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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 52 Documents
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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.
The Characteristics Elements of Being a Superstar : A Study of Entertaintment Industry Yefta Christian
International Journal of Family Business Practices Vol 6, No 1 (2023)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v6i1.4423

Abstract

Introduction/Main Objectives: This study examines the characteristics of superstars in the entertainment industry in Indonesia, using the Korean entertainment industry as a reference for success. Background Problems: The motivation behind the study was to identify problems in the Indonesian entertainment industry and provide solutions for its development, as well as to improve its competitiveness with other countries. Novelty: The researchers used various sources to support their study and found ways to improve the Indonesian entertainment industry. Through interviews, the researchers identified complaints about the industry and realized the importance of government support and community involvement in enhancing its quality. Research Methods: The study employs a qualitative method, collecting data through interviews. Finding/Results: The researchers found that 50% of the participants were K-pop fans and 50% were not, and 85% of interviewees agreed that the Indonesian entertainment industry needed to address its problems and follow steps similar to those taken by Korea. Conclusion: Some limitations of the study included inappropriate sampling selection and a lack of balance in selecting participants. The researchers recommended that future studies be more precise in selecting participants and obtain data from professionals in the entertainment industry. Overall, the study provides insight into the challenges faced by the Indonesian entertainment industry and offers suggestions for its improvement.
The Succession Factor of Family Business: The Perspective of Successor Agus Fernando; Dedi Kurniawan; Dani Lukman Hakim
International Journal of Family Business Practices Vol 6, No 1 (2023)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v6i1.4496

Abstract

Family businesses play a significant role in the global economy, accounting for over 61.25 % of the Gross Domestic Product. However, the survival rate beyond the third generation is only less than 10 %, highlighting the importance of successful succession for sustainable business. While previous research has identified various factors contributing to successful succession in family businesses, there has been limited focus on the perspectives of the successors themselves. This study aimed to examine factors related to successor readiness and explore challenges and success factors during the succession process from the viewpoint of family business successors. The research was conducted in Indonesia, involving seventyt successors from small and medium-sized family businesses in such as craft, retail, food and drink, and garment/fashion. The findings revealed the factors that contribute to successor readiness, including experience working in a different company, experience working in a family-owned company, specialized knowledge in the industry, industry-specific knowledge, individual preferences or personal necessities in working for the family business, dedication and loyalty to the company, financial incentives or monetary rewards, harmonious family dynamics, interpersonal relationships among family members, and trust in the successor's competence. Addressing these factors appropriately, both by the predecessors and the successors, will ensure the continuity of the family business into the future.
ENTREPRENEURIAL PASSION, FAMILY BACKGROUND AND PERCEIVED UNIVERSITY SUPPORT ON CHINESE STUDENTS’ INTENTION AS ENTREPRENEUR Xie Haozhe; Genoveva Genoveva
International Journal of Family Business Practices Vol 6, No 1 (2023)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v6i1.4450

Abstract

This study aims to investigate the reasons for the low entrepreneurial intention of college students in China. Currently, with China's low employment rate, entrepreneurship is one of the effective ways to increase employment. Although the government has introduced various entrepreneurship programs and initiatives, the effect is still not enough. The purpose of this research is to identify the factors affecting Chinese college students' entrepreneurial intention by studying the effects of entrepreneurial passion, family background, and perceived university support on entrepreneurial intention, and to propose effective suggestions to encourage more college students to start businesses. In this study, 131 valid data were finally collected through a survey of university students in different regions of China. And through the use of multiple regression and other questionnaire survey methods to analyze the questionnaire data. The research design will use a quantitative approach and use appropriate statistical methods to collect and analyze data. The results show that entrepreneurial interest, family background, and perceived university support have a significant effect on entrepreneurial intention. This study also found that all independent variables can affect entrepreneurial intention simultaneously. The implications of this study extend to various stakeholders, including universities, government, society, and families. The findings from this study will inform and support the development of targeted initiatives. To enhance Chinese university students' entrepreneurial intentions.
Four -Fold Function Implementation and Organizational Climate of The State University In Capiz ROSELYN PRECIOSA CABANTUD
International Journal of Family Business Practices Vol 6, No 1 (2023)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v6i1.4238

Abstract

This study aimed to determine the extent of the four-fold function implementation and the degree of organizational climate of the State University in Capiz for the academic year 2022-2023. The study used a mixed-method research design. A quantitative and qualitative approach was employed in gathering the data from randomly selected respondents. A total of two hundred twenty-two (222) teaching staff and school heads were for quantitative data and fifteen (15) parents for the qualitative data. Statistical tools used to analyze quantitative data were frequency count, percentage, mean, t – test, Analysis of Variance and Spearman rank correlation analysis. Qualitative data were being analyzed and interpreted using the seven stages of conducting in-depth interviews: thematizing, designing, interviewing, transcribing, analyzing, verifying, and reporting. The findings of the study revealed that the four-fold functions implementation and organization climate of the State University in Capiz were to a high extent. The extent of the four-fold function implementation of the State University in Capiz was the same regardless of highest educational attainment, type of employment, number of years in service, and monthly income of teaching staff and school heads. The degree of organizational climate at the State University varies based on the employment status of the respondents, and there is a significant relationship between the extent of four-fold function implementation and organizational climate at the University in Capiz. It is recommended to conduct a study on the impact of digital transformation on organizational culture. Furthermore, other variables, research designs, and approaches should be considered to widen the scope of the research.
PROGRAM IMPLEMENTATION AND COMPETENCE OF STUDENTS OF TECHNICAL VOCATIONAL AND LIVELIHOOD (TVL) TRACK Loriene Yrac Garra
International Journal of Family Business Practices Vol 6, No 1 (2023)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v6i1.4306

Abstract

This study was conducted to determine the extent of TVL program implementation and the level of competence of Grade 12 students in the province of Capiz. A mixed-method research design employing quantitative and qualitative approaches in gathering data was used. A random sample of 754 Grade 12 TVL students from public and private schools was chosen as respondents of the study. For quantitative, the researcher utilized a descriptive-correlational. Proportionate random sampling was employed to determine the number of respondents per school. A researcher-made questionnaire and in-depth interviews were used to gather the data. Statistical tools used to analyze and interpret data were frequency count, percentage, mean, t-test, f-test, Analysis of Variance, and Pearson-r. For qualitative, an in-depth interview was conducted. The study revealed that the extent of TVL program implementation in the province of Capiz was high as a whole and in terms of teacher and instruction, facility and equipment, and work immersion preparedness. Also, the level of competence of Grade 12 students as a whole and in terms of knowledge, skills, and attitude was high. There were no significant differences found in the extent of TVL program implementation and the level of competence of Grade 12 students when grouped according to their selected profiles. Lastly, there was a significant relationship between the extent of TVL program implementation and the level of competence of Grade 12 students in the province of Capiz.
Emotional and Cognitive Drivers of Repurchase Intention in A Family-Owned Bakery Business Simamora, Damerina; Fernando, Agus
International Journal of Family Business Practices Vol 8, No 1 (2025)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v8i1.6230

Abstract

Introduction/Main Objectives: This study explores the factors influencing repurchase intention in a family-owned bakery, Roti Ganda, by examining how food quality, price perception, brand trust, and brand love affect customer satisfaction and loyalty. In the context of Indonesia’s growing SME sector, understanding the emotional and rational drivers of customer behavior is crucial for sustaining competitive advantage. Background Problems: This study addresses the decline in repeat purchases at Roti Ganda by analyzing how customer perceptions and emotions shape repurchase intentions. Novelty: While prior research has independently examined rational or emotional factors, this study uniquely integrates both within a single model, highlighting customer satisfaction’s mediating role. Research Methods: A quantitative, cross-sectional survey was conducted with 414 Roti Ganda customers using validated Likert-scale instruments. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to test seven hypotheses. Finding/Results: Results show that food quality, price perception, and brand love significantly influence customer satisfaction and repurchase intention. Surprisingly, brand trust did not have a direct effect. Customer satisfaction fully mediates the relationship between product and emotional attributes and loyalty. Conclusion: Family businesses should prioritize product quality and emotional connection to enhance loyalty. Brand trust alone is insufficient without operational consistency. This study provides theoretical insight into emotional–cognitive integration and practical strategies for family-run food enterprises.
Utilising Oyster-Mushroom Baglog Waste via Vermiculture: A Circular-Economy Business Potential Study in Small-Scale Oyster Mushroom Businesses in Cikarang Satwhikawara, Rachmi
International Journal of Family Business Practices Vol 8, No 1 (2025)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v8i1.6220

Abstract

From Satisfaction to Loyalty: A Study of Consumer Behavior in a Trendy Spicy Noodle Outlet Fernando, Ph.D., Agus
International Journal of Family Business Practices Vol 8, No 1 (2025)
Publisher : Faculty of Business, President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ijfbp.v8i1.6229

Abstract

Introduction/Main Objectives: This study examines the factors influencing customer satisfaction and loyalty in a popular spicy noodle restaurant chain in Indonesia. The research focuses on how food quality, perceived value, and pricing affect customer experiences in the competitive quick-service restaurant industry.Background Problems: Despite the chain's rapid expansion, concerns about food quality consistency, hygiene standards, and perceived value have emerged as potential threats to customer retention. This study aims to identify which factors most significantly impact satisfaction and subsequent behavioral intentions.Novelty: This research provides unique insights into consumer behavior in Indonesia's growing quick-service noodle sector, employing an integrated model that connects product attributes with post-purchase behaviors like word-of-mouth and revisit intentions.Research Methods: Using a quantitative approach, data was collected from 237 customers through structured questionnaires. Structural Equation Modeling (SEM) was employed to analyze the relationships between food quality, perceived value, price, satisfaction, word-of-mouth, and revisit intentions.Finding/Results: The analysis reveals that while price significantly affects satisfaction, food quality shows limited impact. Customer satisfaction strongly influences both word-of-mouth recommendations and revisit intentions, with word-of-mouth serving as a key mediator in driving customer loyalty.Conclusion: The findings suggest that restaurant operators should prioritize value perception and pricing strategies over mere food quality improvements. Enhancing overall customer satisfaction appears crucial for generating positive word-of-mouth and encouraging repeat visits in the competitive noodle restaurant market.

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