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An insight of family business competitive resources: The role of social capital resources in family business growth and survival

This paper offers few focus points by sighting the resources reserves exclusively available for family businesses (FBs); namely, social capital resources which include family prominence, family enrichment, and family continuity using the lens of resource-based view theory (RBV). The aim is to look i...

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Main Authors: Syed Amjad Hussain, Jakaria Dasan
Format: Proceedings
Language:English
English
Published: Faculty of Business, Economics and Accountancy 2021
Subjects:
HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture
HD62.2-62.8 Management of special enterprises
Online Access:https://eprints.ums.edu.my/id/eprint/32248/1/An%20insight%20of%20family%20business%20competitive%20resources%2C%20The%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/32248/2/An%20insight%20of%20family%20business%20competitive%20resources%2C%20the%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.pdf
https://eprints.ums.edu.my/id/eprint/32248/
https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf
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spelling my.ums.eprints.322482022-04-18T00:08:57Z https://eprints.ums.edu.my/id/eprint/32248/ An insight of family business competitive resources: The role of social capital resources in family business growth and survival Syed Amjad Hussain Jakaria Dasan HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture HD62.2-62.8 Management of special enterprises This paper offers few focus points by sighting the resources reserves exclusively available for family businesses (FBs); namely, social capital resources which include family prominence, family enrichment, and family continuity using the lens of resource-based view theory (RBV). The aim is to look into the impact of these resources on business performance, which is exclusively available to family firms considering the role of innovativeness. It is observed that most of the family businesses are failing during the transitional phase from one generation to the next. Only 12% make it to that distance, and the numbers getting past four generations before dropping to as short as 3%. The literature review focused on the exclusive resources held by the family businesses. Some of these become the compulsory part of business resource reserves and therefore firms need to learn to live with them considering their economic and non-economic benefits. The literature gap in FBs and RBV pointed that not all the firm’s resources provide economic contribution even if they are part of business resource reserves. Family firms’ decision-makers must consider the economic contribution of a particular resource when acquiring or developing its resource reserves to survive and grow. Faculty of Business, Economics and Accountancy 2021 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/32248/1/An%20insight%20of%20family%20business%20competitive%20resources%2C%20The%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/32248/2/An%20insight%20of%20family%20business%20competitive%20resources%2C%20the%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.pdf Syed Amjad Hussain and Jakaria Dasan (2021) An insight of family business competitive resources: The role of social capital resources in family business growth and survival. https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture
HD62.2-62.8 Management of special enterprises
spellingShingle HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture
HD62.2-62.8 Management of special enterprises
Syed Amjad Hussain
Jakaria Dasan
An insight of family business competitive resources: The role of social capital resources in family business growth and survival
description This paper offers few focus points by sighting the resources reserves exclusively available for family businesses (FBs); namely, social capital resources which include family prominence, family enrichment, and family continuity using the lens of resource-based view theory (RBV). The aim is to look into the impact of these resources on business performance, which is exclusively available to family firms considering the role of innovativeness. It is observed that most of the family businesses are failing during the transitional phase from one generation to the next. Only 12% make it to that distance, and the numbers getting past four generations before dropping to as short as 3%. The literature review focused on the exclusive resources held by the family businesses. Some of these become the compulsory part of business resource reserves and therefore firms need to learn to live with them considering their economic and non-economic benefits. The literature gap in FBs and RBV pointed that not all the firm’s resources provide economic contribution even if they are part of business resource reserves. Family firms’ decision-makers must consider the economic contribution of a particular resource when acquiring or developing its resource reserves to survive and grow.
format Proceedings
author Syed Amjad Hussain
Jakaria Dasan
author_facet Syed Amjad Hussain
Jakaria Dasan
author_sort Syed Amjad Hussain
title An insight of family business competitive resources: The role of social capital resources in family business growth and survival
title_short An insight of family business competitive resources: The role of social capital resources in family business growth and survival
title_full An insight of family business competitive resources: The role of social capital resources in family business growth and survival
title_fullStr An insight of family business competitive resources: The role of social capital resources in family business growth and survival
title_full_unstemmed An insight of family business competitive resources: The role of social capital resources in family business growth and survival
title_sort insight of family business competitive resources: the role of social capital resources in family business growth and survival
publisher Faculty of Business, Economics and Accountancy
publishDate 2021
url https://eprints.ums.edu.my/id/eprint/32248/1/An%20insight%20of%20family%20business%20competitive%20resources%2C%20The%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/32248/2/An%20insight%20of%20family%20business%20competitive%20resources%2C%20the%20role%20of%20social%20capital%20resources%20in%20family%20business%20growth%20and%20survival.pdf
https://eprints.ums.edu.my/id/eprint/32248/
https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf
_version_ 1760231000585011200
score 13.211869

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