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Author: Josiane Fahed-Sreih Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This article explores the characteristics of Lebanese family businesses using a sample of 114 firms and tests various propositions regarding the relationships between correlates of effective succession planning and longevity. Successful family businesses in Lebanon exhibit a variety of responses to the variables that are conducive to success. The findings indicate that older firms are more inclined to use a participatory decision-making process, as evidenced by more reliance on advisory boards. A significantly larger proportion of older firms relative to younger ones holds family meetings and has formal redemption and liquidity plans. Firms in our sample are characterized by liberal attitudes: more than 75% consider female ownership acceptable and more than two-thirds of the firms respond positively to potential female CEOs.
Author: Josiane Fahed-Sreih Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This article explores the characteristics of Lebanese family businesses using a sample of 114 firms and tests various propositions regarding the relationships between correlates of effective succession planning and longevity. Successful family businesses in Lebanon exhibit a variety of responses to the variables that are conducive to success. The findings indicate that older firms are more inclined to use a participatory decision-making process, as evidenced by more reliance on advisory boards. A significantly larger proportion of older firms relative to younger ones holds family meetings and has formal redemption and liquidity plans. Firms in our sample are characterized by liberal attitudes: more than 75% consider female ownership acceptable and more than two-thirds of the firms respond positively to potential female CEOs.
Author: Gretta Kabalan Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Most of common firms around the world and specifically in Lebanon are family-owned business that started their operations in the traditional businesses, such as trading, manufacturing, and providing services. Many of the Lebanese family business became very successful and well known regionally and sometimes internationally, listing the following: Khalil Fattal and Sons Group, T. Gargour & Fils S.A.L., CMA CGM Lebanon S.A.L., and Mecattaf Trading CO. S.A.L. In order the keep the family business in the good track, internal and externals factors (good management, well-structured firm, adopt to changes, efficiency & effectiveness, customer focus, confidence, engagement and others) should always be maintained and applied subsequently. Therefore, this research will attempt to focus on the key factors that contribute to the success of a family business in Lebanon, and understand more the structure of that type of businesses. Moreover, we will investigate if family business has restrictions and what to consider as dynamic factors. However, to be able to reach the right conclusions and be more accurate in our study, quantitative analyses will be used in addition to previous researches and measurements.
Author: Clara el Batal Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This thesis investigates the existing relationship between family involvement in ownership, direction, business management and the enterprise's financial performance. Whether family managers and directors or non-family managers and outside directors approaches have better influence on the company's financial performance, is also investigated. The relation between conservative, entrenchment management and financial performance is reviewed as well. Lastly, whether family involvements by heirs for longevity goals and business succession have a positive influence on financial performance is also reviewed. The analysis of the family involvement implications on the firm's profitability is based on a quantitative study with a sample of 69 Lebanese companies. Based on the gathered data, the comparison of financial performance and the involvement of family and non-family managers, we concluded that family involvement is negatively correlated to the company's profitability. The more the family is involved in management and in direction, the less the financial performance is realized. Furthermore, the results show a negative association between conservative management, entrenchment and financial performance. Lastly, according to longevity goals and business succession with family involvement by heirs, the result didn't show a significant relationship with financial performance. These results were authenticating through the culture and the qualification of Lebanese family owners and managers. This research study indicates that, non-family managers and family owners act as stewards by caring about maximizing the family business value for all shareholders and by considering the success of the company as their own, instead of acting as agents by prioritizing the family members' utility and personal goals.
Author: Robert Jhonson Publisher: Independently Published ISBN: Category : Family & Relationships Languages : en Pages : 0
Book Description
"Faith: The secret to the longevity of family businesses" explores the profound connection between faith and the enduring success of religious traditions and family businesses. Drawing parallels between the power of faith in religion and its role in family businesses, this book delves into the importance of beliefs in establishing a strong foundation, shaping long-term visions, building resilience, and transmitting values across generations. Why do religious traditions last millennia? According to Robert Jhonson the reason is faith. The success of family businesses is the result of an unwavering faith in carrying forward the family's beliefs and reputation. This faith is a far cry from what non-family businesses struggle to understand and put into practice. Family businesses have a long-term vision like religious faiths while all others work in the short term. For more than two decades, Robert Jhonson's professional path has been closely intertwined with the fabric of family businesses. During this time, he has not only supported, but also witnessed the ebb and flow of entrepreneurial endeavors, serving as a faithful companion to the resilient individuals who make up these dynamic entities. From the celebratory moments of million-dollar contracts to navigating the treacherous terrain of substantial losses, the narrative of family businesses is one of perseverance, growth, and an unwavering commitment to tradition.
Author: Ritch L. Sorenson Publisher: Edward Elgar Publishing ISBN: 1782547541 Category : Business & Economics Languages : en Pages : 255
Book Description
•The editors should be commended for developing a Map of the Landscape of Family Business Outcomes. It gives future research direction to the discipline considering both short-term profitability and long-term sustainability. It considers conventional c
Author: Leif Melin Publisher: SAGE ISBN: 1446265935 Category : Business & Economics Languages : en Pages : 697
Book Description
The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.
Author: Paloma Fernandez Perez Publisher: Cambridge University Press ISBN: 1107292603 Category : Business & Economics Languages : en Pages : 307
Book Description
The Endurance of Family Businesses is a collection of essays offering an overview of the importance and resilience of family-controlled large businesses. Much of economic and business history research neglects family businesses, considering them an inefficient form of business organization. These essays discuss the strengths of family businesses: the ways family firms have managed, financed and governed their corporations, as well as the way in which they structure their relationship with the external environment, from the government to the company's stakeholders. Family businesses have learned new ways of organizing their resources and using their accumulated know-how for new markets and institutional environments. This volume combines the expertise of well-known scholars who specialize in business history, economic history, management and consulting, to provide an interdisciplinary perspective on family businesses. Contributors provide a global view by taking into account Asian, American and European experiences.
Author: Tarek Sanyoura Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The aim of this thesis is to better understand how family to business support affects the entrepreneurial success and the financial performance of the Lebanese companies. And how success isn't males special characteristic. For that aim we elaborated four hypotheses. The first hypothesis indicated that family to business support is positively related to entrepreneurial success. The second hypothesis suggested that the Lebanese entrepreneurs are positively job satisfied. The third hypothesis proposed that there are no differences in gender-based performance in the Lebanese SMEs. And finally, the fourth hypothesis suggested that family to business support is positively related to female entrepreneurial success. In order to authenticate our hypotheses we have collected primary data by using a quantitative method technique by performing an inquiry by surveying 50 Lebanese companies through a questionnaire formed by closed questions and modulators. This research analyzes the impact of family to business support on entrepreneurial success. By using the multiple regression equation we established a relationship between the different family to business support factors and the variable controls used to for the research such as age, gender, salary ... Also we studied if the Lebanese entrepreneurs are positively job satisfied. And if gender-based influence on the performance of the studied enterprises. And finally, we studied the positive relationship between female and entrepreneurial success. Analyzing the results, the factors studied as family to business support represent a small portion of the variables influencing the entrepreneurial success and therefore we concluded that there is no relationship between family to business support as we studied it and entrepreneurial success. And, Lebanese entrepreneurs are highly satisfied and very content of the performance and the results of their firms. Also, we concluded from our research that there is a positive difference in performance results between male and female gender. And finally studying our last hypothesis, we concluded that female entrepreneurs rely on the family to business support to succeed in their firms.
Author: Franz Kellermanns Publisher: Taylor & Francis ISBN: 1317419995 Category : Business & Economics Languages : en Pages : 643
Book Description
The Routledge Companion to Family Business offers a definitive survey of a field that has seen rapid growth in research in recent years. Edited by leading scholars with contributions from the top minds in family business from around the world, this volume provides researchers and scholars with a comprehensive understanding of the state of the discipline. Over 25 chapters address a wide variety of subjects, providing readers with a thorough review of the key research themes in the modern family firm, such as corporate social responsibility and bank debt rationing. International examples cover a wide range of economies including China, Europe, and Latin America. The book will appeal to undergraduates, postgraduates and business instructors seeking a definitive view of the issues and solutions that affect and support family business.
Author: Josiane Fahed-Sreih
Author: Josiane Fahed-Sreih
Author: Gretta Kabalan
Author: Clara el Batal
Author: Robert Jhonson
Author: Ritch L. Sorenson
Author: Leif Melin
Author: Paloma Fernandez Perez
Author: Tarek Sanyoura
Author: Franz Kellermanns
Author: Mira Y. El Shammas