Managing Family Businesses In Communities Essay

Question:

Discuss about the Managing Family Businesses in Small Communities.

Answer:

Managing Family Businesses in Small Communities

Date of Publication/Volume and Issue:

Year- 2001, volume- 39, issue- 1

Author/s Names:

Nancy J. Miller, Harriet McLeod, and Keun Young Oh

Purpose: What does the article set out to do? In other words what is the objective of the author?

The article set out to locate the small businesses that are set up in communities with low populations which is less than ten thousand. The article lays the attention on managing the family businesses in small communities. The article intends to examine the research that was conducted on this and analyze the strategies that was formed by the managers of this business type.

Theory: Does the article use any theoretical framework related to Business Strategy? If yes, explain the framework briefly. What are the strengths and weakness of the framework?

The article uses a framework to examine the strategies that was used by the business that is owned by the family. It explains the planning of the objectives and defines the functions and roles of the managers.

The strength of the framework is it helps to determine the managerial functions. The weakness of the framework is it gives rise to few question, which are not clear about the characteristics of a small family business. The other would include the problems that might arise in family business.

Methodology: What methodology have the authors used to collect data?

Is the article cross cultural? If yes please explain why you think it is cross cultural.

In order to collect the data the author have used the method of survey. The article is not cross-cultural. It is restricted to one group of business makers and this is the reason it is not cross-cultural.

Data Analysis: How were the data analysed? In other words what statistical tools were used?

The data were analyzed by using the method of univariate analysis method and the cluster analysis method.

Findings and conclusion:

At the end of the research it can be stated that the four functional management activities were not completely captured as separate strategies. While analyzing the research this was found that the first group of managers practiced and controlling the strategies. It was also found that the family business management was less engaged in the management functions.

What were the findings and conclusion draw from the article?

From the article it can be concluded that the family business operated in small communities and they played an increasing role in the strengthening of the economies in the rural communities.

How did the article contribute to the theories and concepts of Business Strategy?

The article explores the information and the facts that are useful for the family business. This would enable the families to do business successfully and would intend to increase the shared economy.

Strategy and Structure in International Multi- business Groups

Authors:

Pierre Romelaer and Hanane Beddi

Purpose:

The objective of the authors was to clarify the understanding of several models existing in the company literature. The aim was to integrate strategic planning and decision- making along with operational decentralization.

Theory:

In this article, Porter’s configuration/ coordination framework was discussed and used based on the previous research. As per this framework, the organization is observed as a combination of nine general activities composed of value chain. These activities are responsible for creating an interdependent system with internal connections within them. This framework analyzes that the performance of each of those nine activities affects other’s performance in a dominant environment. Therefore, competitive advantage is gained carrying out the activities at a lower cost, by providing improved value and enhanced coordination.

Methodology:

There was nothing new introduced in this research and secondary sources of data was collected. The secondary sources of data included organizational reports and company literature. Global integration/ local responsiveness were used from a long time and for the current research too. However, this research was not based on any kind of cross- cultural factors.

Data analysis:

A qualitative analysis of secondary sources of data showed the way in which global integration/ local responsiveness perspective is different in the current article. The collected data showed that beyond a certain point, the intervention in research has a powerful negative effect. The data analysis showed that there is a high correlation with interconnected networking from the intensity of global initiatives.

Findings and conclusion:

According to this research, the I/R was regarded as an effective tool to draw a comparison among thirty types of organizations for multinational business organizations. The process adopted was helpful in determining the similarities and differences among the current network models. However, there were several limitations of the approach the undertaken for this research. The complex nature of the MNCs were not totally clarified in this research.

Contribution of the article in the theories and concepts of business strategy:

The findings and conclusion of the research article has paved the way for introducing an approach to go beyond the current perspective to discuss about its applications and restrictions.

New perspectives on strategic management process. THE ANNALS OF THE UNIVERSITY OF ORADEA, p.1573.

Date of Publication/Volume and Issue:

The year of publication – 2013,

Authors:

Pop Zenovia Cristiana andBorzaAnca

Purpose:

The article sets out to integrate two research fields, the field of entrepreneurship and the field of strategic management. The author intends to define the works of the entrepreneurs. The author further intends to observe the use of the strategic management and the concepts related to it at the level of entrepreneurship.

Theory:

The article has adopted the evolution theory of strategic management. In order to do so the article has adopted the strategy of SWOT analysis. It shows the weaknesses as well as the strength of the company.

The strength of the theory is that it is helps in the formation of strategies that might be helpful for the development of the organization. Apart from this the weakness of the framework is that it is time consuming and sometimes the data keeps on changing.

Methodology:

The methodology that have used in the article is the secondary form of methodology.

The article is not cross- cultural as the research is limited to one particular group or one particular topic of research.

Data Analysis:

Since the article consists a theoretical perspective, the data has been analyzed with the help of different secondary data and tools.

Findings and conclusion

The findings and the conclusion of the research includes the advantages and the disadvantages of the process of strategic management. It was found that the financial crisis did affect the Romanian economy and Romanian enterprises.

It was extracted from the article that for the developing economies the development of enterprises should be a strategic goal. It would require better leadership that would lead to better formation of strategy.

This article offered the options to the managers in order to establish strategies that would be necessary for making a business successful.

Governance in practice: Culture driven governance: Why influencing behavior is an essential governance strategy. Governance Directions.

Karen Gately, Co-founder, Ryan Gately.

Purpose: What does the article set out to do? In other words what is the objective of the author?

The objective of the article is to explore the reason of why the influencing behavior is a necessary and essential governance strategy. It explores the aspects that are necessary to create a desirable culture in the workplace.

Theory: Does the article use any theoretical framework related to Business Strategy? If yes, explain the framework briefly. What are the strengths and weakness of the framework?

The frameworks are strategies that are held responsible for the development of the business. The article consists of few theories that would enable the development of the environment of the workplace like, empowering every member of the team, creating awareness and clarity in the team, creating good communication, building trust and respect and maintaining the quality of listening and learning.

The strength of these theories is that this develops the morale of the employees and makes the work place a better place to work and the weakness of this is that the organizations might find it difficult to maintain the structure because of the lack of formation of proper structure.

Methodology: What methodology have the authors used to collect data?

The author have used the secondary methodology.

Is the article cross cultural? If yes please explain why you think it is cross cultural.

Yes it is cross-cultural as it explores the different cultures that should be there in the organizations in order to have a desirable environment to work. In order to do so it has to study different cultures of work.

Data Analysis: How were the data analysed? In other words what statistical tools were used?

The data were analyzed using the secondary method of analysis.

Findings and conclusion:

The findings that can be drawn from the research is that under any condition the standard of behavior in any organization should be maintained. This will be effective for the smooth running of the organization.

What were the findings and conclusion drawn from the article?

The article draws the fact that every member of the organization should feel comfortable in order to work in an organization and to do this the cultural environment of the organization should be good. This would inspire the people to work with great enthusiasm that would benefit the organization.

How did the article contribute to the theories and concepts of Business Strategy?

The article explored the desirable culture that is needed in a workplace that influencing behavior would enhance the governance strategy that would be helpful in forming the business strategy.

Organizational culture and strategy: How does it work? An empirical research

Purpose:

The purpose of the authors was to find out the reason behind the failure of certain companies while implementing competitive strategies. It was aimed to find out the reason behind the winning of some companies while incorporating competitive strategies. The main objective behind this research was to highlight the companies, which were supported in a wide organizational culture to find out about their likeliness in formulating and implementing a strategy.

Theory:

The article has used a theoretical and experimental view on the significance of bearing a dynamic organizational culture created for sustaining modern strategic initiatives. As per organizational culture, a model of shared assumptions was used as an outcome for problem- solving in association with external adoption and internal combination. The use of the theory was not clarifies though, but the concept of organizational culture was beneficial in considering validity. It was transmitted to the new members in the group for correct perception and provided judgment on different problems. The author has desired to provide a theoretical and empirical view of on the significance of varied organizational culture required to sustain new tactical initiatives.

Methodology:

An empirical study was conducted based on to underline the importance of organizational strategy and culture. Eight Romanian construction companies were selected as the sample of this research with the intention of disclosing the relation between the organizational strategy and culture. The primary data was collected from a large sample size for better evaluation of the information. Two questionnaires were used to conduct a survey on organizational culture and strategic efforts. This article was cross- cultural as it has considered the different construction companies of Romania. Therefore, the difference in culture among different organizations played a role in this research to provide a cross- cultural dimension.

Data analysis:

A qualitative and quantitative analysis of the primary sources of data focused on the realization of association among a varied organizational culture of eight Romanian construction companies. The data analysis has shown that there is a relation between the organizational culture and strategy.

Findings and conclusion:

The research findings have focused on the fact that the companies struggling to make an impact in the business environment are looking for innovative ways to enhance performance by implementing new strategies.

Contribution of the article in the theories and concepts of business strategy:

This article has amended the ways in which the organizational activities are performed. A wide organizational culture was highlighted to gain sustainable competitive advantage.

Bibliography

Cristiana, P.Z. and Anca, B., 2013. New perspectives on strategic management process. THE ANNALS OF THE UNIVERSITY OF ORADEA, p.1573.

Cristian-Liviu, V., 2013. Organizational culture and strategy: How does it work? An empirical research. Annals of the University of Oradea, Economic Science Series, 22(1), pp.1690-1696.

Gately, K., 2017. Governance in practice: Culture driven governance: Why influencing behaviour is an essential governance strategy. Governance Directions, 69(5), p.271.

Miller, N., McLeod, H. and Young Ob, K. (2001). Managing Family Businesses in Small Communities. Journal of Small Business Management, 39(1), pp.73-87.

Romelaer, P. and Beddi, H., 2015. Strategy and Structure in International Multi-business Groups: Looking beyond Global Integration—Local Responsiveness. International Studies of Management & Organization, 45(4), pp.359-378.

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