The influence of family dynamics on business performance: does effective leadership matter?

IF 3.6 Q2 MANAGEMENT Journal of Family Business Management Pub Date : 2023-10-03 DOI:10.1108/jfbm-04-2023-0058
Reshmini Maharajh, Shepherd Dhliwayo, Abdella Kosa Chebo
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Abstract

Purpose Family businesses have a dual objective of profit making and providing opportunities for family members. This duality leads to a conflict that may bring poor team work and communication, which is difficult to reconcile. Thus, the study looked into how the performance of family enterprises is affected by family dynamics. Additionally, it examines the relationship's ability to be mediated by effective leadership. Design/methodology/approach The study adopted a quantitative, explanatory research approach. The study population was family-owned enterprises in KwaZulu-Natal's South Durban Basin, of which 236 were chosen using a snowball and convenience sampling technique. Data was analysed using various descriptive and inferential statistical techniques, namely, multiple regression and the standard deviation. Findings The finding of the study shows that family dynamics significantly influenced business performance both directly and indirectly through effective leadership. Besides, the family firms with larger employee sizes have better effective leadership that positively contributes to the business performance. Research limitations/implications The study recommends that family businesses should train their members to ensure leadership effectiveness. Originality/value This study is unique in that it was conducted in Black Townships and focusses mainly on businesses owned by families of Indian descent that need to prepare for leadership/ownership. It also contributes to academic literature on family dynamics and will encourage families to recognise the importance of strong leadership in controlling family dynamics to improve business success.
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家庭动态对企业绩效的影响:有效的领导是否重要?
家族企业具有双重目标,即创造利润和为家族成员提供机会。这种二元性会导致冲突,可能会带来糟糕的团队合作和沟通,这是难以调和的。因此,本研究探讨家族企业绩效如何受到家族动态的影响。此外,它还考察了有效领导对这种关系的调节能力。这项研究采用了定量的、解释性的研究方法。研究对象为夸祖鲁-纳塔尔省南德班盆地的家族企业,采用滚雪球和便利抽样技术选择了236家企业。数据分析使用各种描述性和推理统计技术,即多元回归和标准差。研究结果表明,家庭动态通过有效领导对企业绩效有直接和间接的显著影响。此外,员工规模越大的家族企业,其有效领导能力越强,对企业绩效有积极的促进作用。研究的局限性/启示本研究建议家族企业应该对其成员进行培训,以确保领导的有效性。独创性/价值这项研究的独特之处在于,它是在黑人城镇进行的,主要关注印度裔家庭拥有的企业,这些企业需要为领导/所有权做准备。它还有助于家庭动态的学术文献,并将鼓励家庭认识到强有力的领导在控制家庭动态以提高企业成功方面的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.50
自引率
33.30%
发文量
51
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