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Securing Sustainability and Growth Potential of Small Family Business through an "Effective Complexity Model"

초록/요약

the previews research on family business almost covers every aspects; the clarify of family definition, the discussion of family business characters;comparision of family business with non-family business;family business performance analysis, etc., but seldom touches the sustainable way for small family firms. in this thesis, i discussed three determinants of small family business growth, family capital, entrepreneurship, and professionalization, which was belived to be critical and could provide sustained competitiveness for the further growth of small family business, then i defined the 'effective' and put forward effective complexity model.

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목차

Table of Contents

I Introduction 1

II Family Business and Effects of Its Inherent ‘Familiness’ 3
1 Family Business 3
2 Family Factors and Family Effect on Business Performance 5

III Family Capital 9
1 Social Capital and Family Capital 9
2 Information Channel, Closure and Family Norms 10
(1) Information Channel 10
(2) Closure 12
(3) Family Norms 14
3 Culture as Complement of Family Capital 16
4 Competences Provided by Family Capital 18

IV Entrepreneur and Business Orientation 23
1 the Important Role of Entrepreneur 23
2 the Character of Family Business Entrepreneurship 24
3 Business Orientation 27

V Professional Management 29
1 Professionalization as an Inevitable Process for Family Business Growth 29
2 Ways to Bring in Professional Management 31

VI Effective Complexity and Effective Complexity Model 36
1 Complexity and Family Business Performance Model 37
2 Effective Complexity 37
3 Effective Complexity Model 38
(1) Basic Assumption 39
(2) Competence and Competitiveness 43
(3) Critical Issue 44

VII Conclusion 50
Appendix 52
Reference 58

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