A Research Model of Sustainable Family Businesses

Abstract

This paper proposes a research model that outlines the determinants of functional families and profitable businesses–requisites for family business sustainability. Two features distinguish the model from previous models: inclusion of the family in the same detail as the business and emphasis on the key features of family and business. Delineation of the interface between the family and the business permits the use of research methods that allow for variable degrees of overlap of family and business rather than assuming that family businesses constitute either a single system or two separate systems. The research model is also compatible with a variety of theoretical perspectives.

Local Environmental Non-Profit Organizations and the Green Investment Strategies of Family Firms

“…They are committed to project and perpetuate a positive family image and reputation (Westhead et al, 2001). Family firms also strive to receive recognition for generous actions (Schulze et al, 2001), to enjoy personal prestige in the community and to have social support among friends and acquaintances (Stafford et al, 1999), as well as to maintain group integrity (Habbershon and Pistrui, 2002). Hence, they value "social worthiness", that is the legitimacy derived from conformity to local expectations (Thornton and Ocasio, 1999).…”

Critical Review on the Existence of Transgenerational Entrepreneurship in Tourism Businesses: Current Trend and Interest

“…Source: Stafford et al (1999) In the beginning, Stafford et al (1999) introduce a Sustainable Family Business Model that explained the relationship between a family and its business dimensions. Stafford et al (1999) argue that family and business dimension overlap and both should integrate well with each other, so as to avoid any disruptions.…”

“…Stafford et al (1999) argue that family and business dimension overlap and both should integrate well with each other, so as to avoid any disruptions. The family and business transactions of resources and interpersonal aspects create a positive environment that enables sustainability.…”

“…Habbershon, Nordqvist and Zellweger (2010) suggest that family pervasively affects a new venture. Aldrich and Cliff (2003), and Stafford et al (1999) found that the close relationships between family and business could lead to a potentially sustainable business. Aldrich and Cliff (2003) identify that family resources and characteristics influence an individual to create new ventures, which later become successful, hence creating suitable grounds to nurture new entrepreneurship.…”

Family Business’s Transitioning to Circular Economy Model: The Case of “Mercadona”

“…The literature on family business and sustainability has increased in recent years [15], [16], with family business researchers studying sustainability and environmental issues in depth. Stafford et al (1999) proposed one of the first business models to apply the idea of sustainability to family businesses, grounding the latter's sustainability in systems theory by analyzing the interactions between business and family as two subsystems. Analysis cannot, however, be limited to internal links between the family and the company.…”