Social Networking and the Family Business Performance: A Conceptual Consideration

Abstract

Researchers and practi ti oners are divided on the preferred measures of business performance, largely due to the quality of available fi nancial data and the measurability of the non-fi nancial indicators. However, owing to the embeddedness of social networking in families and in the business world, this study reviews the contributi on of social networking to the fi nancial and non-fi nancial performance of family businesses. The study is based on a review of 55 peer-reviewed published journal arti cles. Consequently, the most frequently used social networking platf orms, the measures of fi nancial performance, the measures and proxies of non-fi nancial performance and the diff erences between fi nancial and non-fi nancial performance were identi fi ed. The study proposes the use of both fi nancial and nonfi nancial measures in assessing the performance of family businesses due to their complementary roles.

Unravelling the asymmetric effects of procurement practices on firm performance: A complexity theory approach to complementing fsQCA with NCA

“…According to Ref. [ 67 ], assessing the performance of a business organisation with both financial and non-financial criteria gives firms snapshots of the true performance that a business organisation is achieving. Reference [ 68 ] also affirmed that irrespective of the exact need for a firm performance index, the act of relying on a particular metric of firm performance, such as financial or non-financial, limits the chances of the business to observe the true performance of their organisation.…”

Women Entrepreneurship in Uganda: A Feminist Analysis on the Impact of Women Entrepreneurs’ Social Networks on Business Sustainability

“…Family: Husbands as social networks. Family networks can be described as kinship connections related by blood, marriage or origins (Agbim, 2019) that female entrepreneurs possess that play a key role in the sustenance of women enterprises not only through being the reason for the enterprise in the first place (Welsh, 2016) but also through providing information and capital as well as moral and emotional support. These kinship ties may include parents, siblings, children, spouses, clan members or relatives as well as in-laws.…”

Organizational Network Analysis

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