scholarly journals Family Firm Identity Approach: A Systematic Literature Review

2019 ◽  
Vol 15 (1) ◽  
pp. 166
Author(s):  
Beskida S. Dorda ◽  
Eriona M. Shtëmbari
Keyword(s):  
Literature Review ◽  
Family Business ◽  
Family Firm ◽  
General View ◽  
Identity Conflict ◽  
Academic Literature ◽  
Intangible Resources ◽  
Commercial Activities ◽  
The Family ◽  
The World

Family business is created when the family leads commercial activities. This intersection represents emotions and trade within the same entity, driving attention toward intangible resources. History has shown that families can gather together and run successful businesses. Non-financial topics are capturing the attention of the management field, and family firm identity (FFI) is an interesting topic for those who want to study more in-depth this type of business. This paper will give a review of the academic literature about the FFI identified as a field that needs to be explored more in depth. Interested researchers will find a general view of how this approach is developed from scholars around the world. The aim is to present how the family and business identity relate to one another, seen from different perspectives by scholars. Researchers’ invaluable contributions are used to design this review, using databases such as Emerald, ProQuest (ABI/INFORM), EBSCOhost and Science Direct. Keywords used for search are family business identity and family firm identity. The data are gathered during May and June 2019. The review shows that several dimensions can influence on the level of FFI. Some of the dimensions which resulted from this study are generations, boundaries, identity conflict, growth, communication and globalization.

“We are a family firm”

2018 ◽  
Vol 8 (1) ◽  
pp. 2-21 ◽  
Author(s):  
Claudia Binz Astrachan ◽  
Isabel C. Botero
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Firm ◽  
Business Owners ◽  
Public Companies ◽  
Content Type ◽  
Brand Building ◽  
Depth Interview ◽  
The Family ◽  
Family Associations

Purpose Evidence suggests that some stakeholders perceive family firms as more trustworthy, responsible, and customer-oriented than public companies. To capitalize on these positive perceptions, owning families can use references about their family nature in their organizational branding and marketing efforts. However, not all family firms actively communicate their family business brand. With this in mind, the purpose of this paper is to investigate why family firms decide to promote their “family business brand” in their communication efforts toward different stakeholders. Design/methodology/approach Data for this study were collected using an in-depth interview approach from 11 Swiss and German family business owners. Interviews were transcribed and coded to identify different themes that help explain the different motives and constraints that drive their decisions to promote the “family business brand.” Findings The analyses indicate that promoting family associations in branding efforts is driven by both identity-related (i.e. pride, identification) and outcome-related (e.g. reputational advantages) motives. However, there are several constraints that may negatively affect the promotion of the family business brand in corporate communication efforts. Originality/value This paper is one of the first to explore why family businesses decide to communicate their “family business brand.” Building on the findings, the authors present a conceptual framework identifying the antecedents and possible consequences of promoting a family firm brand. This framework can help researchers and practitioners better understand how the family business nature of the brand can influence decisions about the company’s branding and marketing practices.

scholarly journals Family Business Orientation: A literature review

2018 ◽  
Author(s):  
Aluisius Hery Pratono ◽  
Maria Felecia Cindy Hutomo
Keyword(s):  
Literature Review ◽  
Family Business ◽  
Family Members ◽  
Five Dimensions ◽  
The Family ◽  
Family Orientation ◽  
Individual Family ◽  
Business Orientation

This study aims to discuss the concept of family orientation by addressing the question of how individual family members relate to the family business. This study extends the previous works on entrepreneurial family orientation. Family orientation has five dimensions, such as tradition, trust, loyalty, stability, and interdependency.

Does family involvement matter post IPO? Adding value through advertising in family firms

2018 ◽  
Vol 8 (3) ◽  
pp. 218-234 ◽  
Author(s):  
Atanas Nik Nikolov ◽  
Yuan Wen
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Family Business ◽  
Family Firms ◽  
Family Firm ◽  
Family Businesses ◽  
Publicly Traded ◽  
Content Type ◽  
The Public ◽  
The Family

PurposeThis paper brings together research on advertising, family business, and the resource-based view (RBV) of the firm to examine performance differences between publicly traded US family vs non-family firms. The purpose of this paper is to understand the heterogeneity of family vs non-family firm advertising after such firms become publicly traded.Design/methodology/approachThe authors draw on the RBV of the firm, as well as on extensive empirical literature in family business and advertising research to empirically examine the differences between family and non-family firms in terms of performance.FindingsUsing panel data from over 2,000 companies across ten years, this research demonstrates that family businesses have higher advertising intensity than competitors, and achieve higher performance returns on their advertising investments, relative to non-family competitors. The results suggest that the “familiness” of public family firms is an intangible resource that, when combined with their advertising investments, affords family businesses a relative advantage compared to non-family businesses.Research limitations/implicationsFamily involvement in publicly traded firms may contribute toward a richer resource endowment and result in creating synergistic effects between firm “familiness” and the public status of the firm. The paper contributes toward the RBV of the firm and the advertising literature. Limitations include the lack of qualitative data to ground the findings and potential moderating effects.Practical implicationsUnderstanding how family firms’ advertising spending influences their consequent performance provides new information to family firms’ owners and management, as well as investors. The authors suggest that the “familiness” of public family firms may provide a significant advantage over their non-family-owned competitors.Social implicationsThe implications for society include that the family firm as an organizational form does not need to be relegated to a second-class citizen status in the business world: indeed, combining family firms’ characteristics within a publicly traded platform may provide firm performance benefits which benefit the founding family and other stakeholders.Originality/valueThis study contributes by highlighting the important influence of family involvement on advertising investment in the public family firm, a topic which has received limited attention. Second, it also integrates public ownership in family firms with the family involvement–advertising–firm performance relationship. As such, it uncovers a new pathway through which the family effect is leveraged to increase firm performance. Third, this study also contributes to the advertising and resource building literatures by identifying advertising as an additional resource which magnifies the impact of the bundle of resources available to the public family firm. Fourth, the use of an extensive panel data set allows for a more complex empirical investigation of the inherently dynamic relationships in the data and thus provides a contribution to the empirical stream of research in family business.

A Mother’s Perspective on Autism

2018 ◽  
Author(s):  
Michael Ellis
Keyword(s):  
Family Business ◽  
Nobel Peace Prize ◽  
Intelligence Level ◽  
The Family ◽  
The World ◽  
To Come ◽  
The Moment ◽  
First Time

From the moment you discover that you are going to be a parent, the hopes, dreams, and expectations you have for your­self and your child flood your mind. No matter how your child is to arrive, your heart is full of hope and promise. You begin to let yourself plan your future. Will your child become president, a doctor, a lawyer, work in the family business, or win the Nobel Peace Prize? Will he or she possess a special talent or skill? Your mind wanders and daydreams of all that is to come. The moment they place your beautiful child in your arms, you realize that there is no greater feeling. You are in love. There is no feeling deeper or grander. The unimaginable joy and gratitude for the blessing of your child is overwhelming. We all know those moments where your heart surged out of your body in awe of the blessing you were given. You may have even asked yourself, “How did I get so lucky?” I can relate. The moment they placed my daughter in my arms for the first time, I knew I had a greater purpose. I would not find out how much for another two years. I devoted myself to her; her care, her introduction to the world, and to the very amazing person I knew she would become. I gave everything of myself tirelessly to her. Her every whimper, cry, or gesture was met with a response. I could anticipate her needs and wants before she fully expressed them. I thought I had an undeniable bond with my daughter. I did. I had a bond that needed no words. That was the problem: we did not need words. If you are like me, you noticed at first subtle differences in your child, and then later there were glaring and alarming indications something was not developing correctly. But, no matter your education or your intelligence level, denial can be a powerful thing.

Die Krisenfestigkeit der Unternehmerfamilie – Haniel, Stumm und der «doppelte» Strukturwandel

2018 ◽  
Vol 63 (2) ◽  
pp. 185-219
Author(s):  
Thomas Urban
Keyword(s):  
Structural Change ◽  
Family Business ◽  
Family Policy ◽  
Early Stage ◽  
Belief System ◽  
Family Firm ◽  
Family Factors ◽  
The Family ◽  
Business Structure ◽  
Intra Family

AbstractThe resilience of business families in times of crisis. Haniel, Stumm and the «double» structural change.In order to promote the longevity of their family firm, business families must be able to cope successfully with external and internal stressors. Their resilience in times of crisis derives from a combination of organizational, individual and family factors. Based on these assumptions, the article examines the way in which two German business families, Haniel and Stumm, have dealt with the «double» structural change that they faced between the 1950s and 70s. The Haniel family succeeded in recognizing the necessary separation from their coal and steel heritage at an early stage. Moreover their leading representatives were able to adapt the family policy to the grown and recently reunited shareholder community. In contrast, the Stumm family lacked ideas for a sustainable renewal of its crisis-prone family business structure. In addition and paradoxically, their spokesman did not find a voice in his vain attempts to fight against the intra-family estrangement that weakened the «belief system» of the family. These contrasting examples show that the resilience of business families must be seen as a historically shaped resource that is heavily influenced by non-economic psychological abilities and accomplishments.

The 3D IFB SWOT Analysis as a Strategic Tool to Develop Entrepreneurial Plans for Family Businesses

2020 ◽  
pp. 363-389
Author(s):  
Luz Leyda Vega-Rosado
Keyword(s):  
Family Business ◽  
Swot Analysis ◽  
Three Dimensional ◽  
Family Firm ◽  
Second Phase ◽  
The Third ◽  
Third Phase ◽  
The Family ◽  
Generational Groups ◽  
The Individual

This chapter provides a framework that family business members can use to strategically and entrepreneurially evaluate themselves before they prepare the final strategic plan of the family firm. The tool consists of four phases. The first phase is the Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis of the Individuals that are members of the family business. The second phase is the SWOT analysis of the Family's generational groups. Each generation in the family business will work in groups according to their year of birth. The third phase is the SWOT analysis of the Business. The fourth and most important phase is the integration called 3D IFB SWOT Analysis. It is 3D because it is three-dimensional, integrating the Individual, the Family's generations, and the Business.

Family business governance: what’s wrong? What’s right? What’s next?

2019 ◽  
Vol 9 (1) ◽  
pp. 1-23
Author(s):  
Irfan Saleem ◽  
Faiza Khalid ◽  
Muhammad Nadeem
Keyword(s):  
Family Business ◽  
Generation X ◽  
Family Firm ◽  
Board Structure ◽  
Content Type ◽  
Academic Level ◽  
The Family ◽  
Governance Practices

Learning outcomes This case study can help the reader to understand how to build an effective board for family business, and why evolving board structure can help family firm to sustain for a longer period in Market. Reader can also learn about role of independent director, CEO's Succession process and ways to deal with duality issue that family owned enterprise may face during a transition from generation X to Y. Case overview/synopsis This teaching case study describes various decision-making situations using example of a Pakistani family firm and entrepreneurs who started the business few decades back in France. This partially disguised case is based on actual events. The data are collected based on discussions with family business owners and minutes of meetings. The objective of study is to make sense of the family business theories e.g. socio emotional wealth stakeholder and agency. Case readers can also learn about the family’s business governance practices using diverse scenarios presented in this case. Complexity academic level This study is suitable for graduate and undergraduate studies. 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 7: Management science.

Family Business in the Middle East: An Eexploratory Study of Retail Management in Kuwait and Lebanon

2006 ◽  
Vol 19 (1) ◽  
pp. 29-48 ◽  
Author(s):  
Dianne H. B. Welsh ◽  
Peter Raven
Keyword(s):  
Middle East ◽  
Customer Service ◽  
Family Business ◽  
Employee Perceptions ◽  
The Family ◽  
The World ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Relationship

The Middle East is a growing, lucrative marketplace that has recently captured the interest of the world for political as well as economic reasons due to the War in Iraq, which began in 2003. This exploratory study examines the relationship between retail small/medium enterprises (SMEs) that are family business owned, organizational commitment, and management and employee perceptions of customer service on a number of dimensions. The results suggest that managers and employees of family-owned businesses in the Middle East behave in ways similar to those in Western countries; however, there are differences, probably related to cultural characteristics. The Middle East is a richly diverse region, a myriad of unique cultures. As the market becomes more sophisticated, the importance of service quality increases. Global retailers can benefit from this study by better understanding the managers and employees in the region and the pivotal role of the family on business. Implications for practice are discussed.

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