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All Journal Jurnal Entrepreneur dan Entrepreneurship Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
Agustiono Agustiono
Universitas Ciputra Surabaya
Humanities Economics, Econometrics & Finance Social Sciences Other

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BUILDING TRUST IN FAMILY BUSINESS Agustiono Agustiono; Carlina Wijaya
Jurnal Entrepreneur dan Entrepreneurship Vol. 7 No. 2 (2018)
Publisher : Universitas Ciputra Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (71.617 KB) | DOI: 10.37715/jee.v7i2.1103

Abstract

This research aims about how to build parent’s trust at Super Rasa Jaya Company. This is a family company engaged in bakery industry. This research was a descriptive qualitative. For data collecting technique, this study used interview and observations method. The data were validated though data validity test. Data triangulation was carried out by interviewing 6 informants who worked as entrepreneurs. Four of them have become a successful leaders of the next generation for more than 5 years. Two others were the owners of Super Rasa Jaya Company. This study found the owner of Super Rasa Jaya Company (head of the generation) had not been able to have their trust on the performance of their future generations yet. To gain that trust, the future generations had to work very hard. They were also required to provide evidence about their work. The next generation had to be able to demonstrate high performance in running and organizing the company. They had to able to produce a variety of new products and improve the quality of production in order to get the trust from the heads of the previous generation.
HOW COVID 19 AFFECT SOCIOEMOTIONAL WEALTH DIMENSIONS? Agustiono Agustiono
Proceeding of the International Conference on Family Business and Entrepreneurship 2021: Proceeding of the 4th International Conference on Family Business and Entrepreneurship
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (801.404 KB) | DOI: 10.33021/icfbe.v1i1.1393

Abstract

This research aim at assessing the impact of Covid 19 crisis toward family business’ Socioemotional Wealth’s (SEW) dimensions. SEW framework differentiate the unique entity of family business to non family business.  It identifies why family business decision making do not merely based on financial consideration but also family’s welfare and emotional attachment. Five SEW dimensions that will be explore are known as FIBER (Family control, Identification, Binding social Ties, Emotional attachment and Renewal of the family bond). As Indonesia enter a recession as shown by a decrease in GDP quarterly data 2020, it will put a strain on the family business decision as most business now fall into surviving mode. The question will be weather the pressure of survivability reduce the intensity of SEW in family business or, on the contrary, the pressure will change the degree of SEW dimensions? The method used to answer this will be an explanatory single case study. The exploitative study showed that other than financial preparedness, respectable approach to family members, shareholders and stakeholders prior crisis are an important factors in determining changes of SEW degree during crisis.   Keywords: Family business, Socioemotional Wealth, Crisis
Co-Authors Carlina Wijaya Wijaya, Carlina