scholarly journals Back to the Past: Re-Measuring the Levels of Strategic Orientations and Their Effects on Firm Performance in Turkish Family Firms: An Updated Empirical Study

2012 ◽  
Vol 41 ◽  
pp. 288-295 ◽  
Author(s):  
Erkut Altindag ◽  
Cemal Zehir
Keyword(s):  
Firm Performance ◽  
Empirical Study ◽  
Family Firms ◽  
The Past ◽  
Strategic Orientations ◽  
Turkish Family

scholarly journals Organizational Renewal in Family Firms

2014 ◽  
Vol 15 (2) ◽  
pp. 67-78 ◽  
Author(s):  
Sarah Drakopoulou Dodd ◽  
Vasilis Theoharakis ◽  
Angelo Bisignano
Keyword(s):  
Regression Analysis ◽  
Firm Performance ◽  
Strong Evidence ◽  
Succession Planning ◽  
Family Firms ◽  
Path Dependency ◽  
Organizational Renewal ◽  
The Past ◽  
The Future ◽  
High Level

The authors investigate whether organizational renewal impacts on the performance of family firms and identify aspects of ‘familiness’ acting as facilitators or inhibitors of organizational renewal. A survey instrument captured data on relevant family-related characteristics, organizational renewal and firm performance from the CEOs of 140 family firms in Greece. Regression analysis was used to test hypotheses. Strong evidence was found that organizational renewal impacts positively on the profit growth of family firms. Where CEOs had a strong growth aspiration for the future and were firm founders, and where succession planning was taking place, renewal was more likely to be enacted. Efforts are focused on creating a business that will thrive in the future, and not on curating an organizational heirloom shaped and constrained by the past. Their strong future focus liberates these family firms from possible cross-generational path dependency, allowing the special resources of their family's business to act instead as a springboard for ongoing organizational renewal. Conversely, those family firms with a high level of family altruism indicated by extensive kin employment seem to be more likely to be destined for stagnation than stewardship, as they promote (past-focused) historical family sentiment and tradition. The dangers of cross-generational path dependency indeed seem pronounced in such past-focused firms.

Absorptive capacity and small family firm performance: exploring the mediation processes

2018 ◽  
Vol 22 (6) ◽  
pp. 1201-1216 ◽  
Author(s):  
Sanjay Chaudhary ◽  
Safal Batra
Keyword(s):  
Knowledge Management ◽  
Firm Performance ◽  
Absorptive Capacity ◽  
Family Firms ◽  
Family Firm ◽  
Content Type ◽  
Small Family ◽  
Strategic Orientations ◽  
And Performance ◽  
The Relationship

Purpose Despite the recognized importance of knowledge management for small family firms, relatively little empirical research has been done so far to understand the mechanisms through which absorptive capacity (AC) assists their performance. The purpose of this study is to understand the relationship between absorptive capacity and performance in small family firms. Design/methodology/approach In this study, the authors theoretically argue and empirically validate that AC enables the creation of entrepreneurial, market and technology orientations in small family firms, which, in turn, lead to superior firm performance. They also tested the study’s hypotheses using mediation and multiple linear regression analyses on data collected from 272 small Indian family firms. Findings The study’s findings suggest indirect relationship between AC and performance. The strategic orientations provide a mechanism through which investments in small family firms’ AC results in firm performance. Practical implications This study offers crucial insights to practitioners and small firm managers regarding the use of knowledge-based capabilities in creating appropriate strategic postures, which, in turn, assist firm performance. Originality/value This study is among few research attempts in understanding the knowledge aspects of small family firms. The present research contributes to the existing literature by unravelling the relationship between knowledge management and small family firm performance. Also, by bringing in data from an under-studied context of an emerging economy, this study strengthens the theoretical applicability of knowledge management in different contexts.

scholarly journals LEARNING, ENTREPRENEURSHIP AND INNOVATION ORIENTATIONS IN TURKISH FAMILY-OWNED FIRMS

2011 ◽  
Vol 1 (2) ◽  
pp. 36-47 ◽  
Author(s):  
Erkut Altindag ◽  
Cemal Zehir ◽  
A.Zafer Acar
Keyword(s):  
Firm Performance ◽  
Strategic Management ◽  
Financial Performance ◽  
New Paradigm ◽  
High Quality ◽  
Organization Structures ◽  
Goods And Services ◽  
Sustainable Performance ◽  
Strategic Orientations ◽  
Turkish Family

Globalization is forcing family-owned companies need to be more flexible and faster organization structures to respond effectively to the customers’ growing various types needs on the certain line of producing high quality goods and services these days. With the start of a new paradigm era in strategic management field, family- owned firms began to choose different tools to maximize their sustainable performance against rivals. These tools include special strategic orientations including learning, entrepreneurship and innovation implications. Our study tries to explore the effects of strategic orientations implications into firm performance and their effects on growth and financial performance in Turkish family-owned companies.

scholarly journals Were they really laughed at? That much? Gelotophobes and their history of perceived derisibility

2009 ◽  
Vol 22 (1-2) ◽  
Author(s):  
René T. Proyer ◽  
Christian F. Hempelmann ◽  
Willibald Ruch
Keyword(s):  
Empirical Study ◽  
Large Degree ◽  
Time Span ◽  
Corpus Study ◽  
The Past ◽  
History Of ◽  
University Of Zurich

AbstractThe List of Derisible Situations (LDS; Proyer, Hempelmann and Ruch, List of Derisible Situations (LDS), University of Zurich, 2008) consists of 102 different occasions for being laughed at. They were retrieved in a corpus study and compiled into the LDS. Based on this list, information on the frequency and the intensity with which people recall being laughed at during a given time-span (12 months in this study) can be collected. An empirical study (N = 114) examined the relations between the LDS and the fear of being laughed at (gelotophobia), the joy of being laughed at (gelotophilia), and the joy of laughing at others (katagelasticism; Ruch and Proyer this issue). More than 92% of the participants recalled having been laughed at at least once over the past 12 months. Highest scores were found for experiencing an embarrassing situation, chauvinism of others or being laughed at for doing something awkward or clumsy. Gelotophobia, gelotophilia, and katagelasticism were related about equally to the recalled frequency of events of being laughed at (with the lowest relation to katagelasticism). Gelotophobia, gelotophilia, and katagelasticism yielded a distinct and plausible pattern of correlations to the frequency of events of being laughed at. Gelotophobes recalled the situations of being laughed at with a higher intensity than others. Thus, the fear of being laughed at exists to a large degree independently from actual experiences of being laughed at, but is related to a higher intensity with which these events are experienced.

scholarly journals Green Innovation, Managerial Concern and Firm Performance: An Empirical Study

2017 ◽  
Vol 27 (1) ◽  
pp. 39-51 ◽  
Author(s):  
Mingfeng Tang ◽  
Grace Walsh ◽  
Daniel Lerner ◽  
Markus A. Fitza ◽  
Qiaohua Li
Keyword(s):  
Firm Performance ◽  
Empirical Study ◽  
Green Innovation

Strategic orientations, firm performance and the moderating effect of absorptive capacity

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manuel-Alejandro Ibarra-Cisneros ◽  
María del Rosario Demuner-Flores ◽  
Felipe Hernández-Perlines
Keyword(s):  
Firm Performance ◽  
Market Orientation ◽  
Absorptive Capacity ◽  
Entrepreneurial Orientation ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Equation Modeling ◽  
Content Type ◽  
Strategic Orientations ◽  
The Relationship

PurposeThe purpose of this article is to study the moderating effect of absorptive capacity, defined as the set of organizational routines and processes through which companies acquire, assimilate, transform and exploit knowledge to produce a dynamic organizational capacity (Zahra and George, 2002), in three strategic orientations: market orientation; technology orientation and entrepreneurial orientation and their positive relationship in the performance of the medium and large Mexican manufacturing firms. Likewise, it is determined whether these three combined SOs influence firm performance.Design/methodology/approachThe data was collected from 171 medium and large-sized Mexican manufacturing firms. The proposed hypotheses are tested using partial least square structural equation modeling (PLS-SEM).FindingsDespite the importance of knowledge for the development of firms, the results indicate that the moderating effect of absorptive capacity is only present in the relationship between entrepreneurial orientation and firm performance. That is, firms cannot take advantage of knowledge simultaneously between the three strategic orientations. For their part, market orientation and entrepreneurial orientation exert a positive influence on firm performance.Practical implicationsThe main practical implication for the manufacturing industry is that they must develop mechanisms to detect what kind of knowledge affects each strategic orientation, in this way it can make the absorptive capacity influence the relationships between SO and FP.Originality/valueThe main contribution consists of studying the moderating effect of the absorptive capacity on the relationship between three strategic orientations and firm performance, and not concentrating solely on the simultaneous use of these strategies as is commonly done.

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