IDEAS home Printed from https://ideas.repec.org/p/ebg/iesewp/d-0570.html
   My bibliography  Save this paper

Family members who do not work in the family business: How to enhance their "unity" and "commitment"

Author

Listed:
  • Gallo, Miguel A.

    (IESE Business School)

  • Cappuyns, Kristin

    (IESE Business School)

Abstract

This study builds on the results of a recent international study, "Success as a Function of Love, Trust and Freedom in Family Business" (Gallo et al., 2001), which introduced a new conceptual model identifying family unity and commitment as driving forces behind the success of Family Businesses (FBs). Whereas the earlier research dealt with family members who are active in the business, this study aims primarily to reflect what non-active family members, from their position as "outsiders," think about the business of which they, too, are a part. One of our principal hypotheses is that successful FBs are supported by families that place an emphasis on family unity and commitment. Secondly, based on a typology of family members according to their levels of effort, loyalty and idealism, the study identifies a number of rewards or motivators that can help to raise these levels over generations.

Suggested Citation

  • Gallo, Miguel A. & Cappuyns, Kristin, 2004. "Family members who do not work in the family business: How to enhance their "unity" and "commitment"," IESE Research Papers D/570, IESE Business School.
    • Handle: RePEc:ebg:iesewp:d-0570
    as

    Download full text from publisher

    File URL: http://www.iese.edu/research/pdfs/DI-0570-E.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gallo, Miguel A. & Cappuyns, Kristin, 2004. "Characteristics of successful family businesses," IESE Research Papers D/542, IESE Business School.
    2. Fred Neubauer & Alden G. Lank, 1998. "The Family Business," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-14465-5.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chris Adendorff & Daphne Halkias, 2014. "Leveraging Ethnic Entrepreneurship, Culture And Family Dynamics To Enhance Good Governance And Sustainability In The Immigrant Family Business," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 1-23.
    2. Gonzalo Maldonado-Guzman & Sandra Yesenia Pinzón-Castro & Araceli Alvarado-Carrillo, 2018. "Corporate Social Responsibility in Family and Non-Family SMEs in Mexico," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 171-183, August.
    3. Marja-Liisa Kakkonen, 2005. "Intuition Of Family Entrepreneurs: An Exploratory Study Of Perceptions And Experiences," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 47-67.
    4. Gérard Hirigoyen & Thierry Poulain-Rehm, 2014. "The Corporate Social Responsibility of Family Businesses: An International Approach," IJFS, MDPI, vol. 2(3), pages 1-26, July.
    5. Rahul Nilakantan & Deepak Iyengar & Samar K. Datta & Shashank Rao, 2021. "On Ethical Violations in Microfinance Backed Small Businesses: Family and Household Welfare," Journal of Business Ethics, Springer, vol. 172(4), pages 785-802, September.
    6. Franco Ernesto Rubino & Paolo Tenuta & Domenico Rocco Cambrea, 2017. "Board characteristics effects on performance in family and non-family business: a multi-theoretical approach," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 623-658, September.
    7. Ilias, Nauman, 2006. "Families and firms: Agency costs and labor market imperfections in Sialkot's surgical industry," Journal of Development Economics, Elsevier, vol. 80(2), pages 329-349, August.
    8. Muhammad Shaukat Malik & Mian Muhammad Tayyab, 2019. "Impact of Family Ownership on Organizational Performance With the Moderating Role of Active Versus Passive Control: A Case of Pakistan’s Private Sector," International Journal of Human Resource Studies, Macrothink Institute, vol. 9(4), pages 19-37, December.
    9. Jayaram, Jayanth & Dixit, Mita & Motwani, Jaideep, 2014. "Supply chain management capability of small and medium sized family businesses in India: A multiple case study approach," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 472-485.
    10. Kyuho Jin & Joowon Lee & Sung Min Hong, 2021. "The Dark Side of Managing for the Long Run: Examining When Family Firms Create Value," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    11. Patrice Charlier & Céline Duboys, 2011. "Gouvernance familiale et politique de distribution aux actionnaires," Revue Finance Contrôle Stratégie, revues.org, vol. 14(1), pages 5-31., March.
    12. Hiba Birgach & Taib Berrada El Azizi & Badr Habba, 2021. "Family Governance Mechanisms in Moroccan Family Businesses: An Exploratory Study," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(8), pages 101-101, July.
    13. Parmendra Sharma & Neelesh Gounder, 2012. "Obstacles to bank financing of micro and small enterprises: empirical evidence from the Pacific with some policy implications," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 19(2), pages 49-75, December.
    14. Matthias Filser & Alexander Brem & Johanna Gast & Sascha Kraus & Andrea Calabrò, 2016. "Innovation In Family Firms — Examining The Inventory And Mapping The Path," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-39, August.
    15. Peter J. Baldacchino & Annette Gauci & Simon Grima, 2019. "Family Influence in Maltese Listed Companies: The Implications on Corporate Governance," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 85-112.
    16. Yannick Bammens & Wim Voordeckers & Anita Gils, 2008. "Boards of directors in family firms: a generational perspective," Small Business Economics, Springer, vol. 31(2), pages 163-180, August.
    17. Claire Gillet & Isabelle Martinez, 2010. "La Verification Volontaire Des Informations Societales: La Structure De Propriete Et Le Conseil D'Administration Ont-Ils Une Influence Sur La Decision De L'Entreprise ?," Post-Print hal-00479519, HAL.
    18. Marco Pini, 2019. "Family management and Industry 4.0: Different effects in different geographical areas? An analysis of the less developed regions in Italy," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(3), pages 73-102.
    19. John Harry Evans & Nandu J. Nagarajan & Jason D. Schloetzer, 2010. "CEO Turnover and Retention Light: Retaining Former CEOs on the Board," Journal of Accounting Research, Wiley Blackwell, vol. 48(5), pages 1015-1047, December.
    20. Michael Gilding & Sheree Gregory & Barbara Cosson, 2015. "Motives and Outcomes in Family Business Succession Planning," Entrepreneurship Theory and Practice, , vol. 39(2), pages 299-312, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebg:iesewp:d-0570. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Noelia Romero (email available below). General contact details of provider: https://edirc.repec.org/data/ienaves.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.