indicates that alcoholism often poses threat to the wellbeing of the family, the most affected ones being the other spouse and the children. Alcoholism often poses serious risk to the emotional, cognitive, behavioural, physical and social wellbeing of the abuser, the partner and the children. Most of the researches have explored the impact of parental alcoholism on the negative outcome on psychosocial development of partners and children, very few documented studies have been carried out on the positive aspects of life such as wellbeing and futuristic hope in the children of alcoholic parents (COA). This study attempts to explore the relationship and the difference between QOL and Hope in COA and children of non-alcoholics (CONA). The study was conducted on a sample of 60 children each between the age of 12 to 15 from alcoholics and non-alcoholic parents drawn from a district of Kerala using purposive sampling technique. The measures used were QOL-BREF by WHO (1996) and Children Hope Scale (CHS) by Snyder et al. (1996). The data was first analyzed using the descriptive statistics, the normality of the data was checked using Shapiro Wilk test, Mann-Whitney U test was used to find the difference between the COA and CONA on QOL and Hope. The relationship between the variables was assed using Spearman rank correlation. The results of the study indicate that there is significant difference in QOL among the children of alcoholics and non-alcoholics. The COA demonstrated comparatively less Hope than the CONA, however there was no significant difference among them. The QOL and Hope were correlated only among the CONA. The study has implication for positive intervention for the COA, parental and school based interventions such as preventive, remedial and holistic counselling or therapy.

scholarly journals The Influence of Leadership, Motivation and Work Culture on the Performance of Poverty Reduction Program in the Administrative City of North Jakarta

2021 ◽  
Vol 8 (12) ◽  
pp. 165
Author(s):  
Saut Fernando Aritonang ◽  
Sadu Wasistiono ◽  
Musa Hubeis ◽  
Dewi Sulistyani
Keyword(s):  
Linear Regression ◽  
Poverty Reduction ◽  
Positive Impact ◽  
Sampling Technique ◽  
Work Culture ◽  
Leadership Motivation ◽  
Analysis Technique ◽  
Reduction Program ◽  
The Difference ◽  
Selection Of

This study aims to analyze how much the influence of leadership, motivation and work culture on the performance of the Poverty Reduction Program in the Administrative City of North Jakarta. The research location is in North Jakarta City, DKI Jakarta Province. The selection of location is based on the assumption that the difference in status has an impact on the leadership under it vertically.The research method uses a quantitative approach with a total population of 1,724,161 people. The sampling technique was proportional stratified random sampling using the Slovin formula, with a total of 95 samples. The data analysis technique in the research that will be carried out is simple linear regression and multiple linear regression to analyze the variables studied. The results of the study prove that leadership has an effect on 14.1%, motivation has an effect on 50.2%, work culture has an effect on 48.8%, leadership, motivation and work culture have an effect on 50.4% of poverty in North Jakarta simultaneously. Recommendations from this research, (1) the importance of transformational leadership supported by managerial progress, education and commitment, (2) the importance of motivation both internally and externally, supported by rewards and punishments, (3) the need for a commitment so that the work culture is stronger so that it will have a positive impact on the implementation of the program to become more optimal, (4) the importance of commitment, management and availability of human resources potential, according to the needs and placements in accordance with their fields.

Sugaholic adventure: “personalizing it with sweetness”

2017 ◽  
Vol 7 (1) ◽  
pp. 1-23
Author(s):  
Virginia Bodolica ◽  
Martin Spraggon ◽  
Mizna Naeem
Keyword(s):  
Family Business ◽  
Business Owners ◽  
Sustainable Growth ◽  
Strategic Choices ◽  
Content Type ◽  
Strategic Option ◽  
Short Lifespan ◽  
The Family ◽  
New Business ◽  
Different Sources

Study level/applicability Senior-level undergraduate courses. Case overview In a short lifespan of operating in the UAE market, the Sugaholic bakeshop has grown from a fragile business idea all the way up to a paradigm of success. The two Bhatia sisters, Sneha and Ravisha, seek to spread happiness around them by invigorating their customers’ celebrations with their captivating personalized delicacies. The family business owners and their team of enthusiastic bakers aim at delivering exceptional quality and design on their sweet treats to achieve maximum customer satisfaction. Working closely as a team and paying special attention to detailing, the bakers at Sugaholic do not only merely provide the end product but also constantly work on the feedback received. The company offers all types of personalization on a variety of cakes, taking every order as a new challenge and baking for every sweets’ lover including family, friends, individual and corporate clients, celebrities and public personalities. Despite its short existence, the bakeshop has been successful in creating a vast fan following and the owners have started exploring various opportunities for business expansion. As Sugaholic has reached a critical stage in its development, what is the most viable strategic option to be pursued for embarking on a road of sustainable growth and success? Expected learning outcomes Assess the process of launching a new business venture in light of the factors from the external environment. Identify different sources of competitive advantage of an organization and evaluate their level of sustainability. Conduct a comprehensive assessment of a family-owned enterprise and delineate viable actions for intervention. Evaluate the effectiveness of top management’s strategic choices and develop decision-making skills. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy.

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