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IJFBP International Journal of Family Business Practices

IJFBP
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Published by President University

ISSN : 26217325 EISSN : 26217333 DOI : -

Core Subject : Economy,

Economics, Econometrics & Finance

The International Journal of Family Business Practices (IJFBP) is open access and biannual double-blind peer-reviewed journal. Numerous family enterprises are based around the legend of an entrepreneurial founder who has stood firm in the face of difficulties. The IJFBP widens the scope to look beyond this interrelationship by exploring the creation of family business, which includes the entrepreneurial tenets, mindset, and processes of the family business and its transgenerational sustainability. The scope of the journal covers various sectors including (but is not limited to), retail, tourism, wealth planning, digital business, among others. All the articles published in English. Submissions are open year-round. Before submitting, please ensure that the manuscript is written in English to comply with the focus and scope of IJFBP and follows the guidelines and templates of authors.

Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)

Articles 42 Documents

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Vendor Selection using Analytical Network Process (ANP) in Heavy Equipment Company M. Yanie Syafei; Anastasya Lidya Maukar; Hening Herziatra
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

Using qualitative interviews to understand the mindset of family business leaders in succession, this Supply Chain Management is important in industry. Vendor is the key component in the supply chain flow. A company abbreviated as UTPE is one of the biggest manufacturing companies in Indonesia that produces heavy equipment. The main materials are plates and spare parts that have been supplied by eight vendors. The current system of vendor selection is based on tardiness of delivery time, but every vendor has different frequency of delivery so that it cannot be compared. Therefore, the appropriate criteria and sub criteria are required to create a new system of vendor selection. The criteria and sub criteria are determined based on the previous research and interview with an expert in the company. There are 5 criteria and 17 sub criteria that are approriate for vendor selection. ANP is the development of Analytical Heuristic Process (AHP) by considering dependency between elements of hierarchy. By using ANP, the interdependency between criteria, sub criteria and their weight can be defined. Data collection is done by using observation, interview and questionnaire. Sub criteria long term relationship has the highest weight and vendor abbreviated as GH is the best vendor with score 3.057 of 5.

Predecessors’ Attitude toward Conflict Predictor of Family Business Sustainability Linda Salim; Mohd. Noor Shariff; Darwina Ahmad Arshad
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

Using qualitative interviews to understand the mindset of family business leaders in succession, this study proposes that attitude toward conflict is an important decision making element. A collective case studies uncover how attitude toward conflict predicts decision making during succession and influence optimism on the future of the firms. Findings of the study suggest that predecessors who welcome conflicts as a part of family firms take a more relaxed attitude toward succession, with a wider talent pool. This group are also more egalitarian in strategic decision making and optimistic toward the future of the firms. Predecessors who avoid conflict have smaller talent pool, making decisions to nominate few for the position. They is cautious, making decisions for the successors, and are pessimistic about the future of the firms. Contributions from this study are threefold. First, we introduce the use of attitude toward conflict to measure predecessors' behaviors during succession. Second, through identification of attitude toward conflict, we contribute to the literature by predicting predecessors' optimisms toward the future of the firms in the hands of the next generations. Third, this study contributes another dimension to reciprocal nepotism through discovery that family businesses upholding reciprocal nepotism behave differently.

The Largest European Blackberry Producer: A Research Case Study on Entrepreneurship and Family Business Ajay A Chauhan; Alfonso Vargas-Sánchez; María Moral-Moral
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

The present paper is based on a field research on the evolution of a saga of family entrepreneurs in Spain, with four generations involved. From the modest beginnings of a canned tomato factory, longer than a century ago, the case explains its transformation up to the current reality of being recognized as the largest blackberry European producer, named ‘Agrícola El Bosque’. Through the personal experience of its main characters, the case displays the very different stages through which this entrepreneurial family has traveled, especially the keys to the successful development of ‘Agrícola El Bosque’, including the last major project that has promoted, based on a process of cooperation with other berries producers in the area. This commercial alliance, branded as 'Plus Berries', leads us to reflect on the future of the growth model followed until now by this family business. On the foundations of this case, some lessons can be extracted and shed light on particular aspects of the scientific literature on family business management, as well as on how entrepreneurial spirit can be fed and flourish at the heat of the development and consolidation of a cluster of companies in an industry.

Sharing tacit business knowledge between founder and successor in family business: case studies in Vietnam Thanh Trung Pham; Robin Bell; David Newton
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

The purposes of this study are to explore in detail the tacit business knowledge transfer process and the effective transfer method from founder to successor in Vietnamese family businesses. This study, using separate interviews of paired founders and successors in five Vietnamese family businesses, aims to contribute to the general understanding of such processes in South East Asian family businesses. This study confirms that the tacit business knowledge transfer process is an on-going process until the founder is unable to continue due to physical or mental health preventing further communication. In addition, it indicates that the mentor-mentee method is the most common method for tacit knowledge transfer process. Storytelling is also a common process; unlike traditional Western SMEs, use of formal documentation tends to be far less prevalent as a way of transferring knowledge. The findings of this study show that not all of tacit business knowledge from the founder is important to the successor. Therefore, a successor needs time spent alone to contemplate each tacit business lesson, before determining whether to absorb it.

Managing Risks in Academic Entrepreneurship: The Case of SiFAR Mohar Yusof; Leilanie Mohd Nor
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

The main purpose of this case study is to examine the implementation and commercialization process of Simplified Financial and Recordkeeping (SiFAR) solution, a cloud-based cash flow management solution for micro and small businesses. Background of the company and entrepreneurial academics who initiated the idea and business, and the starting up process is described. The technology adoption life cycle model and the concept of crossing the chasms are used to describe the adoption rate of the solution. A pilot project was used to test the prototype and validate several features of the solution. The social scientists and entrepreneurs found a critical success factor for technology commercialization, which is managing risk. The most important factor in managing risk is to confirm demand for the solution and the willingness to pay. Hence, funds and capital need to be focused on managing risks in order for the entrepreneurial endeavor to be successful.

Editor’s Desk - About IJFBP Ajay A Chauhan
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

This is a proud moment for President University to bring out the first issue of International Journal of Family Business Practices (IJFBP), which would be published 2 times in year in June and December.

The Business Family as the Business Model of Our Time James Hoopes
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

The information technology has reduced the cost of business transactions large managerial corporations are giving way to small family business firms. It is good change because family businesses could not only aim to sustain the family economically but also could aim nurturing children. The role of ethics in family business is has not been studied systematically. This paper has argued that family firms are more socially responsible that non-family firms because family firms are breeding ground for core family values. This paper also argues that business literature should lay emphasis on virtues and character based business in place of value and culture based business. To manage for organizational virtue and character is to treat ethics as an end in itself. To manage by values and characters is to treat ethics as means for some ulterior motive. If employees are told that they should be honest because it pays then profit may trump in case of a conflict. The combination of family virtues and business can make the family busines as moral model or moral leadership for all types of business in this era of high demands for accountability.

List of Authors and Profile Ajay A Chauhan
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

Authors

Reviewer Ajay A Chauhan
International Journal of Family Business Practices Vol 1, No 1 (2018)
Publisher : Faculty of Business, President University

Reviewer

The Determinants of a Successful Family Business Succession in Indonesia: A Multiple Case Study Suresh Kumar; Qireina Prameswari
International Journal of Family Business Practices Vol 1, No 2 (2018)
Publisher : Faculty of Business, President University

Family businesses play an important role in both developed and developing countries. They employ a majority of workforce establishing the newest jobs and generating a significant proportion of the gross domestic product. About 96% of the 165,000 companies established in Indonesia are family businesses. However, the survival rate of passing through the stage of second generations in family business is very low. This research has been conducted to analyse the determinants of successful family business successions. Qualitative research method was used to study four families. The conclusion from the study was that the determinants of successful family business succession are managing a complex relationship of successors and incumbent related factors, family context, business context, and having a structured agreement system.

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Mohammad Shihab

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Mohammad Shihab

Contact Email shihab@president.ac.id

Phone -

Journal Mail Official shihab@president.ac.id

Editorial Address http://e-journal.president.ac.id/presunivojs/index.php/IJFBP/about/editorialTeam

Location Kota bekasi, Jawa barat INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

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Abstract

Abstract

Abstract

Contact Name
Mohammad Shihab

Contact Email
shihab@president.ac.id

Phone
-

Journal Mail Official
shihab@president.ac.id

Editorial Address
http://e-journal.president.ac.id/presunivojs/index.php/IJFBP/about/editorialTeam

Location
Kota bekasi,

Jawa barat

INDONESIA