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Article
Publication date: 1 March 1999

Renee Reid, Barbara Dunn, Stan Cromie and John Adams

Attention has been drawn recently to the differences which exist between family and non‐family firms, but Ward indicates that there are different types of family firms. More…

2015

Abstract

Attention has been drawn recently to the differences which exist between family and non‐family firms, but Ward indicates that there are different types of family firms. More specifically, as Dunn puts it, “in some families it is evident that the business serves the family, as opposed to the family serves the business”. For some families in business, economic rationality dominates decision making, yet for others a “family first” ethos is to the fore, while a third group recognises the need to respond to economic and family considerations. In this paper firms which pay attention to both family and business are not investigated. However, Ward’s model of the characteristics of family firms is discussed and data based on a Scottish and Irish sample of 234 firms which put family first when business and family objectives clash, and 830 firms which focus on business objectives, are presented. Results suggest that the former exhibit several of the characteristics defined by Ward. This suggests that a considerable number of family firms may be lifestyle – as opposed to growth‐oriented businesses. These results have major implications for policy makers. If a substantial number of family firms differ from rational economic ventures by their methods of operation, then policy makers should be flexible with regard to the methods of intervention required to support this important section of the SME community. Policy issues in connection with family firms in Britain are considered in the light of our findings.

Details

Journal of Small Business and Enterprise Development, vol. 6 no. 1
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 1 September 1999

Stan Cromie, John Adams, Barbara Dunn and Renee Reid

Family firms account for around 75 per cent of all business enterprises in the UK, but there is a lack of research on these businesses. The family firms literature recognises that…

Abstract

Family firms account for around 75 per cent of all business enterprises in the UK, but there is a lack of research on these businesses. The family firms literature recognises that there are differences between family and non‐family businesses; differences that can be explained by conflicts between a juxtaposition of family values and business values. Consequently, family firms tend to have different approaches to ownership and control, the composition of boards, employment practices, strategy formulation and succession management. This paper reports on the demographic characteristics, ownership configurations, boardroom arrangements, managerial and succession practices of a random selection of 1,065 family firms located in Scotland and Northern Ireland. Results reveal that the firms are well‐established, privately owned, small businesses in which the lead family retains almost all shares and dominates the board of directors. These firms give some preferential treatment to family members in employment and managerial matters but business objectives are not ignored. In keeping with previous research, succession matters are not regularly discussed and much more needs to be done to allow for a smooth transition from one family generation to another. The authors conclude by arguing that there is an urgent need for policy makers to address the problems and needs of small family firms and to develop frameworks and practices for assisting these businesses.

Details

Journal of Small Business and Enterprise Development, vol. 6 no. 3
Type: Research Article
ISSN: 1462-6004

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Article
Publication date: 1 November 2002

Dimitrios G. Mavridis

The present research is an attempt to reveal the status quo of the managerial and entrepreneurial situation “genus femininum” disclosed in Greek interims report. Focus is put on…

Abstract

The present research is an attempt to reveal the status quo of the managerial and entrepreneurial situation “genus femininum” disclosed in Greek interims report. Focus is put on those aspects and contrasting variables, which help to explain the actual status of female participation. The results of the survey confirm that improvements have been made in the areas of the female managerial involvement, but as in other countries there is a gap, which has to be bridged in the future.

Details

Equal Opportunities International, vol. 21 no. 7
Type: Research Article
ISSN: 0261-0159

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Article
Publication date: 1 March 1996

David Carson and Pauline Maclaran

The importance of customer service to the small firm together with how small firms can maximize their inherent strengths in this respect are considered. Current customer service…

Abstract

The importance of customer service to the small firm together with how small firms can maximize their inherent strengths in this respect are considered. Current customer service theories, which have developed with larger organizations in mind, are examined to assess how they may be adapted to have relevance for the smaller business. A conceptual model of customer service for small firms is outlined and applied to findings from an empirical study of 28 small firms.

Details

Journal of Small Business and Enterprise Development, vol. 3 no. 3
Type: Research Article
ISSN: 1462-6004

Article
Publication date: 1 October 2004

Dorothy Perrin Moore

The Center for Women’s Business Research estimates women are now the majority owners in 6.7 million privately held businesses in the United States and equal owners in another 4.0…

1178

Abstract

The Center for Women’s Business Research estimates women are now the majority owners in 6.7 million privately held businesses in the United States and equal owners in another 4.0 million firms. When part owners in multiple businesses are included the female ownership total climbs to an estimated 15.6 million businesses. Women majority owners account for nearly half (48 per cent) of the privately‐held firms in the United States. Their businesses generate $2.46 trillion in sales. They employ 19.1 million people and spend an estimated $492 billion on salaries and $54 billion on employee benefits. The number of women‐owned firms increases at twice the rate of all new firms (14 per cent versus 7 per cent) and the number of employees nearly as fast (30 per cent versus 18 per cent). Women owners are rapidly moving into all industries, with the fastest growth percentages in the fields of construction (30 per cent), transportation, communications and public utilities (28 per cent) and agricultural services (24 per cent). Worldwide, with women entrepreneurs in under developed countries leading the way, women‐owned firms now comprise between one‐fourth and one‐third of all businesses. Given the numbers, it would be almost impossible to overestimate the impact of women owned businesses in today’s global economy.

Details

Equal Opportunities International, vol. 23 no. 7/8
Type: Research Article
ISSN: 0261-0159

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Article
Publication date: 1 August 1964

It is said that travel broadens the mind, deepens the understanding and refreshes the spirit. Judging by the amount of long distance travel undertaken nowadays by more people than…

73

Abstract

It is said that travel broadens the mind, deepens the understanding and refreshes the spirit. Judging by the amount of long distance travel undertaken nowadays by more people than ever before, it may also be said to widen the beam! However, this brief article is mainly concerned with the scope and benefits of the Library Association's programme of internships.

Details

New Library World, vol. 66 no. 2
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 1 June 2001

Gill Silversides

The paper offers a positive example of how networking influences the success of small firms and examines an industry sector where it occurs naturally as part of the industry…

Abstract

The paper offers a positive example of how networking influences the success of small firms and examines an industry sector where it occurs naturally as part of the industry culture. This study has focused upon the advertising agency sector, as it is known to network. The paper examines the opinions of advertising agency owner‐managers, elicited during this research, where the practice and preference for networking was apparent. The issues highlighted by this examination fall into the following broad categories: the perceived identity which the owner‐managers ascribed to their networks; the time which the networks have taken to nurture and develop; the trust engendered by the participants both for the networks as an entity and for the participants; the association of reputation and pride in the network; and the need to reflect in order to make use of network information.

Details

Journal of Small Business and Enterprise Development, vol. 8 no. 2
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 1 December 1964

IT is said that travel broadens the mind, deepens the understanding and refreshes the spirit. Judging by the amount of long distance travel undertaken nowadays by more people than…

55

Abstract

IT is said that travel broadens the mind, deepens the understanding and refreshes the spirit. Judging by the amount of long distance travel undertaken nowadays by more people than ever before, it may also be said to widen the beam! However, this brief article is mainly concerned with the scope and benefits of the Library Association's programme of internships.

Details

New Library World, vol. 66 no. 8
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 1 January 2004

Kevin I.N. Ibeh

This paper reports relevant evidence regarding the importance of decision makers’ background and experiential factors in promoting export entrepreneurship among less performing…

2640

Abstract

This paper reports relevant evidence regarding the importance of decision makers’ background and experiential factors in promoting export entrepreneurship among less performing developing country firms. Subsequent discussion reveals the consistency of the findings with the balance of previous empirical literature, and underlines the need for international success‐seeking LPDC firms to prioritise the acquisition of requisitely qualified managerial staff. The central thesis of the paper is that with the right quality of decision makers, smaller LPDC firms could be properly led to procure and develop other advantage‐creating competencies that might enable them overcome external internationalisation barriers. The implications of the foregoing for enhancing LPDC firms’ access to global markets, as envisioned under the Millennium Development Declaration, are discussed.

Details

International Journal of Social Economics, vol. 31 no. 1/2
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 23 September 2013

Nicholas Adu-Gyamfi and Tor Korneliussen

The purpose of this paper is to provide a framework for understanding the relationships between resource commitment, management experience, firm size, internationalization…

1208

Abstract

Purpose

The purpose of this paper is to provide a framework for understanding the relationships between resource commitment, management experience, firm size, internationalization, internal export barriers and export performance in firms. Specifically, this paper empirically investigates the impact of resource commitment, management experience, firm size, and internationalization on export performance, using internal export barriers as an intervening variable. These antecedents of export performance are selected because they are constraints that managers have an opportunity to influence. This study is therefore relevant to the managerial process.

Design/methodology/approach

A survey design using firms from Ghana was chosen. This was expected to be an appropriate population from which data could be gathered to investigate the authors' hypotheses. In order to test these hypotheses, questionnaires were designed to collect data from small and medium export firms in an emerging market. Data on resource commitment, management experience, firm size, internationalization, internal export barriers and export performance were collected. The data was then analysed by applying path analysis using LISREL 8 in testing the hypotheses.

Findings

Results from the study shows that in this market, firm size is related positively to internal export barriers, firm size and internal export barriers are related positively to export performance, and that internationalization is related negatively to export performance. The observation suggests that a large firm size and a good internationalization strategy are the most effective strategic options for enhancing firm export performance in this market. Another observation from the study was that firms in emerging markets lack the needed resource commitment to export.

Practical implications

Results of this study add to prior literature by identifying variables which contribute to the improvement of both internal export barriers and export performance in an emerging market (sub-Saharan Africa). The study provides advice to managers who are trying to improve the export performance of a firm in an emerging market and to policy makers about how an emerging market can improve its export industry.

Originality/value

This research work serves as an important guide for future researchers who intend to study export problems in other emerging economies. Policy makers in emerging economies may refer to this work to identify export problems that firms face in order to provide timely and effective assistance to small and medium scale enterprises engaged in export ventures. The paper believes the benefit of internationalization is realized as managers' leverage the learning opportunities accumulated over the years through exposure to the international market. Managers need to develop considerable capabilities and competencies to identify the specific barriers they must overcome in order to formulate appropriate export strategies.

Details

International Journal of Emerging Markets, vol. 8 no. 4
Type: Research Article
ISSN: 1746-8809

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