IJFBP International Journal of Family Business Practices
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.
Articles
47 Documents
<![CDATA[The Newest Telecommunications Operator Company in Indonesia: “A Research Case Study of Smart Telecom’s Survival in the Competitive Industry” ]]>
<![CDATA[Roy Poan]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 2 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (221.373 KB)
|
DOI: 10.33021/ijfbp.v3i2.1262
<![CDATA[This paper is based on field research into the evolution of the telecommunications industry in Indonesia for the newest telecommunications operator company in Indonesia, PT Smart Telecom (ST), from the preparation of its launch to becoming one of the surviving telecommunications companies in Indonesia. The paper aim to describe the marketing, operational and the role ST plays in the Sinarmas group. Through a personal experience, the case focuses on every stage of PT Smart Telecom’s evolution until its merger with PT Mobile-8 before becoming one of the five remaining telecommunication operators in Indonesia.]]>
<![CDATA[THE CHALLENGES OF FAMILY BUSINESS SUCCESSION PROCESS: A CASE STUDY OF TWO MAJOR BATIK PERANAKAN ENTREPRENEURS IN PEKALONGAN AND SOLO ]]>
<![CDATA[Lili Kristanti]]>;
<![CDATA[Maureen Nuradhi]]>
<![CDATA[ International Journal of Family Business Practices Vol 2, No 1 (2019) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (269.375 KB)
|
DOI: 10.33021/ijfbp.v2i1.1424
<![CDATA[Family business has many challenges to sustain for generations. Two legendary Peranakan batik entrepreneurial families halted their businesses at the third generation and this research looks for the causes of this failure. Through qualitative research method, the conclusion drawn is that there is no mature succession planning from the predecessor to the successor. Meanwhile, the difference in motivation and commitment of the next generation of these two family businesses do not seem to cause a difference in the final journey of Batik Oey Soe Tjoen and Batik Tiga Negeri. Factors beyond succession planning and commitment of future generations can be subject to further research studies. ]]>
<![CDATA[Predecessors’ Attitude toward Conflict Predictor of Family Business Sustainability ]]>
<![CDATA[Linda Salim]]>;
<![CDATA[Mohd. Noor Shariff]]>;
<![CDATA[Darwina Ahmad Arshad]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (505.504 KB)
|
DOI: 10.33021/ijfbp.v1i1.625
<![CDATA[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.]]>
<![CDATA[The Business Family as the Business Model of Our Time ]]>
<![CDATA[James Hoopes]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (163.116 KB)
|
DOI: 10.33021/ijfbp.v1i1.667
<![CDATA[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.]]>
<![CDATA[Cooperation, Collaboration, and Co-creation: A Review of Existing Literature and Applications ]]>
<![CDATA[Nina Arina]]>;
<![CDATA[Sonny Rustiadi]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 2 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (901.816 KB)
|
DOI: 10.33021/ijfbp.v1i2.639
<![CDATA[Innovation is a mechanism for entrepreneurs to create a product or service in accordance with company’s target market. While creating innovation, the company may not have some of the information or skills that are owned by the other parties or vice versa.As a solution, various approaches of cooperation, collaboration, or co-creation are chosen as the strategy to develop innovation. The purpose of this study is to examine the implementation of cooperation, collaboration, and co-creation as an entrepreneurial strategy. The method used is exploratory analysis by analysing the theory of Drucker (1993). The result of this research is a definitive differentiation of innovation for the four strategies. To conclude, the paper suggests the company to analyse their own ability and condition in order to create an innovation that will increase the productivity.]]>
<![CDATA[MANAGING SUCCESSION IN A FAMILY OWNED SMALL-MEDIUM ENTERPRISES ]]>
<![CDATA[Honey Nandlal]]>;
<![CDATA[Suresh Kumar]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 1 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (244.44 KB)
|
DOI: 10.33021/ijfbp.v3i1.1157
<![CDATA[Nowadays, family businesses are of high number in countires and contribute to the development of the economy. This research was conducted due to the importance of family business survival and it focuses on factors that affect their performance. Recently, family businesses have been identified as one of the concerns in the global entrepreneurial development agenda. This is because of the existing problem which is caused by family business owners avoid planning and treat succession as a problem instead of an opportunity. This impacts the continuity of the family-owned business. This research is made to emphasize the importance of planning and the drawbacks of negative bias in viewing succession as a problem. This study is expected to make family business owners understand the importance of planning and treating succession as an opportunity to achieve continuity. Qualitative research method was chosen as the method of the research with first generation family business owners as the key informants. Three key informants are chosen; Mr. Untoro A. Suryadi, Mr. IS and Mr. AS. In conclusion, family business should stop strategizing succession and treat succession as a practice.]]>
<![CDATA[Opportunity Recognition: Gender and Family Business Background Comparison ]]>
<![CDATA[Christina -]]>;
<![CDATA[Maureen Nuradhi]]>;
<![CDATA[Lili Kristanti]]>
<![CDATA[ International Journal of Family Business Practices Vol 3, No 2 (2020) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (190.182 KB)
|
DOI: 10.33021/ijfbp.v3i2.1333
<![CDATA[Opportunity recognition is the first nascent step towards entrepreneurship. Previous study shows that gender and family business exposure plays a significant role for entrepreneurs to start a business. The objective of this study is to find out if there is any difference in opportunity recognition based on gender and family business background. The sample size of this study is 413 students who are taking the Entrepreneurial Global Innovation subject in the fourth semester at Universitas Ciputra Surabaya, comprising 234 males and 179 females. The data was taken at the end of the semester which also coincided with the pandemic covid-19 situation. The data that has been collected is analyzed using independent sample t-test. The result of the study reveals that there is a difference in opportunity recognition between students with family business backgrounds and students without family business background. The other result of this study is that there is no difference in opportunity recognition between male and female.This study contributes to entrepreneurship education especially in term of opportunity recognition and how it is differ between students who have family business background and those who don’t. Further research needs to be done to ascertain whether gender equality in entrepreneurship has actually been achieved.]]>
<![CDATA[The effect of product innovation towards brand image and its implication on consumer buying behavior (a case of Toshiba television in Jakarta) ]]>
<![CDATA[Jesslyn Octavia]]>;
<![CDATA[A.B.M. Witono]]>;
<![CDATA[Dedi Kurniawan]]>
<![CDATA[ International Journal of Family Business Practices Vol 4, No 1 (2021) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (494.707 KB)
|
DOI: 10.33021/ijfbp.v4i1.1495
<![CDATA[The television production industry is facing fierce competition from its substitutes such as the smartphone industry. Television manufacturers need to find the right strategy to maintain sales. This study aims to examine the effect of product innovation on brand image and consumer buying behavior on television products. Research on product innovation and its contribution to brand image and consumer buying behavior specifically in the television production industry is not yet fully observed. This study used quantitative methods with survey techniques. Toshiba television product is the object of the research. Three hundred respondents who had purchased television responded to a questionnaire distributed in the DKI Jakarta area, Indonesia. Data were analyzed using the Structural Equation Modeling technique by employing AMOS software. The study found that product innovation has a significant effect on brand image and consumer buying behavior. Brand image also has a significant effect on consumer buying behavior. Hence, product innovation and brand image are both important factors that can influence consumer buying behavior. These two aspects should be the main concern for television manufacturers, especially Toshiba, to compete grabbing consumers. ]]>
<![CDATA[Editor’s Desk - About IJFBP ]]>
<![CDATA[Ajay A Chauhan]]>
<![CDATA[ International Journal of Family Business Practices Vol 1, No 1 (2018) ]]>
Publisher : <![CDATA[Faculty of Business, President University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (212.68 KB)
|
DOI: 10.33021/ijfbp.v1i1.647
<![CDATA[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.]]>
