Entrepreneurial orientation in family firms – management and intercultural development

• Authors: Wioletta Czemiel-Grzybowska
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

entrepreneurship; family businesses; attributes of management; wealth management; portfolio governance

• Publisher: Sciendo
• Journal: Journal of Intercultural Management
• Year: 2014
• Volume: 6
• Issue: 4-1
• Pages: 181-190

Dates

published

2014-12-01

online

2015-08-25

Contributors

author

Wioletta Czemiel-Grzybowska

• Bialystok University of Technology

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Identifiers

DOI

10.2478/joim-2014-0044