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1 – 10 of 371The study aspires to enhance comprehension of the intricate interplay between supply chain management (SCM) and resilience in family businesses, thereby offering valuable insights…
Abstract
Purpose
The study aspires to enhance comprehension of the intricate interplay between supply chain management (SCM) and resilience in family businesses, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments.
Design/methodology/approach
Commencing from the premise that family businesses (FBs) prioritize the preservation of socio-emotional wealth (SEW) when formulating strategic decisions, this study endeavours to advance understanding of supply chain practices adopted by FBs and their direct impact on resilience during crisis situations or economically challenging periods. Through an exploratory case study of nine FBs, the present research reveals four pivotal strategies in SCM that contribute to their resilience: (i) reorganization of inventory management; (ii) cultivating close relationships with suppliers; (iii) emphasizing product quality and customer retention; and (iv) implementing cost reduction measures to bolster resilience. The aim of the study is to provide an in-depth understanding of the intricate interplay between SCM and resilience in FBs, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments.
Findings
Our approach offers a theoretical framework for SCM aligned with prior research on the interplay between characteristics of family businesses and resilience strategies. Furthermore, this paper illustrates how factors such as the emphasis on high-quality products and services by family businesses contribute to achieving non-economic objectives that owners adopt to reconcile family and business needs, creating intrinsic added value for the company. It reveals various challenges in SCM, including inventory organization changes, supplier closures and the significance of customer retention. Family businesses are implementing product and technology enhancements and leveraging digitization to enhance supply chain processes.
Originality/value
This paper contributes significantly to the field of FBs by highlighting the crucial role of SCM in enhancing business resilience during crises. It empirically examines how the SEW characteristics of FBs influence the reconfiguration of their supply chains to enhance resilience, presenting a theoretical model for this context. Our theoretical framework employs an SEW perspective to elucidate how FBs respond to the challenges posed by the COVID-19 pandemic by adapting their SCM processes to safeguard their social and emotional legitimacy, organizational visibility and reputation. These adaptations gain particular relevance during crises or turbulent conditions, potentially leading to alterations in how FBs formulate their supply chain strategies and manage supply chain-related processes.
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Bavly Hanna, Guandong Xu, Xianzhi Wang and Jahangir Hossain
This paper explores the potential for family businesses (FBs) to play a pivotal role in advancing the United Nations (UN) Sustainable Development Goals (SDGs). It seeks to…
Abstract
Purpose
This paper explores the potential for family businesses (FBs) to play a pivotal role in advancing the United Nations (UN) Sustainable Development Goals (SDGs). It seeks to elucidate how FBs' inherent strengths and values can be harnessed to integrate sustainable practices within their operational paradigms.
Design/methodology/approach
The authors employed a literature review to synthesize all the information and identify how FBs' desire to pass on a healthy company to future generations encourages sustainable practices.
Findings
FBs have the potential to contribute significantly to not only their own sustainability but also the broader well-being of society by aligning with the SDGs.
Originality/value
This paper provides practical insights for stakeholders, policymakers and business leaders seeking to foster a more inclusive and environmentally responsible economic landscape.
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Judit Csákné Filep, Olga Anna Martyniuk and Marta Wojtyra-Perlejewska
The institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill…
Abstract
Purpose
The institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill this gap, this review aims to present research on family entrepreneurship in the transition economies of the Visegrád countries (V4). In this particular group of European economies, the current formal institutions have largely evolved along Western European lines. However, the transformation of informal institutions appears to be still in its infancy.
Design/methodology/approach
In order to identify the most representative authors, the methodologies used, the main research topics and to establish a future research agenda, the authors selected, through a systematic process, 112 papers from the Web of Science up to the year 2022. The authors performed a bibliographic analysis using clustering algorithms, complemented by a traditional literature review.
Findings
The performance of family firms in transition economies has been the subject of very little research. The results allowed the authors to identify four main areas of research: governance, innovation, sustainability, competitive advantage and considering the influence of the region's characteristics on family business behaviour.
Originality/value
Studies from transition economies can contribute to a broader understanding of family firms in terms of the impact of the institutional environment (especially the influence of sociological changes and specific historical experiences of family members) on their long-term planning, socioemotional wealth (SEW) protection and ethics. In light of recent events, research from the region may also contribute to the understanding of how and to what extent “familiness” influences crisis management or socially responsible behaviour in family firms.
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Telma Mendes, Vitor Braga and Carina Silva
This article aims to explore how cluster affiliation moderates the relationship between family involvement and speed of internationalization in family firms. The speed of…
Abstract
Purpose
This article aims to explore how cluster affiliation moderates the relationship between family involvement and speed of internationalization in family firms. The speed of internationalization is examined in terms of earliness and post-internationalization speed.
Design/methodology/approach
The research is based on a sample of 639 Portuguese family businesses (FBs) created and internationalized between 2010 and 2018 that was retrieved from the Iberian Balance Analysis System – SABI database. The partial least squares structural equation modeling (PLS-SEM) was used to assess the measurement and construct the model.
Findings
The results suggest that higher levels of family involvement in ownership and management make family firms enter on international markets in later stages of their development but, after the first international market entry, the firms are able to exhibit a higher post-internationalization speed. When considering the effect of cluster affiliation, the authors found that clustered FBs are more likely to engage in early internationalization and to accelerate the post-internationalization process than non-clustered FBs.
Originality/value
The study's findings are explained by the existence of socially proximate relationships with other cluster members, based on similarity, trust, knowledge exchange and sense of belonging, which push family firms to internationalize and increase their level of international commitment over time. The empirical evidence, therefore, highlights the primary role of industrial clusters in moderating the relationship between family involvement, earliness of internationalization and post-internationalization speed.
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Patrick Owiredu, Camillus Abawiera Wongnaa, Patricia Pinamang Acheampong, Monica Addison, Kwaku Agyei Adu and Dadson Awunyo-Vitor
Various models and approaches are implemented to provide technical assistance and support to improve cocoa farmers' welfare in Ghana. The Farmer Business School (FBS), which is…
Abstract
Purpose
Various models and approaches are implemented to provide technical assistance and support to improve cocoa farmers' welfare in Ghana. The Farmer Business School (FBS), which is analogous to Farmer Field School (FFS), is one of the few initiatives of GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) and Ghana Cocoa Board (COCOBOD). The main aim of the initiative is to train smallholder cocoa farmers to perceive cocoa production as a business. However, there is limited or conflicting evidence as to the effect of FBS on productivity and food security, especially in Ghana. This study assessed FBS participation and the participation's impact on productivity and food security of cocoa farmers.
Design/methodology/approach
The study used primary data collected from 542 cocoa farmers in Central and Western North regions of Ghana and employed descriptive statistics, perception index and Endogenous Switching Regression (ESR) as analytical tools.
Findings
The results, which reported an overall perception index of 0.7, indicated that the farmers had a strong positive perception on the FBS program. The results also showed that sex of a farmer, number of years of formal education, farm size, extension contact, perception, distance to extension outlet and membership of farmer-based organizations (FBOs) significantly influenced the decision to participate in FBS program. Also off-farm income, years of education and household size significantly influenced farm productivity and household food security. The results further showed that participation in FBS improved productivity and food security of cocoa farmers.
Research limitations/implications
The study used data from two regions of Ghana, namely the Central region and the Western North region. Findings from studies using data covering all cocoa growing areas of Ghana could be more informative in formulating policies aimed at encouraging participation in FBS and consequently help improve cocoa productivity and food security.
Originality/value
This article offers insights into the welfare effects of FBS on cocoa farmers as previous similar studies are without this information.
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In Finland, new forest-based sector (FBS) businesses are seen as important for the transition to the circular bioeconomy. The purpose of this study is to explore the transition of…
Abstract
Purpose
In Finland, new forest-based sector (FBS) businesses are seen as important for the transition to the circular bioeconomy. The purpose of this study is to explore the transition of Finnish FBS companies to new business models. The aim is to understand how FBS companies define their ideal future states and related business models for the year 2030.
Design/methodology/approach
This study uses thematic interviews with managers from various FBS firms and companies from interfacing sectors. In the interviews, the key idea of backcasting was pursued when respondents discussed the desirable future states of their business.
Findings
The effort to achieve growth of the business and the appearance of new products characterize the company-specific desirable future states. In these desirable futures, expanded businesses will be based on strong knowledge. Resource efficiency and collaboration create a strong basis for the desirable future state of the whole FBS to create a sustainable and innovative “Wood Valley.”
Research limitations/implications
The key limitations are that the backcasting process has been conducted only through interviews and a participative approach with stakeholder dialogue is lacking in the process. This means that the desirable futures are created by the FBS companies only.
Originality/value
As a practical contribution, the study shows the future-oriented thinking and goals of FBS firms. As a theoretical contribution, it extends research on sustainable business models and discussions on the novel field of corporate foresight.
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Tomio Kobayashi, Jagath Kularatne, Yutaka Taneichi and Nobuhide Aihara
In contrast with countries where food banks (FBs) have developed as informal care, FBs in Korea developed under government patronage as a formal care system. However, the…
Abstract
Purpose
In contrast with countries where food banks (FBs) have developed as informal care, FBs in Korea developed under government patronage as a formal care system. However, the performance of FBs under the formal care approach has not yet been studied. Therefore, the purpose of this paper is to investigate the quantity of food donation (QFD) and the variety of food donation (VFD) of FBs in Korea.
Design/methodology/approach
Aspects of quantity of donations, variety of donations, and changes in the number of donors and recipients for Korean FBs were considered. Regression analysis and the Herfindahl-Hirschman index were employed for the analysis, and data were collected through on-site interviews in Korea and online information.
Findings
Korean FBs were initially based on the concept of gift exchanges, with the expectation of receiving something in return, and thus did not employ the concept of real gifts or charity. Moreover, Korean FB development was compelled, as this exchange was enacted into law. Therefore, the QFD increased rapidly post the legislation of FBs, a fact not observed in other countries. The authors verified that the QFD and VFD in Korea increased significantly within a decade due to the government intervention.
Research limitations/implications
Aspects such as satisfaction and the nutritional needs of FB beneficiaries are not investigated in detail.
Originality/value
The study found that global FBs, which are an inherently informal system, could also be successfully developed as a policy-based formal care system.
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Cinzia Dessi, Wilson Ng, Michela Floris and Stefano Cabras
The purpose of this paper is to explore the “perceptive concordance” – the proximity of perceptions of the business- between key managers and customers of two small family-owned…
Abstract
Purpose
The purpose of this paper is to explore the “perceptive concordance” – the proximity of perceptions of the business- between key managers and customers of two small family-owned and managed businesses (“FBs”) and two larger non-FBs in Cagliari, Italy as a preliminary basis for understanding how small retail businesses that are typically family owned have continued to compete and thrive in many Western European cities.
Design/methodology/approach
The authors asked how small FBs have been able to compete in an advanced European economy despite apparent competitive disadvantages relative to large superstores selling the same products. In addressing this question the authors drew on a qualitative research methodology in which the authors interviewed senior managers and surveyed customers of the four businesses and applied an original statistical model to assess the degree of their perceptive concordance with over 100 customers of each business.
Findings
The study's findings suggest a significant difference between key managers and customers of the sampled FBs and non-FBs in the perceptive concordance of the respective businesses held by those managers and customers.
Research limitations/implications
Based on the research in this study the authors have developed a number of scholarly and managerial implications in the way that both FBs and non-FBs may retain old customers and gain new ones by anticipating and not merely responding to their product and service preferences.
Originality/value
This paper extends the literature on customer relations management (“CRM”) in FBs by explaining how small High Street FBs in competitive retail businesses have continued to thrive in Western Europe where owner-managers have developed and successfully leveraged their tacit knowledge of the requirements of repeat customers.
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Mohamed Zain and Norizan M. Kassim
The purpose of this study is to examine the opportunities and threats faced by family businesses (FBs) from globalization in a developing country environment and how those…
Abstract
Purpose
The purpose of this study is to examine the opportunities and threats faced by family businesses (FBs) from globalization in a developing country environment and how those businesses responded strategically to these factors.
Design/methodology/approach
The research employs a questionnaire survey involving 108 firms listed in a database comprising 235 family businesses (FBs) obtained from the Qatar Chamber of Commerce and Industry, Doha, Qatar. The principal analytical technique employed is structural equation modeling.
Findings
The results indicate that the availability of opportunities arising from globalization seems to be more important to FBs than the threats that they may face as a result of globalization. Also, the availability of collaborative networks represents an opportunity for the FBs to expand their business overseas that in turn influence them to look for sources of funds to expand their business. Finally, the availability of the sources of funds not only influences the firms’ readiness to face the forces of globalization but it also influences them to formulate new strategies to face such forces.
Research limitations/implications
The main limitation of this research is the rather small number of respondents. Nevertheless, the eventual sample of 108 FBs while small can still be regarded as representative. This limits the ability to make broad generalizations from the finding. However, since this is the first time the research on this subject is conducted based on the given framework, the authors believe the findings from this study are still interesting and useful.
Practical implications
The findings suggest that Qatari FBs need to work on establishing networking with foreign partners in order for them to be ready to face globalization. Also, Qatari government needs to find ways to ensure that funding is available for FBs to expand their business either through direct loans or grants or by making sure that financial institutions set aside a portion of their funds for family business lending.
Social implications
The results indicate that Qatari FBs were responding well to the changes resulting from globalization. Thus, this implies that FBs in Qatar are here to stay and will continue to contribute positively to the Qatari economy and society.
Originality/value
Since this is the first time the research on this subject was conducted in Qatar, the authors believe the findings are interesting and useful particularly for family businesses as well as the Qatari government in their efforts to further develop FBs.
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Run Ren, Judy Y Sun, Yichi Zhang, Yunyun Chen and Chunching Liu
The purpose of this paper is to examine the effect of feedback seeking (FBS) and impression management (IM) on candidates’ evaluative performance and final hiring decision in a…
Abstract
Purpose
The purpose of this paper is to examine the effect of feedback seeking (FBS) and impression management (IM) on candidates’ evaluative performance and final hiring decision in a recruiting assessment center (AC) by a multinational corporation (MNC) in China.
Design/methodology/approach
The authors adopted a mixed-methods design. The authors first surveyed 234 candidates and 12 recruiting managers as assessors in four Chinese cities in one year. The authors then collected 23 candidates’ qualitative data in the forms of online blogs, diaries or letters sharing their recruitment experiences from 2005 to 2014.
Findings
The quantitative results showed that both candidates’ FBS and IM behaviors were positively related to their evaluative performance, yet with no significant effects on hiring decision. However, the interaction of FBS and IM significantly reduced the likelihood of a positive evaluative performance and hiring decision. Qualitative findings showed that IM was adopted by the candidates, and encouraged by the firm in the initial period of AC. Implicit FBS behavior was also found in the qualitative data.
Practical implications
The results offer important practical implications. For applicants, success in job search depends on one’s overall ability and capacity, while proper FBS and initial IM may be helpful to get in the race. At the firm level, MNCs need to adopt innovative strategies to win the “war for talent” in campus recruiting to cope with the deficiency in the educational focus.
Originality/value
The authors adopted a mixed-methods approach to examining the dynamics of AC process in campus recruiting processes. This study is among the first examining the interactions of FBS and IM in the selection research.
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