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Entrepreneurial orientation in family firms – management and intercultural development

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  • Czemiel-Grzybowska Wioletta

    (Bialystok University of Technology)

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.

Suggested Citation

  • Czemiel-Grzybowska Wioletta, 2014. "Entrepreneurial orientation in family firms – management and intercultural development," Journal of Intercultural Management, Sciendo, vol. 6(4-1), pages 181-190, December.
    • Handle: RePEc:vrs:joinma:v:6:y:2014:i:4-1:p:181-190:n:13
    DOI: 10.2478/joim-2014-0044
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    References listed on IDEAS

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    1. Frank, Hermann & Lueger, Manfred & Nosé, Lavinia & Suchy, Daniela, 2010. "The concept of "Familiness": Literature review and systems theory-based reflections," Journal of Family Business Strategy, Elsevier, vol. 1(3), pages 119-130, September.
    2. Wioletta Czemiel-Grzybowska, 2013. "Barriers to financing small and medium business enterprises in Poland," Business and Economic Horizons (BEH), Prague Development Center, vol. 9(4), pages 44-52, December.
    3. Chrisman, James J. & Chua, Jess H. & Steier, Lloyd P., 2003. "An introduction to theories of family business," Journal of Business Venturing, Elsevier, vol. 18(4), pages 441-448, July.
    4. Habbershon, Timothy G. & Williams, Mary & MacMillan, Ian C., 2003. "A unified systems perspective of family firm performance," Journal of Business Venturing, Elsevier, vol. 18(4), pages 451-465, July.
    5. Chrisman, James J. & Chua, Jess H. & Litz, Reginald, 2003. "A unified systems perspective of family firm performance: an extension and integration," Journal of Business Venturing, Elsevier, vol. 18(4), pages 467-472, July.
    Full references (including those not matched with items on IDEAS)

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