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Article
Publication date: 27 June 2018

Jahangir Wasim, James Cunningham, Alexander Maxwell-Cole and James Richard Taylor

Knowledge transfer plays a key role in the succession process. While much attention has been given to the passing of business knowledge form incumbent to successor, less is known…

1121

Abstract

Purpose

Knowledge transfer plays a key role in the succession process. While much attention has been given to the passing of business knowledge form incumbent to successor, less is known about the use of nonfamily knowledge during this most crucial of family business events. The purpose of this paper is to look how knowledge from nonfamily employees is treated at times of succession. Importantly, it considers how the controlling family’s cultural background may influence nonfamily knowledge use, and subsequent implications for the succession process.

Design/methodology/approach

An exploratory comparative case study design is adopted in order to uncover the complex social and cultural dynamics around knowledge use. Four case studies are presented from family businesses of different, and contrasting, cultural origins. Data were collected using semi-structured interviews, observations and formal secondary data from the organisations, all of whom operate in the UK.

Findings

Findings reveal a complex picture, part influenced by the cultural dynamics of the family and part by business necessity. Specifically, power–distance appears as an informative cultural dimension, influencing how knowledge is used and nonfamily are perceived. While some family businesses privilege the knowledge from family, others see the need to build knowledge relationships more broadly.

Originality/value

This paper provides further evidence to the heterogeneity of family businesses. It moves beyond a processual explanation of succession to develop a more contextually aware understanding of the dynamics and sensitivities involved.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 26 no. 1
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 1 February 2004

Anuradha Basu

This paper contributes to our understanding of the intersection between entrepreneurship and family businesses by examining the business aspirations of immigrant entrepreneurs…

6721

Abstract

This paper contributes to our understanding of the intersection between entrepreneurship and family businesses by examining the business aspirations of immigrant entrepreneurs from five different ethnic minority communities in the UK. It explores differences in the entrepreneurs' antecedents that might explain differences in their aspirations and examines the interaction between aspirations and business behaviour and outcomes. It finds that despite the importance of the family in their businesses, ethnic minority entrepreneurs have diverse aspirations. It is possible to distinguish between those with business‐first, family‐first, money‐first and lifestyle‐first aspirations. Their educational and family background affects entrepreneurs' aspirations, as does their stage on the family life cycle. Differences in aspirations are related to the nature of business, the way in which it is managed, the recruitment of professional managers and entrepreneurial performance. Our findings highlight the diversity in aspirations among family business owners and the complexity of the interaction between ethnicity, culture, class and entrepreneurship.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 10 no. 1/2
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 15 May 2017

Jerzy Cieślik and André van Stel

The purpose of this paper is to predict future career paths of university students, distinguishing between paid employment, running one’s own independent business and running a…

1544

Abstract

Purpose

The purpose of this paper is to predict future career paths of university students, distinguishing between paid employment, running one’s own independent business and running a family business. The main predictor is the students’ current mode of entrepreneurial exposure, both in terms of the students running their own business, and in terms of their parents running their own business.

Design/methodology/approach

The study is based on a comprehensive survey held in May 2013 among 1,490 business and law students of Kozminski University in Warsaw, Poland. To predict future career expectations in ten years’ time, multinomial logit regressions were employed.

Findings

The authors find that, among students with a family business background, those students who are actively involved in their parents’ business are significantly more likely to pursue joining the family firm, rather than starting their own business.

Practical implications

In order to stimulate business succession, universities with a large proportion of students with family business background may consider launching dedicated programs promoting the interest of students in the businesses run by their parents.

Originality/value

The authors investigate to what extent active participation of university students in their parents’ business is associated with a higher probability to pursue a career in family business. The research has important implications in light of the increasing difficulty in Europe to find successors for family businesses.

Details

Journal of Small Business and Enterprise Development, vol. 24 no. 2
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 25 August 2022

Fei Fei Wang, Jiong Wu and Xiaoxian Gong

Aiming at the key issue of interpersonal interaction process between successors and top management teams in the context of family business trans-generational entrepreneurship…

Abstract

Purpose

Aiming at the key issue of interpersonal interaction process between successors and top management teams in the context of family business trans-generational entrepreneurship, this paper aims to explore the motivation, action and results of interpersonal conflict between these two subjects mentioned above.

Design/methodology/approach

This paper uses grounded theoretical research methods based on the research objects of three family businesses with both inheritance and transformation needs.

Findings

Motivation difference, mediation mode and relationship utilization, that is, the successor and top management team take the goal-orientation, interest orientation and rational tendency as the starting point for relationship coordination. Then it mediates the interpersonal conflicts through compromise, collaboration and compliance, and ultimately provide successors with resources, opportunities, capabilities and motivation advantages to promote trans-generational entrepreneurship. Second, the path of relationship coordination comes from the background of social embedding, that is, the motivation difference comes from the embedding of motivation seeking, the mediation mode comes from the embedding of mediation elements and the relationship utilization comes from the embedding of relationship optimization. The research conclusions not only provide a theoretical framework for family businesses to solve the problems of interpersonal conflicts faced by family businesses but also have practical guiding significance for the trans-generational entrepreneurship.

Originality/value

There are two theoretical contributions in this study. First, the research starting point of social embeddedness theory from the perspective of interpersonal relationships at the microlevel is revised. Since Granovetter (Granovetter, 1985) put forward the theory of social embeddedness, its research scope has been gradually expanded, but the mainstream research in the past focused on analyzing the social network embeddedness of enterprises to obtain social capital from the macro- and meso-level (Nahapiet and Ghoshal, 1998). In fact, this may deviate from the essential interpretation of Granovetter’s theory of social embeddedness, while this study returns to the study of interpersonal relationships. Second, a theoretical model of relationship coordination for successors and top management team is put forward in general. On the basis of the motivation, action and result of interpersonal interaction between the successor and top management team, the interpersonal coordination action path and embedded logic during trans-generational entrepreneurship of family businesses are revealed, which enriched the research scope of social embedded theory in family business.

Details

Nankai Business Review International, vol. 14 no. 1
Type: Research Article
ISSN: 2040-8749

Keywords

Article
Publication date: 6 May 2022

Adah-Kole Emmanuel Onjewu, Mohamed Yacine Haddoud, Uchenna Tony-Okeke, Dongmei Cao and Witold Nowiński

Scholars have typically examined family business exposure as an aggregate variable. However, it is probable that this trend oversimplifies the complexity of family exposure and…

2398

Abstract

Purpose

Scholars have typically examined family business exposure as an aggregate variable. However, it is probable that this trend oversimplifies the complexity of family exposure and its nuanced influence on entrepreneurial behaviour. Thus, to extend the theoretical boundary, this inquiry investigates distinct dimensions of family exposure in Nigeria while drawing on the theory of planned behaviour.

Design/methodology/approach

Data were collected from five public universities in Nigeria. A sample of 1,314 respondents was analysed using a partial least squares structural equation modelling approach to determine the influence of alternate family business exposures.

Findings

The results show that entrepreneurial exposure in the forms of parent, family member and work involvement have salient and distinctive influences on implementation intention to the extent that entrepreneurial self-efficacy, attitudes and subjective norms are uniquely impacted.

Originality/value

This study offers novel insights on the predictors of entrepreneurial implementation intention through the distinctive effects of (1) family member exposure, (2) parent exposure and (3) work involvement exposure among students in the family firm context.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 28 no. 6
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 4 September 2017

Predrag Ljubotina and Jaka Vadnjal

Family business successors have three career options. They may find a job, start their own business or join their family business and eventually take it over. This broadens the…

Abstract

Purpose

Family business successors have three career options. They may find a job, start their own business or join their family business and eventually take it over. This broadens the scope of a common entrepreneurial dilemma of whether to start a new venture or seek hired employment. The purpose of this paper is to highlight the problem from multiple angles in two different socio-political environments.

Design/methodology/approach

A survey was conducted among senior students in 34 countries with 109,000 participants. Several influencing variables such as family business background, motivation for self-employment, university environment and family business performance were defined. The used multinomial logistic regression with categorical three-dimensional independent variable allows to capture the complexity of an individual’s approach to career choice intention taking into consideration family business performance, personal motives for self-employment and university support for entrepreneurship.

Findings

All hypotheses include succession intention as a central category. There is significant correlation between friendly and supportive environment for entrepreneurship at university and the successor’s career choice. Performing family business is positively connected with the succession preference compared to the other two career alternatives. In the market economy group, students, who attended at least one entrepreneurial course, exhibit a significant preference for succession compared to employment. Male students are more likely to choose succession career than employment and founding a new own venture than succession. Students with family business background exhibit significant preference towards succession.

Originality/value

Some EU countries have a common denominator of almost 50 years of communist regime experience, which broke the entrepreneurial tradition and for a couple of decades prolonged the development the market economy. The value of the study is in the model comparison of transition and market based economies in the EU.

Details

Kybernetes, vol. 46 no. 8
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 7 March 2016

Jaka Vadnjal and Predrag Ljubotina

Family businesses represent the largest share of small-sized firms in majority of economies around the world. Having in mind the global economic situation this trend is expected…

Abstract

Purpose

Family businesses represent the largest share of small-sized firms in majority of economies around the world. Having in mind the global economic situation this trend is expected to be continued. With the goal of better understanding of the process of transferring the business to the next generation, which ensures a long-term success, the purpose of this paper is to investigate expectations of student’s with family business background.

Design/methodology/approach

The research addresses the issue of an individual’s perception of entrepreneurship and the related factors that influence individual’s decision on whether to build a career as an employee, become a successor of family business or start own business as an independent entrepreneur. The authors separately analyzed West European (data from another study), East European and Slovenian senior student population for the purpose of comparative study. Students were surveyed and binominal regression was used for statistics.

Findings

The results show differences between investigated populations and positions Slovenian students in the mean. The authors anticipate that differences are caused by historical, cultural and educational backgrounds. This challenging area is raising a lot of sub-questions for possible future research.

Originality/value

The value of the study is in the replication of the existing methodology from the benchmarking study and result comparison.

Details

Kybernetes, vol. 45 no. 3
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 14 July 2022

Mahwish Jamil, Ahmad Firdause Md Fadzil, Amber Waqar and Mohd Rafi Yaacob

The purpose of this study to explore the qualities of the entrepreneur which are required for the sustainability of the family business. The sustainability rate of family business

Abstract

Purpose

The purpose of this study to explore the qualities of the entrepreneur which are required for the sustainability of the family business. The sustainability rate of family business has remained low, particularly with the generation change in the long term. In addition, the body of knowledge on entrepreneurial qualities in relation to family business sustainability is fragmented. Hence, an in-depth understanding on this phenomenon is imperative.

Design/methodology/approach

This study used qualitative study to explore entrepreneurial qualities that lead to family business sustainability in Pakistan. This study used a case study for in-depth analysis of determine the qualities of the entrepreneurs for sustaining entrepreneurs' business for a longer.

Findings

Based on findings, four main themes on the key elements for family business sustainability were identified: cognitive characteristics, leadership role, motivation, and personality traits. These main themes were further divided into sub-themes for in-depth understanding of the qualities of entrepreneur in family business sustainability phenomenon.

Originality/value

A broad range of studies have been conducted on entrepreneurial qualities in relation to business performance and success. However, studies on entrepreneurs and entrepreneurs' qualities have mostly focussed on organisational success, and there are limited studies that fully examine entrepreneurial qualities for family business sustainability. Family business sustainability has received considerably less attention.

Details

Journal of Family Business Management, vol. 13 no. 4
Type: Research Article
ISSN: 2043-6238

Keywords

Article
Publication date: 5 May 2022

Fatma Abd El Basset, Robin Bell and Buthaina Al Kharusi

Previous research has found that family characteristics, including family income, entrepreneurship/business experience and family size, can influence offspring’s entrepreneurial…

Abstract

Purpose

Previous research has found that family characteristics, including family income, entrepreneurship/business experience and family size, can influence offspring’s entrepreneurial potential and perception of the barriers to entrepreneurship. This paper aims to extend this proposition to women in Oman to determine whether family income, entrepreneurship/business experience and family size influence women’s perception of barriers to entrepreneurship

Design/methodology/approach

This study is based on primary data that was collected through a structured questionnaire from 123 female respondents at an Omani private university. The data was analysed using PCA, correlation and regression analysis to determine the influence of the family characteristic on the perception of barriers to entrepreneurship.

Findings

The findings concluded that the three family characteristics being tested were not able to predict a change in the perception of barriers to entrepreneurship. This contradicts previous research conducted in Western contexts and highlights the potential weakness in family support for female entrepreneurship in Oman.

Originality/value

These results challenge some of the extant findings in the literature, thus enriching the current perspectives on female entrepreneurship and the impact of Omani family characteristics, in terms of income, economic background and family size, on the perception of barriers that hinder entrepreneurship among female students

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 1 February 2006

Spinder Dhaliwal and Peter Kangis

Asian immigrant entrepreneurs in the UK have been used as examples of what can be done through free enterprise. Academic interest is developing in the changes taking place as…

2881

Abstract

Purpose

Asian immigrant entrepreneurs in the UK have been used as examples of what can be done through free enterprise. Academic interest is developing in the changes taking place as newer generations emerge. Seeks to address these issues.

Design/methodology/approach

A small‐scale qualitative study was undertaken with interviews of five men and five women entrepreneurs of the second generation. The issues explored included their background, the factors that have influenced, facilitated or inhibited their decision to become self‐employed, their experiences of entrepreneurship and the particular issues that confronted them. Female entrepreneurs in the sample were older and felt inhibited and more constrained than their male counterparts in their freedom to act.

Findings

Both males and females of second generation entered business through attraction for the opportunities rather than as their only option in an unknown environment. Notwithstanding expectations, later generations did not enter activities adding much greater value than those of the first generation, even though they were better integrated with their environment. Boundary stresses between first and second generation are likely to lead to further studies of succession planning and of the influence of culture and gender on attitudes to enterprise.

Originality/value

Methodologically the study is novel in so far as the researcher (an Asian female from a typical family business background) has taken care to observe the cultural proprieties often noted within this particular group. Hence, the data are arguably more authentic than previous studies undertaken by distant researchers.

Details

Equal Opportunities International, vol. 25 no. 2
Type: Research Article
ISSN: 0261-0159

Keywords

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