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IJFBP International Journal of Family Business Practices
Published by President University
ISSN : 26217325     EISSN : 26217333     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The International Journal of Family Business Practices (IJFBP) is open access and biannual double-blind peer-reviewed journal. Numerous family enterprises are based around the legend of an entrepreneurial founder who has stood firm in the face of difficulties. The IJFBP widens the scope to look beyond this interrelationship by exploring the creation of family business, which includes the entrepreneurial tenets, mindset, and processes of the family business and its transgenerational sustainability. The scope of the journal covers various sectors including (but is not limited to), retail, tourism, wealth planning, digital business, among others. All the articles published in English. Submissions are open year-round. Before submitting, please ensure that the manuscript is written in English to comply with the focus and scope of IJFBP and follows the guidelines and templates of authors.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol 5, No 2 (2022)" : 5 Documents clear
Managing Virtual Teams: A Qualitative Study at Universitas Triatma Mulya Stenden Bali ERNA ZULAENI WILES; I Made Bayu Wisnawa; Mark de Jong
International Journal of Family Business Practices Vol 5, No 2 (2022)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v5i2.3717

Abstract

The covid-19 pandemic and the social distancing policy forced Universitas Triatma Mulya Stenden Bali (UTMS) to switch from the conventional team (CT) to a virtual team (VT). The stakeholders were not ready, and references as guidance were nowhere to be found as VT was still new in Indonesia. Once conducted, however, students’ assignments were surprisingly high quality. Students’ evaluations of their education have been higher and more positive. This study was conducted to explore aspects, factors, benefits, challenges, and human resource management (HRM), and to provide recommendations to higher education institutions on how to run a VT. This qualitative research is descriptive-explorative in nature. Interviews were conducted with the Module Coordinators of UTMS, who have experience in conducting CT and VT. Findings show that 1) students are stakeholders, 2) due to its flexibility, efficiency, effectiveness, and profitability, a hybrid team (HT) is considered to be the most ideal and best option for the future, 3) the aspects, the factors and the challenges can be classified into the technology, the people, and the process, aside from leadership, trust, company culture and cultural intelligence, 4) The key success factors of HRM are the sophistication of the technology, class management and virtual presentation skills. To ensure the success of HT, it is recommended that higher education institutions should 1) recruit only experts in the industry, 2) create clear SOPs, 3) provide the right infrastructure and technology, 4) provide training and development programs, 5) give regular 3600 feedback and feedforward, and 6) provide non-financial rewards.
Local restaurant business performance during pandemic covid-19: a case of Nias Island, Indonesia Anggraeni Permatasari; Apta Lentani Zebua
International Journal of Family Business Practices Vol 5, No 2 (2022)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v5i2.3481

Abstract

The purpose of this study is to encourage entrepreneurs who are motivated to make deliberate decisions to follow their dreams. This study aims to determine the factors that motivate and hinder restaurant entrepreneurs from maintaining their businesses during the Covid-19 pandemic. This study used a qualitative method with a single case study approach. Data were collected through interviews and observations. This study involved five informants who owned a pork restaurant business in Nias Island, Indonesia. The data analysis was performed using the GIOIA method. The results showed that three factors motivated entrepreneurs to keep running their businesses during the pandemic: socio-economic factors, self-fulfillment and family business longevity, and customer trust and loyalty. The findings also revealed barriers related to the sustainability of pork restaurants in the local area. This study identified four main barriers during the Covid-19 pandemic such: decreasing number of customers, scarcity of raw materials, lack of knowledge in business strategy, and limitations in fund resources. This study develops a solution to sustain pork restaurants in local areas during pandemic
ANSWERING TO THE CALLS OF DIGITIZATION: THE CRUCIAL ROLE OF ENTREPRENEURIAL AGILITY Tuti Asmala; Ahmad Johan; M Dana Prihadi
International Journal of Family Business Practices Vol 5, No 2 (2022)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v5i2.3830

Abstract

Introduction/Main Objectives: The purpose of this study is to examine the mediating role of entrepreneurial agility in the relationship between digital platform capability and business model innovation adoption, while also considering the moderating role of technology opportunism and environmental dynamism. Background Problems: Digitization currently influences every aspect of individual, including the way they carry out business. Therefore, it is important to understand the way firms respond to this condition while conducting their business. Novelty: This study addresses how the business model innovation adoption can be more advanced and supported by digital platform capability by considering various conditions to deal with changes in technology and the environment, including entrepreneurial agility, environmental dynamism, and technology opportunism. Research Methods: This study is carried out using quantitative approach by distributing questionnaire to the owners or managers of creative MSMEs in Bandung, West Java. The respondents are chosen using purposive sampling method, with the number of samples of 120 respondents. The data is then analyzed with Structural Equation Modeling with AMOS 3.0. Finding/Results: Digital platform capability has a positive influence on entrepreneurial agility, which has a positive influence on business model innovation adoption. Entrepreneurial agility mediates the relationship between digital platform capability on business model innovation adoption, and this relationship is moderated by technology opportunism and environmental dynamism. Conclusion: This study highlights the importance of digital platform capability for firms, as it can lead them to have entrepreneurial agility, and ultimately carry out business model innovation adoption.
SMALL DOESN'T MEAN CAN'T SURVIVE : MICRO SMALL AND MEDIUM FAMILY BUSINESS SUCCESSION STRATEGY chusnul rofiah
International Journal of Family Business Practices Vol 5, No 2 (2022)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v5i2.3889

Abstract

Many family-owned companies at the micro, small and medium level have failed to plan for succession in business (Voithofer & Mandl, 2004). It is very different from family business continuity succession planning in large companies compared to micro, small and medium businesses even though the business is unique and creative. In large companies, the selection of successors is much wider than that of family owned micro, small and medium enterprises because candidates in family business are only for family members (Tatoglu et al., 2008). reveals a family business succession planning strategy with a phenomenological approach. The findings of this study provide a valuable understanding of family business in the selected factors: (1) The importance of the level of heir preparation and the relationship between family and business members on business performance, (2) Family business becomes a strategy for growth, increasing competitiveness in the business world , (3) Successor skills are the most important factor in successor selection and positive effect on family business performance, (4) Successors are asked to join the family business, (5) Founders and predecessors, build self-confidence, promote positive attitudes and facilitate the transition process, (6) Succession planning, consistency in high-quality communication is required for adequate business exploration and addressing all issues. Based on this research, family companies emphasize the awareness of the importance of succession planning in their business, especially in relation to performance, efficiency and sustainability. This phenomenon will help increase income, productivity and help MSMEs, in terms of finance, and facilitate the regeneration of family businesses.
Internationalization of Small and Medium-Sized Family Businesses During Crisis Time : A network approach Agus Fernando
International Journal of Family Business Practices Vol 5, No 2 (2022)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v5i2.4029

Abstract

Network involvement and attitude factors influence the process of internationalization of small and medium family businesses. It is necessary to develop an operational and predictable framework to explain it in the era of globalization, which has an impact on small and medium enterprises, especially family businesses. This study offers a model consisting of network factors, attitudes, and global crises as factors that influence the level of the process of internationalization of small and medium family businesses. The findings from this study indicate that managerial attitude factors, namely trust relationships, market orientation, and international entrepreneurial orientation, are very important for the internationalization process. The global crisis, which is indicated by the existence of economic turbulence, increases during the crisis, but in the high turbulence group, it indicates that the influence of network involvement will also be stronger in the process of internationalization of small and medium family businesses. The findings of this study also have practical implications for family businesses, government organizations, and educational institutions.

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