Managing the Family Business Theory and Practice, by Thomas Zellweger. Cheltenham, UK: Edward Elgar Publishing, 2017. 527 pages, hard cover

2020 ◽  
Vol 19 (1) ◽  
pp. 122-124
Author(s):  
E. Tetzlaff ◽  
P. Jaskiewicz
Keyword(s):  
Family Business ◽  
Theory And Practice ◽  
The Family ◽  
Hard Cover ◽  
Edward Elgar

Book Review: Zellweger T., Managing the Family Business: Theory and Practice

2018 ◽  
Vol 27 (2) ◽  
pp. 309-312
Author(s):  
Subhendu Kumar Mishra
Keyword(s):  
Family Business ◽  
Theory And Practice ◽  
The Family ◽  
Edward Elgar

Zellweger T., Managing the Family Business: Theory and Practice, Cheltenham, UK: Edward Elgar, 2017, 527 pp.

scholarly journals An Intergeneration Solidarity Perspective on Succession Intentions in Family Firms

2020 ◽  
pp. 104225872095638
Author(s):  
Daniela Gimenez-Jimenez ◽  
Linda F. Edelman ◽  
Tommaso Minola ◽  
Andrea Calabrò ◽  
Lucio Cassia
Keyword(s):  
Family Business ◽  
Affective Commitment ◽  
Family Firms ◽  
Social Institution ◽  
Theory And Practice ◽  
Intergenerational Solidarity ◽  
Entrepreneurial Spirit ◽  
The Family ◽  
Global University ◽  
The Relationship

In enterprising families, the family, as a social institution, is the foundation of the family business. However, in enterprising families, intergenerational succession remains problematic. Using intergenerational solidarity theory, and data from the 2013 Global University Entrepreneurial Spirit Students Survey (GUESSS; N = 18,576), our findings indicate that affective commitment partially mediates the relationship between family business exposure and offspring’s succession intentions. We also find that this relationship is stronger for sons than for daughters, while birth order has no effect. Implications for theory and practice are discussed.

scholarly journals Effects of Institutionalization over the Raising Values of Family-Owned Businesses and a Practice

2014 ◽  
Vol 3 (3) ◽  
pp. 77-85
Author(s):  
Sefer Gumus ◽  
Hande Gulnihal Gumus
Keyword(s):  
Family Business ◽  
Academic Language ◽  
Family Relations ◽  
Emergency Situation ◽  
Family Businesses ◽  
Theory And Practice ◽  
Advantages And Disadvantages ◽  
The Family ◽  
The Subject ◽  
Practice Knowledge

The family businesses constitute the base of global economies. They provide contributions to economy and sectors with their assets and activities. Their reaching to plan, program and objectives occur through the sharing of experience, knowledge and accumulation. Their adaptation to domestic and global markets is the characteristic separating the definition, family businesses from other businesses. In this study, the advantages and disadvantages of this situation, management forms, institutionalism concept and its stages and elements of institutionalism, institutionalism stages in family businesses, problems preventing institutionalism, institutionalism of family relations that family constitution, board of directors, family council, inheritance plan, emergency situation plan and conflict management are explained and effects of family individuals over institutionalism, the general characteristics of institutionalized family businesses are defined and a practice regarding the issue of “Institutionalism of Family Relations”, which was performed in a family business through observation, conversation and interview, which was founded in Istanbul in year 1989 and carrying activities in textile sector over shirt, short and pant manufacturing were given place.  Literature review regarding family business were performed in this study and the concepts and theoretical information related with the subject were explained and combining the theory and practice, knowledge accumulation and experience sharing through a practice performed through observation, conservation and interview made with the management of a family business were provided and they were explained in our study with an academic language.

scholarly journals My Forty Years in Studying and Helping Family Businesses

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Gibb Dyer
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Businesses ◽  
Theory And Practice ◽  
The Past ◽  
Family Capital ◽  
The Family ◽  
The Impact

This article will describe the trends in the field of family business over the past forty years in terms of theory and practice. Topics such as succession, consulting with family businesses, the effectiveness of family firms, the role of socio-emotional wealth in family firms, heterogeneity in family businesses, and the impact of family capital on the business and the family will be discussed.

scholarly journals In the family way: an exploration of family business resilience

2020 ◽  
Vol 28 (1) ◽  
pp. 160-182 ◽  
Author(s):  
Nick Beech ◽  
David Devins ◽  
Jeff Gold ◽  
Susan Beech
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Ecological Systems ◽  
Theory And Practice ◽  
Relational Dynamics ◽  
Content Type ◽  
Business Context ◽  
Social Ecological Systems ◽  
Social Ecological ◽  
The Family

Purpose This paper aims to explore the concept of resilience set within a family business context and considers how familiness and the nature of noneconomic factors, such as relationship dynamics influence performance. This paper provides new insights into the nature and impact of familiness as a mediating device, uncovering the potential for reframing resilience theory and practice. Design/methodology/approach The paper draws on a review of the extant literature in the areas of resilience and familiness as a means of developing a deeper understanding of the social-ecological system of the family firm. Findings The study reveals family business as a complex interrelationship between complimentary social-ecological systems. It highlights the complexity of family business and the challenges of the relational nature of familiness and how this presents additional layers of complexity in the decision making process and implementation. Research limitations/implications The paper draws on literature that is dominated by western culture and may partially or not at all reflect the issues associated with organisational resilience in family firms with such backgrounds and their culturally bound social-ecological systems. Originality/value The paper seeks to fill a knowledge gap by exploring the key elements of organisational resilience in the context of familiness. The work calls for further research into the nature of familiness connections mediating the nature of family relational dynamics. It further provides a framework indicating how these elements can shape and subvert day-to-day management events, raising implications for theory and practice and calls for deeper empirical research to be undertaken.

The Ownership Trust and Succession Paralysis in the Family Business

1992 ◽  
Vol 5 (2) ◽  
pp. 145-160 ◽  
Author(s):  
Marion McCollom
Keyword(s):  
Family Business ◽  
Family Systems ◽  
Theory And Practice ◽  
Healthy Development ◽  
The Family ◽  
Authority Relations ◽  
Ownership Arrangement ◽  
Succession Processes

This article shows the key role of the ownership system in the healthy development of the family business. Specifically, the analysis focuses on a case in which the ownership of a family business is held in trust. The paralyzing impact of this ownership arrangement on the business and family systems is described, revealing dysfunction in authority relations in general and succession processes in particular. An interpretation is offered to suggest that the trust has allowed the founder, long dead, to effectively retain control. The resulting diagnosis yields several implications for the development of family business theory and practice.

Examining employment relationship activities in family business research

2016 ◽  
Vol 6 (3) ◽  
pp. 210-224 ◽  
Author(s):  
Holly Ferraro ◽  
Jennifer Marrone
Keyword(s):  
Family Business ◽  
Family Members ◽  
Family Businesses ◽  
Theory And Practice ◽  
Employment Relationship ◽  
Future Research ◽  
Business Research ◽  
Content Type ◽  
The Family ◽  
Advance Theory

Purpose The purpose of this paper is to examine the family business literature on human resource management (HRM) activities within family-owned businesses to advance theory and practice. Design/methodology/approach This paper is a review of research on the formation, adaptation, and termination of the employment relationship within family businesses. Findings Important areas for future research are revealed. For example, little research investigates how family members are recruited, socialized, or how exit decisions are made. In contrast, significant attention has been given to role transitions during succession. Research limitations/implications The paper focuses on managing employment relationships (e.g. recruitment, selection, etc.) within family businesses. The research revealed HRM activities within family businesses are often informal so aspects of the employment relationship may not be fully captured by extant research. Practical implications This review provides specific HRM suggestions for practitioners to consider. For example, this review highlights that training inside the family business can be as effective as training outside the family business. Originality/value This review is novel in applying an established HRM framework to family business research and focuses on HRM activities of family members as opposed to non-family employees. The paper offers considerations for families bringing next generation members into their businesses and preparing offspring to run them successfully.

Human Resources in the Family Business

2016 ◽  
Author(s):  
David Ransburg ◽  
Wendy Sage-Hayward ◽  
Amy M. Schuman
Keyword(s):  
Human Resources ◽  
Family Business ◽  
The Family
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