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.

Family Firm Performance: Further Evidence

2006 ◽  
Vol 19 (2) ◽  
pp. 103-114 ◽  
Author(s):  
Jim Lee
Keyword(s):  
Regression Analysis ◽  
Firm Performance ◽  
Relative Stability ◽  
Family Firms ◽  
Study Data ◽  
Employment Stability ◽  
Revenue Growth ◽  
Long Run ◽  
Founding Family ◽  
Over Time

This article empirically investigates the competitiveness and stability of family-owned firms relative to firms owned by diverse shareholders. Founding families are present in about one-third of the S&P 500—the sample of this study. Data gathered over the 1992—2002 period confirm that family firms tend to experience higher employment and revenue growth over time and are more profitable. Regression analysis also supports that firm performance improves when founding family members are involved in management. Although evidence on the relative stability in employment among family firms over the long run is tenuous, data from the most recent recession support the role that founding families play in maintaining employment stability during temporary market downturns.

scholarly journals From present to future. An academic perspective of Public Archaeology in Spain

2021 ◽  
Vol 10 ◽  
pp. 65
Author(s):  
Alicia Castillo Mena
Keyword(s):  
Public Archaeology ◽  
The Past ◽  
The Future ◽  
High Level

Ten years seems little time to assess the future of such a relatively young topic as Public Archaeology (PA) is, in special in Spain and in the academic arena. I divide my answer in two classic parts: present and future. By understanding the present (based on the past) we can try to guess (more or less) the future… Even if we think in the context of a pandemic, predicting the future of anything becomes really uncertain and reckless. If I may write, there is a high level of uncertainty and luck in getting it right.

The Future of Psychiatry: Predictions Past and Present

1972 ◽  
Vol 121 (565) ◽  
pp. 579-589 ◽  
Author(s):  
Ørnulv Ødegård
Keyword(s):  
Human Mind ◽  
Human Consciousness ◽  
The Past ◽  
The Future ◽  
High Level ◽  
Mental Force

Human consciousness includes the dimension of time: As history it reaches back into the past, and as prediction it gropes towards the future. Knowledge of the future must have been felt as a necessity as long as the human mind has existed, and the need for such knowledge was being met on a high level of organization even before culture reached a written stage. Prophets came before authors. At one time prophecy was more important than history because it was nourished by the ancient and powerful mental force of anxiety, anxiety in its true psychiatric form as fear of the unknown.

scholarly journals Managing the Tradition and Innovation Paradox in Family Firms: A Family Imprinting Perspective

2019 ◽  
Vol 44 (1) ◽  
pp. 20-54 ◽  
Author(s):  
Irmak Erdogan ◽  
Emanuela Rondi ◽  
Alfredo De Massis
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Beliefs And Practices ◽  
Innovation Research ◽  
Continuity And Change ◽  
The Past ◽  
Production Processes ◽  
The Future ◽  
Family Generation ◽  
Simultaneous Adoption

Long-established family firms are endowed with a bundle of beliefs and practices that constitute their tradition. However, to remain competitive, they need to renew their products and production processes. Such forces pulling toward the past and the future, antithetically calling for continuity and change, seem paradoxical. In an abductive analysis of eight long-established family firms in Turkey, we identify four equifinal strategies to manage this paradox. Adopting a family imprinting perspective, we theorize how the long-lasting legacy of previous family generations shapes different approaches to innovation and tradition depending on the content imprinted on the current family generation. Contributing to family business, imprinting and innovation research, we identify the new construct of temporal symbiosis as a firm’s simultaneous adoption of retrospective and prospective approaches to using its resources to concurrently perpetuate tradition and achieve innovation, highlighting its crucial role as a shield of the past and engine for the future.

The Learning Organization

2014 ◽  
pp. 183-198
Author(s):  
Deborah Keller
Keyword(s):  
Knowledge Management ◽  
Organizational Learning ◽  
Learning Organization ◽  
The Past ◽  
After Action Review ◽  
The Future ◽  
High Level

The practice of using reviews of past events as (often expensive) investments in learning for the future pays off. Why don't all organizations use the practice as a matter of course? The chapter explores how barriers are similar to all other barriers to successful knowledge management and include such obvious elements as high level ownership and a culture of valuing the learning every employee can contribute to the organization's future. A key element is the organizational will to learn from what happened in the past. The After Action Review is used to illustrate a model for organizational learning.

The science, suspicion, and sustainability of opinion polls

2020 ◽  
pp. 324-340
Author(s):  
Thomas P. Wolf
Keyword(s):  
Public Support ◽  
The Past ◽  
Technological Advances ◽  
The Future ◽  
High Level ◽  
Election Polls ◽  
Political Scene ◽  
Opinion Polls

The past 30 years have seen political surveys, particularly those related to elections, evolve from an occasional novelty to a staple feature of the Kenyan political scene. This chapter considers several issues with regard to these surveys. These include: (1) the practical challenges in conducting them as well as recent technological advances; (2) the reasons why a high level of suspicion is often attached to election polls in particular, and the main rhetorical forms that such suspicion takes; and, (3) several factors likely to affect the future of such surveys, beyond the widespread awareness of and considerable public support for them, especially the attitudes of those in, and aspiring to, power. It concludes by suggesting that the recent “proliferation” of such polls is no guarantee of their continuation.

scholarly journals Felt as an unsolved code of the past – a bridge to the future

2017 ◽  
Author(s):  
Ч.Ж. Тентиева
Keyword(s):  
Fine Arts ◽  
Folk Art ◽  
Arts And Crafts ◽  
National Museum ◽  
New Materials ◽  
The Past ◽  
Central Asian ◽  
The Future ◽  
History Of ◽  
High Level

В статье рассмотрены вопросы истории развития художественной обработки войлока в Кыргызстане на примере работ из коллекции Кыргызского национального музея изобразительного искусства им. Г. Айтиева. Акцентируется внимание на творчество Джумабая Уметова, который возродил древнейшее ремесло среднеазиатских народов войлока и чия как новой области декоративно-монументального искусства. Продолжая традиции Уметова, работают на качественно новом уровне такие мастера, как Токтогул Касымов, Райгуль Акматова, Галина Турдиева. Современное декоративное искусство выросло на основе народного творчества. Сохраняя традиции, художники Кыргызстана развивают декоративно-прикладное искусство, внося новые темы, решения, осваивая новые виды, материалы и техники, формируя облик нового интерьера. The article discusses the history of felting in Kyrgyzstan based on the works from the collection of Kyrgyz National Museum of Fine Arts by G. Aytiev. The special attention is paid to works made by Jumabai Umetov , who revived the ancient craft of the Central Asian peoples connected with  felt and cane as a new field of decorative and monumental art. Continuing Umetov's traditions such high-level masters as Toktogul Kasymov, Raigul Akmatova, Galina Turdieva work at a qualitatively new level. Modern arts and crafts art grew up from the folk art. Keeping traditions, introducing new themes, solutions, mastering new materials and techniques, forming the new appearance of interior the artists of Kyrgyzstan develop arts and crafts.

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