Essay - Family Influence on Management Behaviour and Business Performance in Family...

Family influence on management behaviour and business performance in family business

Research questions

So far, there have been many theories and researches related to *****'s impact on business, such as family leadership's influence various types of firm, how does family's control affect the performance ***** the *****, ***** distinction of family business compared with non-family firms, etc.

Although the ***** importance to ***** h***** been emp*****asised by not only scholars but also businessmen, no commonly accepted theory or model can be used to comprehensively explain the influence of family on ***** management and perf*****mance ***** the business.

*****, using family business as research subject, ***** aim of the project is attempting to answer the following questi*****:

What's ***** influence of ***** on management behaviour and business performance in family business?

Research objectives

B*****e ***** the question above, the objectives of the project include:

To use previous theories and empirical data ***** family business and management *****s ***** explain family's impact on both management behaviours ***** business performance in family business.

To analyse the extent to which family's impact will cause conflicts (when the family system and family system overlap) in family *****.

To analyse ***** conflicts are positive and which are negative; for the negative conflicts, to look at and compare different resolutions to avoid or mitigate *****.

3. Research background ***** Literatures

To achieve ***** research objectives, we should reference to a wide range of the*****ies related to family bus*****ess, management behaviours and business performance.

In order to ***** family's ***** on both management behaviours ***** business ***** in family business, we reference theories including: the definition ***** family business, the importance on ***** business, ***** dimension and business dimension in family bus*****ess, managerial behaviour and performance of family business.

***** order to analyse conflicts and different strategies ***** solve the conflicts, we reference theories *****: the nature of conflict, strategic planning and succession planning.

3.1 The ***** ***** family business

Before examining the importance of a f*****mily *****, a family business has to be defined. According to ***** literatures, there is no universally ***** definition existing.

Put simply, a ***** business means such a business in ***** the m*****jority of the ownership or top authorities are in the control of a family, ***** in which at least two ***** members ***** directly *****volved (Bowman-Upton, 1987).

***** fact, it is also a complicated and multi-level ***** supported by the combination of family and business; every family member involved in ***** family business is virtually part ***** the business system ***** ***** of the ***** *****.

***** to Bowman-Upton (1987), ***** essence of a f*****mily firm includes:

*****) Intention to maintain and strengthen the family control of ***** *****p authorities of the organ*****ation;

*****) Intention to form a unique and inseparable involvement in ***** business;

*****) Intention ***** control dominant coalition by passing the ***** ***** ***** to ***** next generation.

In consequence, the business system and family system overlap; ***** place where these ***** disparate systems overlap is just