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Australia’S Dennis Family Corporation, Justin Craig, Ken Moores
Australia’S Dennis Family Corporation, Justin Craig, Ken Moores
Justin B. Craig
This paper details how the Australia Dennis family has been able to professionalize their family business while still retaining their family values and realizing the founders’ vision. We detail how Bert and Dawn Dennis and their four adult offspring decided to amalgamate their associated businesses with the parent company and take on the challenge of professionalizing this new entity. We highlight that, although the four siblings had learnt business, they had to now learn their family business. In addition, the CEO, Grant Dennis, had to learn to lead the business. As well, the Dennis family had to learn to give …
Epilogue - Family Business: A Rich Research Repository, Justin Craig, Ken Moores, Carole Howorth, Panikkos Poutziouris
Epilogue - Family Business: A Rich Research Repository, Justin Craig, Ken Moores, Carole Howorth, Panikkos Poutziouris
Justin B. Craig
Extract:
As evidenced in our opening paper Family Business Research at a Tipping Point Threshold (Craig, Moores, Horworth & Poutzouris 2009), family business as a research pursuit has undergone significant growth during the last decade (Heck, Hoy, Poutziouris & Steier 2008; Sharma, Hoy, Astrachan & Koiranen 2007). The issues that have faced family business as a research destination are common among all emerging fields (Moores 2009b). Diverse methods are appropriate when the questions being asked are more common than the answers being provided. Therefore, a range of qualitative and quantitative methods are involved according to the nature of questions. Although …
Agency Differences In Professional Family Businesses: The Known And The Unknown, Ken Moores, Justin Craig
Agency Differences In Professional Family Businesses: The Known And The Unknown, Ken Moores, Justin Craig
Justin B. Craig
We suggest in this paper one of the reasons that researchers concur agency costs in family firms are more complex than originally thought maybe related to the lack of conceptual clarity. This, we propose, is because when frameworks and theories are borrowed and enthusiastically embraced without attention to clearly defining concepts from original sources, conceptual clarity is clouded. Clarity is achieved by specifying the conditions necessary for these concepts to be applicable in generating originally envisaged consequences. We present the conditions necessary for the optimum applicability of original agency theoretical concepts in family firms and tentatively distinguish between what is …