Technology and family business: from conceptualization to implementation in strategic planning – a perspective article

Gandrita, Daniel Mandel

doi:10.1108/jfbm-07-2023-0105

Cited by 2 publications

(4 citation statements)

References 28 publications

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“…Adapting decision-making processes to specific environmental changes is another critical aspect of strategic flexibility. Studies illustrate this point by showing how external factors significantly impact strategic decisions in sectors like farming (Gandrita, 2023). This example serves as a reminder that businesses must tailor their decisionmaking processes to their unique contexts, challenges, and industry-specific dynamics.…”

Section: Context-specific Adaptationmentioning

confidence: 99%

“…The incorporation of technology in strategic planning is crucial for contemporary businesses. The article "Technology and family business: from conceptualization to implementation in strategic planning -a perspective article" emphasizes the role of technology in overcoming strategic planning challenges and enabling data-driven decisions, particularly in family businesses (Gandrita, 2023). This I E-ISSN: 3041-8992 trend highlights the growing importance of technology in formulating effective business strategies.…”

Section: Technology In Strategic Planningmentioning

confidence: 99%

“…They enable businesses to anticipate market trends and customer behaviors, providing a competitive edge. However, their effectiveness is contingent on the availability of quality data E-ISSN: 3041-8992 and advanced analytics capabilities (Gandrita, 2023;Kumar & Mallipeddi, 2022).…”

Section: Predictive Models In Data-driven Industriesmentioning

confidence: 99%

“…The use of predictive models and data analytics in strategic management is increasingly prevalent. Industries such as finance and marketing are leveraging these tools for forecasting and gaining competitive insights (Gandrita, 2023;Kumar & Mallipeddi, 2022).…”

Section: Data-driven Decision Makingmentioning

confidence: 99%

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Strategic Management in the Digital Age: A Review of Decision-Making Frameworks

Choori,

Kazemi

2023

IJIMOB

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Objective: This article aims to critically review and synthesize the evolution of strategic management frameworks in the digital age, focusing on how these frameworks have adapted to the challenges and opportunities presented by digital technologies. Method: The review employs a narrative approach to review scholarly articles and industry reports. It categorizes decision-making frameworks into groups such as IT governance mechanisms, digital transformation strategies, and predictive models. Each framework is examined in detail regarding its application, strengths, weaknesses, and real-world examples. Comparative analysis is used to assess the suitability of these frameworks across different business contexts, and emerging trends are identified. The method also involves analyzing challenges in implementation and predicting future developments in strategic management frameworks. Results: The findings reveal that strategic management in the digital age is characterized by a shift towards more innovative, technology-driven approaches. Key trends include the integration of AI and machine learning, an increased focus on sustainability and ESG factors, and the importance of agility and flexibility in decision-making. Challenges in implementation range from aligning technological capabilities with strategic objectives to managing cognitive biases and ensuring cybersecurity. Future predictions suggest a continued evolution of these frameworks, with a greater emphasis on data-driven insights, sustainability, and technological integration. Conclusion: The review concludes that evolving strategic management practices are crucial for businesses to navigate the complexities of the digital age effectively. Organizations must embrace technological advancements, integrate sustainability into their core strategies, and maintain agility and flexibility in their decision-making processes.

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Section: Context-specific Adaptationmentioning

confidence: 99%

Section: Technology In Strategic Planningmentioning

confidence: 99%

Section: Predictive Models In Data-driven Industriesmentioning

confidence: 99%

Section: Data-driven Decision Makingmentioning

confidence: 99%

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Strategic Management in the Digital Age: A Review of Decision-Making Frameworks

Choori,

Kazemi

2023

IJIMOB

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Challenges and strategies of gamification in family businesses: the moderating effects of supervision and engagement

Gandrita,

Rosado

2024

EBR

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Purpose This paper aims to unravel how family businesses can harness the power of gamification and to illuminate the hurdles that obstruct this path to success. The research identifies these challenges providing valuable insights into the application of gamification in family businesses and the role of supervision and engagement as moderator variables in this relationship. Design/methodology/approach Using a structural modeling approach in a qualitative research methodology, the authors collected responses from n = 200 participants. The results were analyzed using Spearman’s test and multiple linear regression. Findings The research findings reveal that family businesses need to carefully redefine costs when introducing gamification, considering both fixed and variable expenses. The moderating effects of supervision are crucial for user evolution and the correlation, while user engagement influences user and useability experience. Additionally, a positive attitude enhances engagement. Finally, the five key challenges lead to difficulties when implementing gamification strategies. Practical implications This research provides valuable insights for the literature on gamification and family business and offers practical guidance for family business owners seeking to introduce a tailored value proposition adapted to their unique organizational needs and challenges. Originality/value A novel approach is proposed which, through the integration of gamification strategies with family business dynamics, explores the unique challenges and opportunities that arise within this context. By focusing specifically on family businesses, this study highlights how generational differences, ownership structures and cultural resistance can impact the successful implementation of gamification.

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Technology and family business: from conceptualization to implementation in strategic planning – a perspective article

Cited by 2 publications

References 28 publications

Strategic Management in the Digital Age: A Review of Decision-Making Frameworks

Strategic Management in the Digital Age: A Review of Decision-Making Frameworks

Challenges and strategies of gamification in family businesses: the moderating effects of supervision and engagement

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