The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective

We examine the influence of family and family businesses on the sustainability of start-up/nascent enterprises set up by family members. Family firms can expand by setting up new enterprises so that their offspring or siblings can start their own business. This has many advantages for the establishe...

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Main Authors:	Louise Scholes, You Yi, Xiaoti Hu, Mathew Hughes, Paul Hughes
Format:	Default Conference proceeding
Published:	2017
Subjects:	Other commerce, management, tourism and services not elsewhere classified untagged Business and Management not elsewhere classified
Online Access:	https://hdl.handle.net/2134/24781
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id	rr-article-9499535
record_format	Figshare
spelling	rr-article-94995352017-01-01T00:00:00Z The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective Louise Scholes (1384425) You Yi (6932486) Xiaoti Hu (7185893) Mathew Hughes (2612836) Paul Hughes (2219167) Other commerce, management, tourism and services not elsewhere classified untagged Business and Management not elsewhere classified We examine the influence of family and family businesses on the sustainability of start-up/nascent enterprises set up by family members. Family firms can expand by setting up new enterprises so that their offspring or siblings can start their own business. This has many advantages for the established and for the new firms. For the established firms funds provided for the start-up can be ring-fenced so the established firm can grow with reduced risk. It also provides family firms with a means of training the younger generation before they take over the whole family business. Sustainability for the start-up can come from the provision of additional resources that they often lack such as additional funding, access to a network of stakeholders such as a skilled workforce, customers, suppliers, and management expertise. However, there may be some disadvantage for the fledgling firm with this arrangement if there is conflict in the decision-making process between a dominant family firm founder and the new CEO of the fledgling business. This raises interesting questions about how decision-making in the start-up/nascent firm will be affected by the family firm and how this in turn affects its sustainability in the longer term. 2017-01-01T00:00:00Z Text Conference contribution 2134/24781 https://figshare.com/articles/conference_contribution/The_influence_of_family_firms_on_the_sustainability_of_start-up_nascent_enterprises_a_decision-making_perspective/9499535 CC BY-NC-ND 4.0
institution	Loughborough University
collection	Figshare
topic	Other commerce, management, tourism and services not elsewhere classified untagged Business and Management not elsewhere classified
spellingShingle	Other commerce, management, tourism and services not elsewhere classified untagged Business and Management not elsewhere classified Louise Scholes You Yi Xiaoti Hu Mathew Hughes Paul Hughes The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
description	We examine the influence of family and family businesses on the sustainability of start-up/nascent enterprises set up by family members. Family firms can expand by setting up new enterprises so that their offspring or siblings can start their own business. This has many advantages for the established and for the new firms. For the established firms funds provided for the start-up can be ring-fenced so the established firm can grow with reduced risk. It also provides family firms with a means of training the younger generation before they take over the whole family business. Sustainability for the start-up can come from the provision of additional resources that they often lack such as additional funding, access to a network of stakeholders such as a skilled workforce, customers, suppliers, and management expertise. However, there may be some disadvantage for the fledgling firm with this arrangement if there is conflict in the decision-making process between a dominant family firm founder and the new CEO of the fledgling business. This raises interesting questions about how decision-making in the start-up/nascent firm will be affected by the family firm and how this in turn affects its sustainability in the longer term.
format	Default Conference proceeding
author	Louise Scholes You Yi Xiaoti Hu Mathew Hughes Paul Hughes
author_facet	Louise Scholes You Yi Xiaoti Hu Mathew Hughes Paul Hughes
author_sort	Louise Scholes (1384425)
title	The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
title_short	The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
title_full	The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
title_fullStr	The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
title_full_unstemmed	The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
title_sort	influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective
publishDate	2017
url	https://hdl.handle.net/2134/24781
_version_	1796738811623899136

The influence of family firms on the sustainability of start-up/nascent enterprises: a decision-making perspective

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