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Entrepreneurial and Small Business Operations Commons™
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Articles 91 - 92 of 92
Full-Text Articles in Entrepreneurial and Small Business Operations
A Neglected Factor Explaining Family Business Success: Human Resource Practices, Joseph H. Astrachan, Thomas A. Kolenko
A Neglected Factor Explaining Family Business Success: Human Resource Practices, Joseph H. Astrachan, Thomas A. Kolenko
Faculty Articles
Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was …
Influence Of Family Relationships On Succession Planning And Training: The Importance Of Mediating Factors, Ivan Lansberg, Joseph H. Astrachan
Influence Of Family Relationships On Succession Planning And Training: The Importance Of Mediating Factors, Ivan Lansberg, Joseph H. Astrachan
Faculty Articles
This study models the influence of family relationships on succession variables, using a sample of 130 participants from 109 family businesses. Results suggest that the effects of family adaptability and family cohesion on succession planning and successor training are determined by the family'S commitment to the business and the quality of the owner-manager and successor relationship. The study finds that the influence of family relationships on administrative behavior in family businesses is not always direct, as was previously assumed, but is mediated by various factors.