We advance understanding of the embedded role of the family household in governing firm performance in an impoverished setting. Drawing on bricolage theory, which articulates how individuals make do ...with resources at hand, we suggest that family household diversity facilitates creativity while family household shared business experience facilitates routinization. While initially performance enhancing, unfettered creativity and overroutinization have detrimental effects and thus expect the highest levels of performance to occur at moderate levels of family household diversity and shared business experience. We find general support for our hypotheses using a large sample of firms and families in impoverished Indian households.
•The family household is an informal institutional force in impoverished settings.•Family household composition characteristics influence firm performance.•We use a sample of Indian slum households and embedded firms.•Diversity and shared business experience are curvilinearly related to performance.•We highlight the benefits of routinization and threats of unfettered creativity.
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In this article we focus on the study of history through the use of narratives, within the context of the prevalent form of organization worldwide: the family business. Specifically we consider the ...dilemma of the impossible gift of succession using Nietzsche’s discussion of the burden of history and paralleling the story of a family business succession with that of Shakespeare’s King Lear. This way, we seek to make a contribution to organizational studies by answering recent calls to engage more with history in studies of business organizations. By implication, the study also initiates an integration of family business studies into organization studies.
The distinctiveness of family firms' goals, structures, resources, strategies, and performance has been studied in terms of what family firms do or are able to achieve that are different from those ...of nonfamily firms. This dominant approach to studying family firm behavior has contributed significantly to our understanding of such organizations. Currently, however, we know little about how family firm decisions are made and the processes by which family firms plan and execute. We develop a conceptual framework and set out an agenda for future research on how the distinctive/unique interaction between the business and the family influences the management processes by which family firms implement their strategies.
The purpose of this study is to explore the sources of knowledge and support for Saudi Arabian women entrepreneurs when starting or operating a new venture. The study examines factors relevant to ...knowledge base, family support, and external support from outside sources that may influence venture creation. The findings reveal that women are the principal in the majority (55%) of women-owned businesses. A total of 70% of the women own more than 51% of the business and 42% started the business by themselves. Saudi Arabian businesswomen are highly educated, receive strong support from family and friends, and rate themselves as excellent in people skills and innovation. Further research should focus on qualities that contribute to successful women-owned firms in Saudi Arabia. The current study contributes to the literature by focusing on Saudi women entrepreneurs. The understanding of entrepreneurship around the world grows through these findings from a Saudi Arabian context. The results show that Chang, Memili, Chrisman, Kellermanns, and Chua's (2009) model of venture creation is applicable to the broader entrepreneurial and family business population. A discussion of the implications relevant to the business environment, challenges, and opportunities in Saudi Arabian women's entrepreneurship brings this paper to a close.
A considerable proportion of private enterprises in China are family enterprises. Private enterprises represented by family enterprises play an important role in China’s national economy. Family ...business is a group of enterprises that cannot be ignored in China’s economic development. It has made irreplaceable contributions in the prosperity of the market, attracting employment, creating tax revenue and so on. Based on the analysis of status quo and characteristics of Chinese family enterprises, this paper teases out the advantages and disadvantages of family business, analyzes the opportunities and challenges in development of family business. Last but not least, considering those findings above, this paper puts forward relevant proposals for the sustainable development of Chinese family business.
Although a large body of research has explored how organizational social capital (OSC) benefits organizational performance, results are not conclusive. Consequently, scholars have called for more ...research on the factors that may moderate the effects of OSC on organizational performance. We address this research gap and examine the role of nepotism, which is the preferential treatment of family members in human resource management (HRM)-related decisions, such as development or rewards, in the relationship between OSC and organizational performance. Using a sample of 77 family firms in Switzerland, we found that the relationship between OSC and organizational performance is stronger in firms with higher nepotism. This research contributes to the HRM literature by exploring how the preferential treatment of family members in HRM-related decisions (i.e. greater nepotism) can provide benefits to family firms in terms of the impact of OSC on organizational performance.
Abstract
The objective of the article is to identify from the perspective of socio-emotional wealth the key challenges that formal advisors cooperating with family businesses face and the factors ...determining their effective cooperation. The paper has a theoretical character. Using the assumptions of socio-emotional wealth construct the propositions indicating the future research directions were formulated. The main challenge of formal advisors working with family businesses is to understand and accept that socio-emotional wealth is an important point of reference in the process of making strategic decisions. Therefore, one of the most important factors for their effective cooperation is the advisor’s awareness of the importance of SEW for the owners’ family, sources of socio-emotional wealth and the current phase in the life cycle of the family business.
Purpose
Artificial intelligence (AI) and sustainable business represent the irrefutable future of all forward looking businesses in the world today. In this perspective article, the authors explore ...the confluence of these important topics by highlighting the role of family businesses in advancing sustainable brand activism aligned with the United Nations Sustainable Development Goals (UNSDGs), like SDG 1, which emphasises poverty eradication. The authors fall on the transformative potential of artificial intelligence (AI) and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs.
Design/methodology/approach
Using literature review, the authors fall on the transformative potential of AI and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs.
Findings
Scholarly research on AI-driven sustainability brand activism in family businesses is either limited or nonexistent. Family businesses have a unique opportunity to use AI for eco-friendly operations, personalised brand engagement, eco-friendly product development, global collaborations and education and advocacy in support of the UNSDGs. Future research could look at how family businesses align their values, their long-term effects, how they work across generations, how resilient and flexible they are and how they compare to non-family businesses when it comes to using AI and brand activism as long-term strategies for sustainability and survival.
Originality/value
The authors call for family businesses, governments and stakeholders to take theoretical and practical actions in promoting AI-driven sustainability brand activism aligned with the UNSDGs. It underscores the distinctive role of family businesses in driving sustainability and fostering brand activism through AI in a digital age.
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