SURVIVING THE BUSINESS IN THE LONG RUN: A STUDY OF FAMILY ORIENTED SMEs IN DEVELOPING ECONOMIES

Ravindra Hewa Kuruppuge () and Aleš Gregar ()
Additional contact information
Ravindra Hewa Kuruppuge: Faculty of Management and Economics, Tomas Bata University in Zlin
Aleš Gregar: Faculty of Management and Economics, Tomas Bata University in Zlin

CBU International Conference Proceedings, 2017, vol. 5, issue 0, 168-171

Abstract: Whilst the majority of family oriented SMEs are suffering from survival problems in the long term, some businesses perform successfully over generations. This article explores the emerging themes which are related to the business longevity of family oriented SMEs in Sri Lanka. Addressing a lack of knowledge in the area, our strategy of enquiry used a qualitative approach coupled with semi-structured interviews; 17 owner-managers of family‑oriented SMEs were interviewed and the results were subsequently transcribed for the analyses. The results indicated that the founders’ tacit knowledge of producing goods or services, consequently transferred to heirs in family oriented SMEs, drive the survival of businesses for longer periods in Sri Lanka.

Keywords: Business longevity SMEstacit knowledge; family business (search for similar items in EconPapers)
JEL-codes: M10 M21 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ojs.journals.cz/index.php/CBUIC/article/view/919/1550 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:5:y:2017:i:0:p:168-171

DOI: 10.12955/cbup.v5.919

Access Statistics for this article

More articles in CBU International Conference Proceedings from ISE Research Institute
Bibliographic data for series maintained by Petr Hájek ().