The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Emergence of Familiness and Family Owned Business Performance: The Case of Myanmar
Abstract
This article explores the concept of familiness in family-owned businesses (FOBs), identifying how families generate their own resources for business performance. Applying the resource-based view, the authors examined seven Myanmar businesses. Findings revealed that two factors influence familiness in Myanmar FOB: family unity and internal governance systems, which can be subdivided into traditional and collective systems. Moreover, evaluation revealed that FOB's business performance was affected by different family attitudes. A combination of family unity and a traditional internal governance system was conducive to controlling the internal business capabilities, whereas creating external opportunities were considered more effective for a combination of family unity and a collective internal governance system. Findings suggest that familiness emerges through embedded family resources that incorporates a sense of awareness with abilities for business advantages. These empirical results can provide insights and inputs that can help small and medium-sized FOBs safeguard their future.
Related Content
Esra Güven.
© 2023.
18 pages.
|
Aizhan Baimukhamedova, Malik Baimukhamedov.
© 2023.
25 pages.
|
Albérico Travassos Rosário.
© 2023.
29 pages.
|
Karthik Ram M., Selvabaskar S..
© 2023.
15 pages.
|
Edna Mngusughun Denga.
© 2023.
23 pages.
|
Sefa Asortse, Edna Mngusughun Denga.
© 2023.
23 pages.
|
Sfiso Nxele, Muhammad Ehsanul Hoque.
© 2023.
18 pages.
|
|
|