Family business owners plan over the long term: framework of research and preliminary results covering the Czech Republic.
Loading...
Files
Date
2019-12-20
Authors
Srbová, Pavla
ORCID
0000-0003-4076-9829Advisor
Referee
Mark
Journal Title
Journal ISSN
Volume Title
Publisher
Tomas Bata University in Zlín, Faculty of Management and Economics
Altmetrics
Abstract
A family business is characterized by a combination of ownership, management, and family, in other words, linking the business and family life. Family businesses are the predominant form of business all over the world and have a significant impact on economic growth, employment or social development. The literary research shows that what distinquishes the family business from non-family one are unique characteristics such as long-term planning. The validity of these specifics will be verified by using research questions. The article deals with a family business with a focus on its specifics: long-term planning and generation exchange and presents the preliminary results of 20 family businesses from the Czech Republic. The respondents of the research are the owners of private Czech family businesses. The data presented in this paper are analyzed by using descriptive statistics, namely frequency and percentage and are collected from the beginning of August until the end of September 2019. Based on preliminary research it was found that 85% of the surveyed companies make plans (of which 50 % form strategic plans and 15 % form plan for 3 years). 85% of analyzed companies plan to hand over the business to the next generation.
A family business is characterized by a combination of ownership, management, and family, in other words, linking the business and family life. Family businesses are the predominant form of business all over the world and have a significant impact on economic growth, employment or social development. The literary research shows that what distinquishes the family business from non-family one are unique characteristics such as long-term planning. The validity of these specifics will be verified by using research questions. The article deals with a family business with a focus on its specifics: long-term planning and generation exchange and presents the preliminary results of 20 family businesses from the Czech Republic. The respondents of the research are the owners of private Czech family businesses. The data presented in this paper are analyzed by using descriptive statistics, namely frequency and percentage and are collected from the beginning of August until the end of September 2019. Based on preliminary research it was found that 85% of the surveyed companies make plans (of which 50 % form strategic plans and 15 % form plan for 3 years). 85% of analyzed companies plan to hand over the business to the next generation.
A family business is characterized by a combination of ownership, management, and family, in other words, linking the business and family life. Family businesses are the predominant form of business all over the world and have a significant impact on economic growth, employment or social development. The literary research shows that what distinquishes the family business from non-family one are unique characteristics such as long-term planning. The validity of these specifics will be verified by using research questions. The article deals with a family business with a focus on its specifics: long-term planning and generation exchange and presents the preliminary results of 20 family businesses from the Czech Republic. The respondents of the research are the owners of private Czech family businesses. The data presented in this paper are analyzed by using descriptive statistics, namely frequency and percentage and are collected from the beginning of August until the end of September 2019. Based on preliminary research it was found that 85% of the surveyed companies make plans (of which 50 % form strategic plans and 15 % form plan for 3 years). 85% of analyzed companies plan to hand over the business to the next generation.
Description
Citation
CONFERENCE PROCEEDINGS, 15th Annual International Bata Conference for Ph.D. Students and Young Researchers. 2019, p. 950-957.
http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf
http://dokbat.utb.cz/wp-content/uploads/2020/01/DOKBAT_2019_Conference_Proceedings.pdf
Document type
Peer-reviewed
Document version
Published version
Date of access to the full text
Language of document
en
Study field
Comittee
Date of acceptance
Defence
Result of defence
Document licence
(C) Tomas Bata University in Zlín, Faculty of Management and Economics