Pub Date : 2019-09-17DOI: 10.15226/2577-7815/3/3/00136
Siniša Franjić
An important part of any economy is family-owned enterprises, especially in developed countries, which have a long tradition of entrepreneurship and private ownership. A family business is a combination of two different terms - family and business. On the one hand, a family is a group of people in which a person is born, grows up, who also cares for and protects him until the moment he creates his own family, in which the same cycle repeats itself over and over again. The enterprise, on the other hand, is also a group of people, but it is bound by the interest of pursuing a profit-making activity that ensures the employees’ daily existence, and the owners of these companies achieve their ultimate goal, which is to maximize personal wealth. The aim of this paper is focusing the attention of future entrepreneurs on some of the most important components of any successful family business. Key words: Family; Business; Leadership; Entrepreneurship; Economy
{"title":"Family and Business are Important Parts in Every Family Enterprise","authors":"Siniša Franjić","doi":"10.15226/2577-7815/3/3/00136","DOIUrl":"https://doi.org/10.15226/2577-7815/3/3/00136","url":null,"abstract":"An important part of any economy is family-owned enterprises, especially in developed countries, which have a long tradition of entrepreneurship and private ownership. A family business is a combination of two different terms - family and business. On the one hand, a family is a group of people in which a person is born, grows up, who also cares for and protects him until the moment he creates his own family, in which the same cycle repeats itself over and over again. The enterprise, on the other hand, is also a group of people, but it is bound by the interest of pursuing a profit-making activity that ensures the employees’ daily existence, and the owners of these companies achieve their ultimate goal, which is to maximize personal wealth. The aim of this paper is focusing the attention of future entrepreneurs on some of the most important components of any successful family business. Key words: Family; Business; Leadership; Entrepreneurship; Economy","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116917027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-09DOI: 10.15226/2577-7815/3/3/00135
Shahir Bhatt, Amola Bhatt
The case describes the issues experienced in a family business, particularly in the first two phases of its life-cycle, viz. the introduction and the growth stage. The main protagonist, Parthiv is the second generation entrepreneur and he has taken up the task of sustaining and growing his family business in the wake of cut-throat competition. The case presents an opportunity to discuss the issues commonly faced in a family business setting such as lack of funds for discretionary use, tight control by family members and traditional practices. The case also looks at how growing businesses need to expand their portfolio by adding related products and services. The dilemma is whether a twenty year old home-grown brand should be diluted in light of a franchisee offer received from a bigger and better established market player. Keywords: Family business; growth stage; financial services;
{"title":"Managing a growing Family Business: A Case of Tracom Stock Brokers Pvt. Ltd.","authors":"Shahir Bhatt, Amola Bhatt","doi":"10.15226/2577-7815/3/3/00135","DOIUrl":"https://doi.org/10.15226/2577-7815/3/3/00135","url":null,"abstract":"The case describes the issues experienced in a family business, particularly in the first two phases of its life-cycle, viz. the introduction and the growth stage. The main protagonist, Parthiv is the second generation entrepreneur and he has taken up the task of sustaining and growing his family business in the wake of cut-throat competition. The case presents an opportunity to discuss the issues commonly faced in a family business setting such as lack of funds for discretionary use, tight control by family members and traditional practices. The case also looks at how growing businesses need to expand their portfolio by adding related products and services. The dilemma is whether a twenty year old home-grown brand should be diluted in light of a franchisee offer received from a bigger and better established market player. Keywords: Family business; growth stage; financial services;","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114870600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-30DOI: 10.15226/2577-7815/3/3/00134
Lisa Barnes
This research is a case study based on the "lived experience” of two not-for-profit organisations wanting to create synergies and efficiencies in back office operations and to increase the offerings of services to existing clients by joining together as one business unit. This research has followed the different stages of the proposed merger or acquisition from the initial signing of the Memorandum of Agreement (MOA), to the strategic planning for the new entity including the potential organisational structure, board structure and executive team recruitment. The negotiations have varied from the rejection of a takeover, to the proposal of a merger, to the eventual decision for the larger organisation to “acquire” the smaller organisation. These decisions were deliberated at great length by both organisations, but the clear driver in all negotiations was TRUST. Trust that at all times the outcomes should benefit clients, trust that the new Board would be represented in equal parts by both of the organisations and trust that the new senior executive team of the single entity would utilise the efficiencies gained to sustain the organisation. But this trust also became an inhibitor at times, where trust was used as an excuse to not carry out all due diligence governance processes (DDGP). This lived experience has shown that Trust is indeed an important factor in any proposed merger or acquisition but will never replace DDGP. In fact DDGP enhanced trust, and enabled for more transparent decisions to be reached by both parties at the negotiation table. The not-forprofit sector can learn a great deal from this case study that shows the benefits of societal needs of their clients in aged care, disability and transport by a merger or acquisition. It should be used by other not-for-profit organisations to put into practice strategic merger and acquisition processes to create an organisation that is run efficiently and for the benefit of their clients, with a combination of trust and DDGP. Keywords: Strategic Merger; Acquisition; Trust; Due Diligence; governance; lived experience;
{"title":"How TRUST is both the driver and inhibitor in not-for-profit sector growth strategies: The \"Lived\" experience of Merger and Acquisition","authors":"Lisa Barnes","doi":"10.15226/2577-7815/3/3/00134","DOIUrl":"https://doi.org/10.15226/2577-7815/3/3/00134","url":null,"abstract":"This research is a case study based on the \"lived experience” of two not-for-profit organisations wanting to create synergies and efficiencies in back office operations and to increase the offerings of services to existing clients by joining together as one business unit. This research has followed the different stages of the proposed merger or acquisition from the initial signing of the Memorandum of Agreement (MOA), to the strategic planning for the new entity including the potential organisational structure, board structure and executive team recruitment. The negotiations have varied from the rejection of a takeover, to the proposal of a merger, to the eventual decision for the larger organisation to “acquire” the smaller organisation. These decisions were deliberated at great length by both organisations, but the clear driver in all negotiations was TRUST. Trust that at all times the outcomes should benefit clients, trust that the new Board would be represented in equal parts by both of the organisations and trust that the new senior executive team of the single entity would utilise the efficiencies gained to sustain the organisation. But this trust also became an inhibitor at times, where trust was used as an excuse to not carry out all due diligence governance processes (DDGP). This lived experience has shown that Trust is indeed an important factor in any proposed merger or acquisition but will never replace DDGP. In fact DDGP enhanced trust, and enabled for more transparent decisions to be reached by both parties at the negotiation table. The not-forprofit sector can learn a great deal from this case study that shows the benefits of societal needs of their clients in aged care, disability and transport by a merger or acquisition. It should be used by other not-for-profit organisations to put into practice strategic merger and acquisition processes to create an organisation that is run efficiently and for the benefit of their clients, with a combination of trust and DDGP. Keywords: Strategic Merger; Acquisition; Trust; Due Diligence; governance; lived experience;","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"156 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122947044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-07-12DOI: 10.15226/2577-7815/3/3/00133
K. Okafor
Prior to the independence of Nigeria in 1960, commercial lending in Nigeria was basically non-existent as the economy was mostly subsistent agriculture. However, the growth of trade between the United Kingdom and the West African sub-region inevitably led to the establishment of the African Banking Corporation in 1891 by Elder Dempster Company, a shipping conglomerate in Lagos, Nigeria. Progressively, many corporations in manufacturing, telecommunications, banking, oil and gas, retail and other businesses merged and started utilising facilities of banks for expansionary purposes or for other operational purposes. However, due to frequent policy somersaults, poor management, predatory lending practices, general economic meltdown and macro-economic headwinds, companies started defaulting on the facilities and the creditors have had to realise their securities. Some of the statutory provisions and cases on the process and laws on recovery of debts have been subjected to conflicting interpretations partly because of the multitude of institutions and laws on the subject. Nevertheless, there is the underlining objective of maintaining the principle of separate legal entity of companies and also ensuring that creditor’s assets are recovered. This paper essentially considers the laws and cases and the emerging framework of realisation of secured and unsecured credits. In this paper, there is focus on bank lending and the institutional regulations which have developed as a result of growing Non-Performing Loans (NPLs) and bank failures
{"title":"Current Perspectives in the Recovery of Bank Loans in Nigeria","authors":"K. Okafor","doi":"10.15226/2577-7815/3/3/00133","DOIUrl":"https://doi.org/10.15226/2577-7815/3/3/00133","url":null,"abstract":"Prior to the independence of Nigeria in 1960, commercial lending in Nigeria was basically non-existent as the economy was mostly subsistent agriculture. However, the growth of trade between the United Kingdom and the West African sub-region inevitably led to the establishment of the African Banking Corporation in 1891 by Elder Dempster Company, a shipping conglomerate in Lagos, Nigeria. Progressively, many corporations in manufacturing, telecommunications, banking, oil and gas, retail and other businesses merged and started utilising facilities of banks for expansionary purposes or for other operational purposes. However, due to frequent policy somersaults, poor management, predatory lending practices, general economic meltdown and macro-economic headwinds, companies started defaulting on the facilities and the creditors have had to realise their securities. Some of the statutory provisions and cases on the process and laws on recovery of debts have been subjected to conflicting interpretations partly because of the multitude of institutions and laws on the subject. Nevertheless, there is the underlining objective of maintaining the principle of separate legal entity of companies and also ensuring that creditor’s assets are recovered. This paper essentially considers the laws and cases and the emerging framework of realisation of secured and unsecured credits. In this paper, there is focus on bank lending and the institutional regulations which have developed as a result of growing Non-Performing Loans (NPLs) and bank failures","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121514538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-07-06DOI: 10.15226/2577-7815/3/3/00132
K. Ugwu, H. Osisioma, N. NzewiH.
This study explored the relationship between Intellectual Capital Management and Career Development of Female Managers in Private sector Anambra State, Nigeria. Correlation survey design was used to test the relationship between the independent and dependent variables. The total population of study comprised of 120 female staff of the selected private sector (First Bank, United Bank for Africa, Access Bank and Fidelity Bank). The target population of the study comprised of lower and middle level female managers of the selected organizations. The hypotheses were tested and analyzed using Pearson Product Moment Correlation. The results showed that, there exists a significant negative relationship between Intellectual Capital variable (employee knowledge) and Career Development (gender stereotyping) of female managers. It is therefore, recommended that organizations need to introduce diversity gender programme to educate employees about the dangers of work place discrimination and importance of accommodating people from different background (gender and race). We, advocate that human resources’ managers need to introduce family support programmes to help women with family responsibilities balance between work and family matters. Keywords: Intellectual Capital; Employee Knowledge; Statistical Discrimination; Gender Stereotyping; Career Development
{"title":"Intellectual Capital Management and Career Development of Women Managers in Private Sector Anambra State, Nigeria","authors":"K. Ugwu, H. Osisioma, N. NzewiH.","doi":"10.15226/2577-7815/3/3/00132","DOIUrl":"https://doi.org/10.15226/2577-7815/3/3/00132","url":null,"abstract":"This study explored the relationship between Intellectual Capital Management and Career Development of Female Managers in Private sector Anambra State, Nigeria. Correlation survey design was used to test the relationship between the independent and dependent variables. The total population of study comprised of 120 female staff of the selected private sector (First Bank, United Bank for Africa, Access Bank and Fidelity Bank). The target population of the study comprised of lower and middle level female managers of the selected organizations. The hypotheses were tested and analyzed using Pearson Product Moment Correlation. The results showed that, there exists a significant negative relationship between Intellectual Capital variable (employee knowledge) and Career Development (gender stereotyping) of female managers. It is therefore, recommended that organizations need to introduce diversity gender programme to educate employees about the dangers of work place discrimination and importance of accommodating people from different background (gender and race). We, advocate that human resources’ managers need to introduce family support programmes to help women with family responsibilities balance between work and family matters. Keywords: Intellectual Capital; Employee Knowledge; Statistical Discrimination; Gender Stereotyping; Career Development","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116645344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-20DOI: 10.15226/2577-7815/3/2/00131
K. Okafor
A universal benefit of incorporation is the separate entity doctrine which shields the shareholders, directors and other operators from liability for corporate omissions. By the doctrine, the company’s debts are limited to the amount shareholders have paid or have agreed to pay to the company for its shares, in case of insolvency. Consequently, their other assets, homes, pension funds, cars, yachts, private jets will remain untouched. In response to the doctrine, the law has devised various safety nets to protect creditors through company laws, insolvency laws, general anti-corruption enactments, public policy initiatives and judicial interventions. Inevitably, there has been a vast ocean of controversies as to when and why a court will pierce the veil of incorporation to hold the shareholders and directors liable beyond their unpaid equity obligations. The reasons for the controversies are myriad as values of the society change, and as new business risks emerge in retail businesses, telecommunications, oil and gas, real estate, banking, tax regimes and finance. This paper attempts to stream line the underlining principles adopted by common law, case law and statutes to pierce the veil of incorporation like where the company is a façade, a sham, an alter ego, a puppet for crime as well as issues of public policy, environmental responsibilities and national security. Statutory provisions on lifting the corporate veil have also been provided. Thus, a bold attempt has been made to provide a clear and general compass for all jurisdictions as to when courts will pierce the corporate veil to guide judges, legislatures, corporate managers, law students etc.
{"title":"An Anatomy of the Grounds of Lifting the Corporate Veil: Steps to Codification","authors":"K. Okafor","doi":"10.15226/2577-7815/3/2/00131","DOIUrl":"https://doi.org/10.15226/2577-7815/3/2/00131","url":null,"abstract":"A universal benefit of incorporation is the separate entity doctrine which shields the shareholders, directors and other operators from liability for corporate omissions. By the doctrine, the company’s debts are limited to the amount shareholders have paid or have agreed to pay to the company for its shares, in case of insolvency. Consequently, their other assets, homes, pension funds, cars, yachts, private jets will remain untouched. In response to the doctrine, the law has devised various safety nets to protect creditors through company laws, insolvency laws, general anti-corruption enactments, public policy initiatives and judicial interventions. Inevitably, there has been a vast ocean of controversies as to when and why a court will pierce the veil of incorporation to hold the shareholders and directors liable beyond their unpaid equity obligations. The reasons for the controversies are myriad as values of the society change, and as new business risks emerge in retail businesses, telecommunications, oil and gas, real estate, banking, tax regimes and finance. This paper attempts to stream line the underlining principles adopted by common law, case law and statutes to pierce the veil of incorporation like where the company is a façade, a sham, an alter ego, a puppet for crime as well as issues of public policy, environmental responsibilities and national security. Statutory provisions on lifting the corporate veil have also been provided. Thus, a bold attempt has been made to provide a clear and general compass for all jurisdictions as to when courts will pierce the corporate veil to guide judges, legislatures, corporate managers, law students etc.","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131226654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-18DOI: 10.15226/2577-7815/3/2/00130
Afrina Akter Mishu, N. Afroz, Shanjida Chowdhury, N. Zayed
Electronic banking or E-banking is one of the few advanced technologies that have been introduced in this age of information. E-banking is a kind of system that is able to drive development, supporting growth, promoting innovation and enhancing competitiveness. In Bangladesh, E- banking has been one of the game changing inclusions in the banking sector. Using primary data, this paper tried to reveal the current scenario of E-banking facilities provided by the private and government banks in Dhaka, the capital city of Bangladesh. It has also intended to find out the consumers’ satisfaction levels using these facilities. It is found from the analysis that ATM and Debit cards have an absolute domination over the other e-banking facilities in case of usage. On the other hand SMS and Mobile banking facilities have the least number of consumers in Dhaka city. Study also found that electronic banking users’ are getting increased in a significant manner. Despite of some problems regarding the usage of e-banking, majority of the consumers are satisfied with the facilities provided. Key word: E-banking; Online Banking; Consumers’ Satisfaction;
{"title":"Acceptance of E-banking by the Consumers of Dhaka City, Bangladesh","authors":"Afrina Akter Mishu, N. Afroz, Shanjida Chowdhury, N. Zayed","doi":"10.15226/2577-7815/3/2/00130","DOIUrl":"https://doi.org/10.15226/2577-7815/3/2/00130","url":null,"abstract":"Electronic banking or E-banking is one of the few advanced technologies that have been introduced in this age of information. E-banking is a kind of system that is able to drive development, supporting growth, promoting innovation and enhancing competitiveness. In Bangladesh, E- banking has been one of the game changing inclusions in the banking sector. Using primary data, this paper tried to reveal the current scenario of E-banking facilities provided by the private and government banks in Dhaka, the capital city of Bangladesh. It has also intended to find out the consumers’ satisfaction levels using these facilities. It is found from the analysis that ATM and Debit cards have an absolute domination over the other e-banking facilities in case of usage. On the other hand SMS and Mobile banking facilities have the least number of consumers in Dhaka city. Study also found that electronic banking users’ are getting increased in a significant manner. Despite of some problems regarding the usage of e-banking, majority of the consumers are satisfied with the facilities provided. Key word: E-banking; Online Banking; Consumers’ Satisfaction;","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"460 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124349123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-11DOI: 10.15226/2577-7815/3/2/00129
E. Ani, Emmanuel Joel, Mamman Andekujwo Baajon
One of the serious challenges to Nigeria today is Unemployment. There have been many studies to investigate variables which affect unemployment in macroeconomics. Considering exchange rate volatility in recent years which has affected most of major variables of Nigerian economy, this paper investigated the relationship between Exchange rate and Unemployment in Nigeria using annual data of Thirty-one Years (1986 to 2017). In order to achieve the objective of the paper, Autoregressive Model with distributed Lag was used to find out the relationship between Real Exchange rate and Unemployment in the country. The Variables used are Unemployment rate, Real Exchange rate, Real Gross Domestic Product (RGDP), Export Value index; and Import Value index. It was found that Real Exchange Rate has positive effect on unemployment during the period. With high exchange rate, unemployment rate increases. The paper advises for efforts to increase supply of foreign exchange earnings in the country so as to curtail excess demand for it. This will lead to producing more goods as industries that would be established for such production will absorb more workforces out of the unemployed. Key Words: Unemployment; Exchange rate; Auto- regression;
{"title":"Exchange Rate and Unemployment in Nigeria: An Analysis","authors":"E. Ani, Emmanuel Joel, Mamman Andekujwo Baajon","doi":"10.15226/2577-7815/3/2/00129","DOIUrl":"https://doi.org/10.15226/2577-7815/3/2/00129","url":null,"abstract":"One of the serious challenges to Nigeria today is Unemployment. There have been many studies to investigate variables which affect unemployment in macroeconomics. Considering exchange rate volatility in recent years which has affected most of major variables of Nigerian economy, this paper investigated the relationship between Exchange rate and Unemployment in Nigeria using annual data of Thirty-one Years (1986 to 2017). In order to achieve the objective of the paper, Autoregressive Model with distributed Lag was used to find out the relationship between Real Exchange rate and Unemployment in the country. The Variables used are Unemployment rate, Real Exchange rate, Real Gross Domestic Product (RGDP), Export Value index; and Import Value index. It was found that Real Exchange Rate has positive effect on unemployment during the period. With high exchange rate, unemployment rate increases. The paper advises for efforts to increase supply of foreign exchange earnings in the country so as to curtail excess demand for it. This will lead to producing more goods as industries that would be established for such production will absorb more workforces out of the unemployed. Key Words: Unemployment; Exchange rate; Auto- regression;","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126633464","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-22DOI: 10.15226/2577-7815/3/2/00128
Sabrin Nahar, N. Zayed
The purpose of this study is to investigate the impact of remuneration on employee motivation. Today, business world is too much competitive. Therefore, all the business organization ensures best employees for getting competitive position. This study mainly focuses on Unilever because it is the biggest multinational corporation of Bangladesh. The researchers evaluate here how remuneration impact on employee’s motivation in the context of Unilever, Bangladesh. Hence, it also identified that which remuneration factor influences the employee’s desire level. This study also evaluates the relationship between remuneration and motivation. The qualitative research method is used for data collections and researchers used secondary sources of data for review in the systematic manner. The researcher also used the case study methods for understanding the unclear situation of Unilever. Keywords: remuneration; motivation; Unilever; Bangladesh;
{"title":"An Analysis of the Impact of Remuneration on Employee Motivation: A Case Study on Unilever, Bangladesh","authors":"Sabrin Nahar, N. Zayed","doi":"10.15226/2577-7815/3/2/00128","DOIUrl":"https://doi.org/10.15226/2577-7815/3/2/00128","url":null,"abstract":"The purpose of this study is to investigate the impact of remuneration on employee motivation. Today, business world is too much competitive. Therefore, all the business organization ensures best employees for getting competitive position. This study mainly focuses on Unilever because it is the biggest multinational corporation of Bangladesh. The researchers evaluate here how remuneration impact on employee’s motivation in the context of Unilever, Bangladesh. Hence, it also identified that which remuneration factor influences the employee’s desire level. This study also evaluates the relationship between remuneration and motivation. The qualitative research method is used for data collections and researchers used secondary sources of data for review in the systematic manner. The researcher also used the case study methods for understanding the unclear situation of Unilever. Keywords: remuneration; motivation; Unilever; Bangladesh;","PeriodicalId":448225,"journal":{"name":"International Journal of Family Business and Management","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114816117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-29DOI: 10.15226/2577-7815/3/2/00127
Ozlem Ozdemir, P. Harris
Family owned and controlled businesses, which may be owned, controlled or operated by various family members, account for an enormous percentage of global employment, revenues and GDP. Although the majority of well-known companies are family owned, research indicates that unfortunately, only thirty percent of family businesses survive to the second generation. Therefore, successful transfer of the business to the next generation is an important issue for the family business literature. However, although succession is a vital issue for Family Owned Businesses (FOBs), the process is unfortunately very gender biased in most societies, with boys being generally favoured over girls so daughters are always excluded as candidates and other women are seldom considered as successors in family businesses. In many cases, especially in certain cultures, female members of the next generation are not even perceived as a viable option. Even in today’s rapidly changing business climate, primogeniture continues to dominate the value system of family businesses. Primogeniture is an accepted approach to family business succession planning; daughters are only considered for family business succession when all descendants are female or the daughter is the first born. This study aims to identify the reasons behind the primogeniture in Turkish FOBs. The objectives of the study were to examine the key factors identified by the incumbents related with the primogeniture. In this research study, an interpretive methodology was adopted to explore, interpret and to understand meanings of knowledge. For this research, qualitative data were gathered via in-depth open-ended interviews with 20 male FOB owners who have at least one daughter and 20 daughters working at their FOB with their fathers. The questions were designed to measure different facets of FOB demographics and culture to understand their effects on the selection process within Turkish FOBs and gender norms in the context of FOB norms, which influence both family members and the business it. This study investigated daughters’ succession in FOBs in Turkey, a developing country where women are less likely than men to engage in entrepreneurial activities and show that gendered norms are still considered when choosing the successor, in other word, primogeniture still dominates the family business succession process. Keywords: Woman entrepreneurship; Primogeniture; Family Business; Gender; Culture;
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