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Entrepreneurial orientation in family firms – management and intercultural development Cover

Entrepreneurial orientation in family firms – management and intercultural development

Open Access
|Aug 2015

Abstract

This paper has taken an insight to the systemic models of family business from the open systems perspective. I focus on family business system models and on the subsystems content of family system and ownership system in family business context. The paper claim that the open system perspective on intercultural family businesses has both theoretical and empirical implications on family business research. Family businesses have many reasons, including family conflicts over money, nepotism leading to wrong management, and infighting over the succession of power from one generation to the other. Regulating the family’s roles as shareholders, board members, and managers is very important because it can help avoid these pitfalls. This paper will discuss the importance of the openness of the company through five the attributes of enduring family businesses: ownership, family, business and portfolio governance, wealth management, foundation. Dimension of attributes success have taken family business like five jewelers.

DOI: https://doi.org/10.2478/joim-2014-0044 | Journal eISSN: 2543-831X | Journal ISSN: 2080-0150
Language: English
Page range: 181 - 190
Published on: Aug 25, 2015
Published by: SAN University
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2015 Wioletta Czemiel-Grzybowska, published by SAN University
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.