An Approach for Analyzing the Vulnerability of Small Family Businesses

Cowan, Lisa; Wright, Vic

doi:10.3390/systems4010003

Cited by 12 publications

(4 citation statements)

References 58 publications

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“…Such a further in-depth investigation of the roots of competitive advantages in small family firms could add additional pragmatic implications for these businesses and thereby contribute to the strategy literature for small family firms (e.g. Douglas et al , 2010; Cowan and Wright, 2016).…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

Work group support as an undervalued resource of small family businesses

Royer

Bradley

2019

JFBM

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Purpose The purpose of this paper is to propose advances for developing our understandings of valuable resources in small family firms. The focus is on group support behavior within firms. It is proposed that this behavior is unique and valuable within small family firms. Propositions are presented that are built upon previous work in psychology and family business research and is linked to the concept of familiness. Design/methodology/approach Two small family businesses are the two cases used to investigate the propositions. Semi-structured interviews were conducted with the owner/manager and several other staff within each firm. Findings The paper presents evidence for the propositions, showing that work group support is unique in family firms as it is based on factors beyond the workplace. These relationships have the potential to be strong, contributing positively to the firm’s competitive advantage. Research limitations/implications Two in-depth case studies of firms are included in this investigation. They are in a similar industry and location. As the findings are similar it lends weight to the evidence for the propositions; however, care should be taken with generalizing to other firms in other industries. Originality/value This research pulls together previous evidence and understandings and applies them to a specific aspect of small family firms that has not previously been examined in depth. The increased understanding can help family firms leverage their unique competitive advantage.

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Section: Discussion Of the Findingsmentioning

confidence: 99%

Work group support as an undervalued resource of small family businesses

Royer

Bradley

2019

JFBM

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“…Furthermore, the literature on FFs shows that FFs are usually far from being a homogenous group, even in their approach to sustainability (Cowan & Wright, ; Déniz & Suárez, ). Indeed, different approaches of FFs to corporate sustainability have been observed: Some authors argue that CSR orientation, behavior, and practices can depend on the type of FF (Déniz & Suárez, ), the values of family owners (Niehm et al, ), family involvement (Uhlaner & Meijaard, ), or the maturity of the firm (Ding et al, ), among various other aspects.…”

Section: Discussion Conclusion and Future Research Agendamentioning

confidence: 99%

Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Broccardo

Truant

Zicari

2018

Corp Soc Responsibility Env

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Despite the many studies on corporate sustainability, few have analyzed the specific case of the family business. Family firms have certain characteristics that make them different from nonfamily firms, making it valuable to analyze whether these peculiarities are also reflected in their attitude toward sustainability. Specifically, the determinants of the sustainability concept in family firms are unclear. Given the importance of family businesses in most economies, this paper will contribute to filling this gap, depicting through a literature review the main determinants that can affect the sustainability approach of the family firm. The systematic review was carried out through a documented process to guarantee its replicability. The findings show that drivers do not have a homogenous impact on sustainability initiatives due to the distinctiveness of these types of firms. This review contributes by systematizing the existing literature on such topics, identifying future research avenues, and providing several stimuli for researchers. KEYWORDScorporate sustainability, family firms, internal determinants, internal drivers, literature review, research agenda, stakeholder engagement

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“…This high risk is presumably caused by the high vulnerability of the business . Analysis of business vulnerabilities is one of the leading pillars for formulating a business strategy (Cowan & Wright 2016). The vulnerability of business to the COVID-19 pandemic is an issue of study to investigate (Isa, Sugiyanto & Susilowati 2018), which is driven by increased business vulnerability to internal and external factors (Eltantawy 2016).…”

Section: Introductionmentioning

confidence: 99%

Factors in the disaster mitigation process for micro and small culinary enterprises in Indonesia

Isa

2023

Jàmbá Journal of Disaster Risk Studies

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Coronavirus disease 2019 (COVID-19) has predisposed most business activities, including the culinary business. The higher the vulnerability rating of a business, the more significant the risk. This study aims to analyse the vulnerability of businesses based on the dimensions of exposure, sensitivity and adaptive capacity to determine priority factors in disaster risk mitigation in order to maintain business continuity. This research was conducted in Surakarta City, Central Java province, Indonesia. The sample was selected using purposive random sampling based on business experience of at least two years, and were not hawkers. Data collection was carried out through structured interviews. This study utilised a qualitative approach using an index. The vulnerability model was developed to assess the vulnerability of culinary businesses to COVID-19. COVID-19 is a threat in the health industry from the macro external environment of business. It is considered the exposure dimension. The sensitivity dimension consists of business characteristics, business owner-manager demographics, and product and supplier characteristics. The demographic dimension of the business owner-manager has high vulnerability and has a high contribution to the sensitivity variable as the most vulnerable variable. The adaptive capacity dimension consists of human capital, economic capital, institutional capital, managerial capital, and supply chain capital. Managerial competencies are an adaptive capacity dimension that has a high vulnerability. The vulnerability of business to the threat of the COVID-19 pandemic is a model for culinary business managers and owners in determining priority factors in disaster risk mitigation in order to maintain business continuity.Contribution: This study analysed the vulnerability of culinary businesses for micro and small businesses. Low vulnerability means high resilience. Business resilience is conceptualised as a production function that is predisposed by various combinations of inputs from exposure, sensitivity, and adaptive capacity variables.

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An Approach for Analyzing the Vulnerability of Small Family Businesses

Cited by 12 publications

References 58 publications

Work group support as an undervalued resource of small family businesses

Work group support as an undervalued resource of small family businesses

Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Factors in the disaster mitigation process for micro and small culinary enterprises in Indonesia

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