What’s the topic in your heading: succession, conflict, performance, etc….?

Hello Class,

I know we had a good break from Gaga post while it was down, but its now time to pull up our socks and get blogging.

Before the short demise of gaga my team and I performed skits on the Karofsky and Habbershon papers. The links bellow are of the slides we used while presenting. These may help you recall the papers.

From the two readings we felt the idea of “Collective Cognitive” ie. Shared beliefs, was of importance thus this will serve as the theme of this blog.

Please help us in exploring the effects of shared beliefs in the family, is there a difference in the actual and perceived level of unity, how do these all affect the business?

Your responses are welcomed.

Regards,

YELLOW  TEAM.

Script

http://www.slideshare.net/guest1b40983/giving-back-and-gubernatorial-aspirations-p-karofsky

http://www.slideshare.net/guest1b40983/how-family-meetings-lead-to-collective-action-habbershon

: Gold team skit and sildelink

Kreiser: Family firms and strategy

1. Strategic planning in family business differs from other businesses
2. Culture factor plays important role in forming strategy for growth
3. Family firm defines as controlled by family or group of families and is intended to maintain control for a period of time
4. FF are oriented on LT development comparing to others
5. Usually medium or small, profit reinvestment, avoidance of stock markets, use of bank loans
6. Entrepreneurial concepts: risk, innovation, proactiveness
7. Successful organizations that survived had financial conservatism; sensitivity to the world around them; awareness of their identity; tolerance of new ideas – living companies.
8. Three stages for identified Co: inception and early strategic growth; primary growth; mature strategic growth
9. Results of research: early period – financial conservative; expansion of new regions – they were willing to adapt changes in their external environment, but during early stage they were not entrepreneurial, cause did not want to adapt risks, innovation, proactiveness in decision making. Also they were inward oriented and tight managed. But as they mature they become more and more entrepreneurial.
10. Results: strategies were focused mainly on financial security to avoid debts and also therefore maintain control by the family. But business environment force them thereafter to make more entrepreneurial decisions over time: riskier investments, transition from family mngt to external mngt.
11. Even though companies are from different cultures their strategies over time are similar.
12. Not all family firms are entrepreneurial.

Rothausen: Family in organizational research

1. Family influence on performance (job satisfaction, mood, attitudes to the job, etc.)
2. Family definitions. Mainly household. Combinations of householders (in the past man) and kins. Family – spouse, children, parents (1993). Further development of the definitions=> notion of kin remains, while the notion of family expands beyond marriage. Wider families – when included others, like servants.
3. Definition of family changes in time as social conditions are changing.
4. In other countries apart from US, family indicates more than just parents and children but also long network of kins (uncles, cousins, etc).

Summary. Household is not equivalent to the family. No clear definitions exist. Author propose functional definition: family include all who meet needs or functionally thought to met needs of the family.

Family in organizations. Results of research.

1. # of Children could be measure of family responsibility:
2. care of disabled and elder parents can be an issue for working-age adults into the next century.
3. If family members have more dependents they involved more with family.
4. Self-rated responsibility explains family involvement
5. Woman take more responsibilities on childcare and housework than man. Therefore, for women the connection dependants-family involvement is stronger.
6. Many family variables are related to the age, income, tenure.
7. Can be used when deciding on reallocating, social benefits, etc.

http://www.slideshare.net/eshanka/skitfamily-firms-and-strategy

The above is from GOLD team!