Strengthening and sustaining a community through reciprocal support between local businesses and the community

Siemens, Lynne

doi:10.1108/jec-09-2018-0060

Cited by 8 publications

(7 citation statements)

References 50 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The first research question focuses on how some family businesses have survived significant uncontrollable contingencies, for instance, earthquakes and other natural disasters. This paper joins the discussions on the resilient adaptation to the growing risk of natural disasters and other external shocks (Harries et al , 2018) with the unique identity of family businesses and communities in their locale (Linnenluecke and McKnight, 2017; Siemens, 2019). The second research question is what baby boomer family business owners value in their succession planning.…”

Section: Introductionmentioning

confidence: 70%

Impact of natural disasters on New Zealand regional family businesses: perspectives of baby boomer family business owners

2020

JEC

View full text Add to dashboard Cite

Purpose This paper aims to describe what baby boomer family business owners in New Zealand perceive the implications of earthquakes on their business and succession planning. The current study focuses on how some businesses have survived significant uncontrollable contingencies, for instance, natural disasters. This paper also documents the insight of what baby boomer family business owners value in their succession planning. Design/methodology/approach Qualitative method was undertaken, comprising face-to-face in-depth interviews with 18 participants, who are baby boomers family business owners in New Zealand. Findings Driven by the unique social and political conditions in New Zealand, baby boomer family business owner’s revealed unique mind-sets and motivations that are oriented in their family value and/or the sense of self-fulfillment. As a result, they are able to adapt to uncertainties and reflect on their adaptability. Although approaching their retirement age and survived earthquakes, most interviewees neither have any urgency to establish or execute succession plans nor are they prepared for contingencies. A profitable trade sale has been identified as a preferred exit strategy. Research limitations/implications The current study is aimed to fill in the gap of exploring how some baby boomers’ family businesses in New Zealand survived deadly earthquakes and how they approach their own succession planning. Practical implications It is hoped that this research will contribute to the well-being of family businesses and be of value to practitioners who provide professional advises for family firms and those who aspire to a career in family businesses. This paper also aims to shed light on the implication of aging population and government policies on family businesses. The findings are, therefore, useful for academics, professional consultants, advisors and regulators. Originality/value However, natural disasters, social unrest and many uncontrollable events disrupt business operations and can be viewed as uncontrollable contingencies. Ageing population and generation-based similarities are also common to many countries and communities. Nonetheless, the interdisciplinary research on ageing population is scant in the context of financial planning, management accounting or taxation at the firm level. This paper also calls for more in-depth exploration on the implications of demographical factors on the organisations and their success or demise.

show abstract

Section: Introductionmentioning

confidence: 70%

Impact of natural disasters on New Zealand regional family businesses: perspectives of baby boomer family business owners

2020

JEC

View full text Add to dashboard Cite

show abstract

“…These categories served as the guide to clearly understand the challenges encountered by the enterprise. Data interpretation was further supported through a review of theoretical literature (Siemens, 2019).…”

Section: Data Collectionmentioning

confidence: 99%

Strategic guidelines for community enterprise development: a case in rural Thailand

Cavite

Kerdsriserm

Suwanmaneepong

2021

JEC

View full text Add to dashboard Cite

Purpose In spite of the government’s support for small-scale rice farmers in rural areas of Thailand, several problems still affect their production and marketing performance. This study aims to assess a rice production community enterprise (RPCE) through an in-depth investigation of its problems and capabilities; and formulate internal strategic guidelines for enterprise development. Design/methodology/approach This study used a qualitative approach through in-depth interviews with the community enterprise leader and committee members, and focus group discussion with eight farmer-members, purposively selected in Chachoengsao, Thailand. Data were transcribed, sorted and organised to determine themes and patterns. Strengths, weaknesses, opportunities and threats (SWOT) and threats, opportunities, weaknesses and strengths (TOWS) matrix situational analyses were done to develop strategic options. Strategic guidelines were formulated through a final deliberation with all members to ensure strategies aligned with the enterprise’s goals and objectives. Findings The results have identified three main problem categories encountered by the community enterprise in the areas of membership and labour; production and milling operations; and product design and marketing. The enterprise’s main strengths and opportunities include its product certifications and support from external organisations. Strategic points were developed, and policy support programmes are recommended for capacity building and product development as most problems identified relate to these aspects. Originality/value The utility of this study is its focus on an RPCE. The findings will help policymakers and concerned government agencies implement better programmes and policies to develop RPCEs. Furthermore, this study will be a source for future qualitative literature that will provide helpful information to other studies aiming to develop other types of community enterprises (CEs).

show abstract

“…“Crowdfunding” is an example of socially generated resources, integrating the collective finances and knowledge of many actors in entrepreneurial co-creation (Gleasure and Feller, 2016) funding both private start-ups and civic projects. Also, “Local community development” typically involves the building, strengthening and sustaining of collective forms of entrepreneurship (Siemens, 2019). Finally, the notion of “team entrepreneurship” challenges the romantic myth of the entrepreneur as a lone hero (Cooney, 2005), showing how joint decision-making and collective enactment can be central in understanding entrepreneurial processes.…”

Section: Prior Work On Entrepreneurial Collectives and Collective Int...mentioning

confidence: 99%

The role of collective intelligence and collective agency in enterprising communities

Rae,

Blenker

2023

JEC

View full text Add to dashboard Cite

Purpose This paper aims to introduce the concept of Entrepreneurial Collective Intelligence (ECI) as a means of understanding how communities of entrepreneurial actors learn to act both collectively and knowingly. It explores how connections between processes of CI, agency and action can explain and enable the development entrepreneurial community organisations. Design/methodology/approach There is a selective literature review of prior works on the related fields of community and collective entrepreneurship; collectives and intelligence; agency and action. The review is used to propose a framework of collective entrepreneurial intelligence, agency and action. An interpretive approach is used to research four case studies of community organisations which use CI to generate entrepreneurial outcomes. Findings The cases are compared with themes from prior literature to develop a conceptual model of four ECI processes which enable intelligence, agency and action: collaborative processes; distributed working; intelligence representations and organisation of infrastructures. These are theorised to discuss ideas, challenges, methods and questions to enhance entrepreneurial actions, based on sharing knowledge and learning, in the context of collective agency, action and intelligence. Research limitations/implications The four processes, both together and separately, represent a coherent framework useful for further studies on the role of collectives in enterprising communities. Practical implications The four processes each represent a central area of attention, not only for development, learning, decision-making and leadership within enterprising communities but also for entrepreneurship education in terms of alternative didactics, pedagogies and learning forms. Social implications The improved knowledge on the role of collective agency and CI within entrepreneurial processes is useful for strengthening civil activism and other fruitful forms of entrepreneurial collective processes. This may help solve complicated societal problems where traditional conceptions of entrepreneurship fail. Originality/value The conceptual contribution is to explain the dynamic relationships between ECI and action, mediated by collective agency. The role of CI in informing entrepreneurial communities is explored and four enabling processes are proposed. This coherent framework is useful for further studies on the role of collectives in enterprising communities, whilst informing their learning, decision-making and leadership.

show abstract

Strengthening and sustaining a community through reciprocal support between local businesses and the community

Cited by 8 publications

References 50 publications

Impact of natural disasters on New Zealand regional family businesses: perspectives of baby boomer family business owners

Impact of natural disasters on New Zealand regional family businesses: perspectives of baby boomer family business owners

Strategic guidelines for community enterprise development: a case in rural Thailand

The role of collective intelligence and collective agency in enterprising communities

Contact Info

Product

Resources

About