Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was not. Such practices are important. for current competitive advantage and may also be crucial to the longevity of the business.
This article explores post-acquisition attitudes and behaviors and the impact of merger satisfaction on attitudinal and behavioral outcome variables. The sample for the study comprises 2,845 employees in one division of a large manufacturing company. Results show significant differences in merger satisfaction both within and between acquiring firm and acquired firm employees. Level of individual satisfaction with a merger was also found to be strongly associated with several key attitudinal and demographic variables, including satisfaction with supervision, satisfaction with career future and company identification, communication with top management, agreement with the acquiring company's mission statement, turnover intent, and union status.
SummarySelf-management has many potential bene®ts for organizations. However, application of self-management to organizational settings has been hampered by lack of theoretical frameworks for self-management speci®cally applied to work settings and by a corresponding dearth of psychometrically sound measures. This paper presents results of structural equations modeling of measures of self-management anchored in a revised version of the Brief and Aldag (1981) model of the self in organizational behavior. Using con®rmatory factor analysis procedures (CFA), two a priori measures of self-management are examined. Results point to two relatively distinct facets of self-management, each of them composed of four relatively independent subscales. Finally, a structural model evidencing a pervasive set of relationships between self-management perceptions and self-management practices is provided.
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