The father’s role in supporting the son’s business knowledge development process in Vietnamese family businesses

Pham, Thanh Trung; Bell, Robin; Newton, David

doi:10.1108/jeee-01-2018-0006

Cited by 22 publications

(24 citation statements)

References 67 publications

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“…The development of small and medium enterprises in Vietnam during 1990 (Vuong & Tran, 2009) or the booming of large-scales start-ups programs (Vuong, 2016) could illustrate these characteristics. In these periods, many start-ups operate according to the family business model at small or medium scale (Pham, Bell, & Newton, 2018). The traditional taxi business is also a type of entrepreneurship with a kind of "linear business development": the drivers usually start off working for a taxi company, then gradually move toward using their cars to make more profit.…”

Section: Traditional Vs Computational Entrepreneurshipmentioning

confidence: 99%

Computational entrepreneurship: from economic complexities to interdisciplinary research

Vuong

2019

Problems and Perspectives in Management

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The development of technology is unbelievably rapid. From limited local networks to high speed Internet, from crude computing machines to powerful semi-conductors, the world had changed drastically compared to just a few decades ago. In the constantly renewing process of adapting to such an unnaturally high-entropy setting, innovations as well as entirely new concepts, were often born. In the business world, one such phenomenon was the creation of a new type of entrepreneurship. This paper proposes a new academic discipline of computational entrepreneurship, which centers on: (i) an exponentially growing (and less expensive) computing power, to the extent that almost everybody in a modern society can own and use that; (ii) omnipresent high-speed Internet connectivity, wired or wireless, representing our modern day’s economic connectomics; (iii) growing concern of exploiting “serendipity” for a strategic commercial advantage; and (iv) growing capabilities of lay people in performing calculations for their informed decisions in taking fast-moving entrepreneurial opportunities. Computational entrepreneurship has slowly become a new mode of operation for business ventures and will likely bring the academic discipline of entrepreneurship back to mainstream economics.

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Section: Traditional Vs Computational Entrepreneurshipmentioning

confidence: 99%

Computational entrepreneurship: from economic complexities to interdisciplinary research

Vuong

2019

Problems and Perspectives in Management

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“…Success in managing a business is inseparable from the love of someone for the business they are engaged in. A good succession plan can improve cooperation with stakeholders, enhancing the chance of a smooth and effective succession in family firms (Pham et al, 2019).…”

Section: Discussionmentioning

confidence: 99%

Succession Process in the Family Business: A Case Study of Pekalonganese Batik Cloth Enterprises, Indonesia

Kusumantoro

Suman

Widjaja

et al. 2020

HSSR

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Purpose: The main purpose of this study is to explain the role of parents in teaching business management to their children from an early age for the success of family business succession. Methodology: It was a qualitative study and data were collected by observation, in-depth interviews, and documentation. The focus of this study was the succession process of the PekalonganBatik business analyzed from the entrepreneurial learning perspective. Interview questions focused on entrepreneurial learning and how parents teaching business management. Interviews conducted into 6 Informants. Each interview took between 35 – 45 minutes. Main Finding: The results of this study showed that parents usually introduced business management to their children from an early age. They made their children involved in the business to know about the planning, producing and marketing of Batik cloths. The indicators of giving entrepreneurial learning to children are involving them in business activities; they learned to manage the business by doing those activities at their parents’business. Implications/Applications: This study can be useful for another batik enterprises center to guidelines for succession. Novelty/Originality: This research was to explore the parents to involve their children from an early age to help manage businesses in preparation for business succession.

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“…Successors improve business competences through the process of preparation, which often include four stages; firstly, business knowledge gained in childhood (Pham et al, 2018a(Pham et al, , 2018bKusuma & Indarti, 2017;Varamäki et al, 2003), secondly, through formal education (Sardeshmukh & Corbett, 2011); thirdly, work experience gained outside the family business (Lambrecht, 2005;Sardeshmukh & Corbett, 2011); and fourthly, continued development of their knowledge and skills after joining the family business as a full-time employee.…”

Section: Literature Reviewmentioning

confidence: 99%

Succession as a sustainability factor of family business in Slovakia

Lušňáková

Juríčková

Šajbidorová

et al. 2019

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Research background: The success of family businesses abroad is not measured by profit, but is judged by the number of generations that have successfully mastered the succession process. This is why family businesses in Slovakia should also focus on long-term existence. Succession in a family business must be prepared with sufficient time in advance, as this is one of the most risky moments of its future. Purpose of the article: Successful management of the succession process in family businesses requires several years of preparation in different areas. The aim of this paper is to assess the readiness of Slovak family companies to owner generational change in application of selected factors in ensuring the smooth transmission of family businesses to the younger generation. Methods: The method of research was a questionnaire based on a 5-degree Likert scale, where the respondents expressed the degree of their agreement or disagreement with the particular statement. The questionnaire was filled by sample of 412 respondents — 206 family business owners and their 206 successors (son/ daughter). The statistical relations and correlations between variables were performed by Cronbach alpha, Spearman test, Kruskal-Walis test using EXCEL and SAS Enterprise Guide 7.1. programs. Findings & Value added: Slovak family companies have already passed or they are in the process of preparing or implementing the first generational change. We cannot be compared yet with family companies in Germany, USA or the Nether-lands because these firms are in the process of the fourth generation change in the ownership. The added value of this paper is the identification of deficiencies and reserves that prolong or expel the process of successful company transfer to a young generation. It is related to human capital — the professional competence of the successor and the willingness of the founder to leave, the absence of important business documents, or the effort to cope with the process itself.

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The father’s role in supporting the son’s business knowledge development process in Vietnamese family businesses

Cited by 22 publications

References 67 publications

Computational entrepreneurship: from economic complexities to interdisciplinary research

Computational entrepreneurship: from economic complexities to interdisciplinary research

Succession Process in the Family Business: A Case Study of Pekalonganese Batik Cloth Enterprises, Indonesia

Succession as a sustainability factor of family business in Slovakia

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