African family dynamics and family business – a perspective article

IF 3.6 Q2 MANAGEMENT Journal of Family Business Management Pub Date : 2023-11-24 DOI:10.1108/jfbm-10-2023-0221
Doreen Nyarko Anyamesem Odame, Robert E. Hinson
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Abstract

Purpose

Despite the potential benefits of family businesses, their dynamics present peculiar challenges that hinder the realisation of their full potential. This paper sought to assess the relationship between family dynamics and business development in Africa. The authors explored the dynamics of African family structures and how these structures impact family businesses.

Design/methodology/approach

The paper adopted an analytical and interpretative approach to existing literature and contemporary practices in family business operations. The approach helped to synthesise emerging trends in family business operations and offered novel insights into family-owned businesses.

Findings

The findings revealed that, though family businesses have a lot to contribute to development, family dynamics can threaten their sustainability if not well moderated. Based on the findings, the authors recommend trust and transparency as critical pillars for sustained family-owned business growth. They recommend further that communication channels, documented policies and procedures and well-established feedback channels are strategies that can guide stakeholders in family businesses to build trust and transparency in the business.

Originality/value

The paper throws light on the unique contributions of family businesses to communities and individuals and the Sustainable Development Goals (SDG). It is also an eye-opener to this relatively grey area and opens deeper discussions about sustaining family businesses.

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非洲家庭动态与家族企业——一篇透视文章
目的尽管家族企业有潜在的好处,但它们的动态也带来了特殊的挑战,阻碍了充分发挥其潜力。本文试图评估非洲家庭动态与商业发展之间的关系。作者探讨了非洲家庭结构的动态,以及这些结构如何影响家族企业。设计/方法/方法本文采用了对现有文献和当代家族企业经营实践的分析和解释方法。这种方法有助于综合家族企业经营的新趋势,并为家族企业提供了新的见解。调查结果调查结果显示,尽管家族企业对发展有很大贡献,但如果不适当调节,家族动态可能会威胁到家族企业的可持续性。基于这些发现,作者建议,信任和透明度是家族企业持续增长的关键支柱。他们进一步建议,沟通渠道、文件化的政策和程序以及完善的反馈渠道是可以指导家族企业利益相关者在企业中建立信任和透明度的策略。该文件阐明了家族企业对社区和个人以及可持续发展目标(SDG)的独特贡献。它也让人对这个相对灰暗的领域大开眼界,并开启了有关维持家族企业的更深入讨论。
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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