Strategic, tactical and operational decisions in family businesses: A qualitative case study
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63526548" target="_blank" >RIV/70883521:28120/20:63526548 - isvavai.cz</a>
Result on the web
<a href="https://nsuworks.nova.edu/cgi/viewcontent.cgi?article=2945&context=tqr" target="_blank" >https://nsuworks.nova.edu/cgi/viewcontent.cgi?article=2945&context=tqr</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Strategic, tactical and operational decisions in family businesses: A qualitative case study
Original language description
Previous studies of family businesses have no common agreement on what should be the most effective and efficient approach for making decisions at different managerial levels to solve business issues. Accordingly, the main objective of this study was to understand the nature of decision-making by family members who are involved in a business in different capacities such as owners, owner managers, and managers. Locating the research in the interpretivist paradigm, and utilizing qualitative case study methods (Yin, 1994), we interviewed 24 respondents from 12 well-known family firms from different districts in Sri Lanka. Thematic analysis indicated that the consultative approach is mostly used by family members in operational, functional, and top level management decisions. Yet, family members’ decisions in the business as owners, owner-managers, and managers have not shown a common decision-making process. Owner-managers’ roles in the business decisions are highlighted as they make rational, risk averse, and deliberate business decisions which would assist to run the business. In comparison, owners and managers have followed the consultative decision-making approach to shape business decisions in line with family requirements. Copyright 2020: Ravindra Hewa Kuruppuge, Ales Gregar, and Nova Southeastern University.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Qualitative Report
ISSN
1052-0147
e-ISSN
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Volume of the periodical
25
Issue of the periodical within the volume
6
Country of publishing house
US - UNITED STATES
Number of pages
20
Pages from-to
1599-1618
UT code for WoS article
000606743200011
EID of the result in the Scopus database
2-s2.0-85090705900