ipl-logo

Family Business Theory

891 Words4 Pages

The same idea has been analyzed by researchers in the field of organizational behavior. There is a trait called personality A, which refers to people who are aggressive, impatient, and competitive. Because personality A types thrive in one-to-one negotiations, common sense would indicate that these people would be at the top of most organizational chains, but the opposite happens. Personality A types are actually great as salespersons and as entrepreneurs. However, most of the times they lack the patience and analytical skills required to manage the bigger organizational units and departments of today government and business world (Robbins, 2003). The good news for personality A types is that their skills can again be very useful at the top …show more content…

In conclusion, shifting a firm to a bigger size and making it stay in business for many years is extremely difficult to achieve as proven by data from the small business administration which found out that there is a rapid drop in the number of businesses as the number of employees increases. For example, in a 1983 survey, 2,500,000 businesses had less than 20 employees, 300,000 had between 20 and 49 employees, 100,000 had between 50 and 100 employees, and only 80,000 had more than 100 employees (Ward, 1987). 2.3.7 Life cycles of family business. An important concept in family business theory is the life-cycle model. Life cycle theories derived from biological analogies and have become useful tools in the study of organizations. The model is simple. It states that all organisms are born, grow, mature, decline, and die. However, opposite to the biological organisms, organizations have a chance during maturity of renewal through change (Ward, 1997). In other words, organizations have the potential of experiencing rebirth and start the life process all over again (Gersick et al., …show more content…

For example, in the early stage of organizational development the goal is survival, the structure is centralized, the owner makes most decisions and even solves operating day to day problems. Later on, in the middle stage of organizational development the goal is stability, operating decisions are decentralized, and the owner makes decisions involving coordination between departments occasionally spending some time in strategic decisions. Finally, in the late stage the goal is to preserve market share and organizational efficiency, most activities are decentralized, and the owner spends more time making strategic decisions (Gersick et al., 1997; Headd & Kirchhoff, 2009; Ward, 1987,

Show More
Related
1336 Words | 6 Pages

Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within

Read More
303 Words | 2 Pages

The strengths of my personality type is that i'm decisive and see what needs to be done. Not many have the ability to remain resolute in conflict, leading the charge and being argumentative. These pretty much describes who I am as a person. I try to be a leader and see what needs to be done. I learn from experience and hands on actions.

Read More
1090 Words | 5 Pages

Furthermore, the company is increasingly appealing to customers and continues to maintain more than 90% of its members year to year. With the leadership at the helm of the company and their commitment to maintaining their competitive advantage, this remains an incredibly appealing business model. However, replicating this model would be incredibly challenging for small scale

Read More
750 Words | 3 Pages

1. Introduction 1.1 Overview of the company “UPS” United Parcel Service of North America, mainly known and brand-named as UPS was founded in 1907. In 1907, there was a big necessity in United States of America for personal messenger, delivery and transportation services. To accomplish this need a 19-year-old James E. Casey established the American Messenger Company in Seattle. In 1919 the company adopted its present name, United Parcel Service.

Read More
1510 Words | 7 Pages

Businesses often develop

Read More
1589 Words | 7 Pages

The Family Systems Theory Family systems theory is a framework for understanding families and their strengths and dysfunctions. The strengths identified among family relations can be used to help solve existing problems. The same applies with problems identified. The family system theory is based on Bowen’s theory which argues that people cannot leave independent of each other’s network of relationships. People within a family are connected emotionally, which affects their overall well being and social relations and behaviour.

Read More
1359 Words | 6 Pages

Family theories have been used throughout the history of nursing to help guide patient care and provide the best patient outcomes. Certain theories may be more applicable to the specific patient encounter; however, each theory has benefits and drawbacks to their use. The purpose of this paper is to examine two selected theories, comparing their strengths and weaknesses. I will also discuss a theoretical family in relation to one theory, and how that theory can be best integrated into the care provided by an Advanced Practice Nurse (APN). Description of Theories

Read More
1201 Words | 5 Pages

When a business survives the external factors such as competition, they fail to realize the significance of relationships. In the case of the Valle family, they had success in their meat processing business without any doubts. Although, in the beginning, the other siblings had neglected the role of managing and ownership of the business because they weren’t feeling secured after the founder, Francisco Sr, had passed away. Therefore, Francisco did not gain the respect of the shareholders (his siblings) immediately after the death of the founder of Vega

Read More
722 Words | 3 Pages

From this scenario, I have learned about systems theory as well as other psychological theories such attachment theory. Firstly, based on my research on “Family Systems Theory “(Murray B.) family systems theory suggest that an individual, in this case, Sinead, cannot be understood as an individual alone but instead as part of a family as a family is an emotional unit. Families in every aspect are systems of interdependent and interrelated individuals that cannot be understood if a single person is isolated and examined. Each member in the family, has a specific role to play and a set of rules in which they must follow. Maintaining a certain system in the family may lead to balance in the family but also to huge dysfunction.

Read More
1347 Words | 6 Pages

This might be because of the presence of the different types of personality in the team. Experts in the field of personality thinks that the individuals have stable and long terms traits which affects behaviours at work (Denissen et al, 2011; Gerber et al, 2011). Personality is an effective tool that predicts job performance (Ozer & Benet-Martinez, 2006; Schulman, 2011). Based on the Five-Factor Personality Model (Digman, 1990), the senior engineer seem to have an extravert personality. It states that extraverts have a tendency to be communicative, energetic, and enthusiastic (Goldberg, 1990; Watson & Clark, 1997).

Read More
2396 Words | 10 Pages

Introduction A famous film star, Katherine Hepburn once stated, “Death will be a great relief. No more interviews.” Even though Hepburn was probably interviewed too many times and asked many questions, most social workers must utilize the interview process to make assessments of their clients. An accurate assessment is critical and significant first step in the social work process.

Read More
1217 Words | 5 Pages

Introduction In this case study, it analyse how the concept of family has changed in the past 20 years as it will be depicting modern family forms and past norms. It is important to look at how families have developed throughout the years up until the 21st century as we compare the two and elaborate on the difference and what makes it so significant. In this case study, it contrast and compare the television series Modern family which is a 21st century concept of family and The Simpsons which was adapted 27 years ago and how things have changed with family dynamics and what is the norm now which was not the norm years ago.

Read More
911 Words | 4 Pages

The increased complexity of modern day organisations

Read More
1214 Words | 5 Pages

The Big Five Model of Personality categorizes traits in different dimensions such as Surgency, adjustment, conscientiousness, and openness to experience (Lussier, 2013). Based on the theory I will try to analyze some of the personality traits of Bill and Melinda Gates. First, the dimension which characterizes both of them is Surgency or in other words according to the Lussier Dominance. We can easily understand that Bill Gates is a person who wants to have the control in a situation and he wants every time to be in charge. When Bill was in an executive position at Microsoft has been create some meetings which as well known as ‘’Bill Meetings’’ where he presented his thoughts and he listened all of them trying to them challenges in order solve problems.

Read More
1080 Words | 5 Pages

Introduction Systems and Contingency theory recognizes that external factors as well as internal factors affect management. The Contingency theory is offered as an alternative to Open Systems theory as the foundation for improved organizational performance, since it can provide more precise conceptual variables. In addition, providing a way of distinguishing between organizations as well as situations faced by organizations (or the same organization over time) is an aspect systems and contingency theory focuses on. Systems theory and contingency theory therefore attempt at providing an understanding of how organizations ought to be structured. The following paper will discuss the systems theory and the contingency theory.

Read More

More about Family Business Theory

Related Topics

Open Document