Family businesses: A diagnosis and self therapy model
Kerstin Siakas (),
Spyros Vassiliadis and
Additional contact information
Kerstin Siakas: Alexander Technological Educational Institute of Thessaloniki, Department of Informatics, P. O. Box 141, GR-57400 Thessaloniki, Greece
Spyros Vassiliadis: Alexander Technological Educational Institute of Thessaloniki, Department of Informatics, P. O. Box 141, GR-57400 Thessaloniki, Greece
Errikos Siakas: Alexander Technological Educational Institute of Thessaloniki, Department of Informatics, P. O. Box 141, GR-57400 Thessaloniki, Greece
International Journal of Entrepreneurial Knowledge, 2014, vol. 2, issue 1, pages 28-44
Family businesses are complex systems which require good strategy, leadership, and committed personnel in order to thrive. Compared to other businesses family businesses are characterized by two dynamic and sometimes conflicting reference systems, the family (the emotional) and the company (the professional). Succession is mentioned in the literature as one of the four main categories of problems, along with problems of strategy, of the conflicts that can arise between family members and the problems of the daily management. The management of conflict and communication frequently determine the effectiveness of the family business.The “Family Business in the New Economy: How to Survive and Develop” (FAMBUS) project aims to develop a model for diagnosis and self-therapy (diagnostics – therapy, including conflict resolution, modernization, adoption to environment, to globalization etc.). The model aims to promoting healthy personal relationships and building high performing teams, as well as to serve as an outside resource that brings objectivity and direction to a certain situation in family businesses. It may unfold unfinished or unspoken issues and help the family business members to work toward their own unique solutions. The creation of the model is based on the results of the quantitative study (a survey comprising a structured questionnaire completed by 200 Finnish and Greek family businesses) and qualitative study (Personal site visits and interviews comprising 20 interviews in both Finland and Greece) for obtaining deeper understanding of the research problem and to support the design of the diagnosis and self-therapy model. The most important contribution of this work is anticipated to be the novel family business diagnosis and self-therapy model and subsequent electronic tool in three languages, English, Finnish and Greek, for identification of potential problem areas and potential activities for their solutions. The aim of the model is to aid family businesses to avoid difficulties at an early stage and to serve as a self-therapy model.
Keywords: Family Businesses; Diagnosis and Self Therapy Model; Sustainable development; the FAMBUS project; Greece; Finland (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://ijek.org/files/IJEK_1-2014v2/ijek_1-2014,v. ... adis,s.siakas,e..pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:jek:journl:v:2:y:2014:i:1:p:28-44
Access Statistics for this article
International Journal of Entrepreneurial Knowledge is currently edited by Aleksandr Kljucnikov
More articles in International Journal of Entrepreneurial Knowledge from VSP Ostrava, a. s. Contact information at EDIRC.
Series data maintained by Aleksandr Kljucnikov ().