Kshama V. Kaushik and Kaushik Dutta
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780198072614
- eISBN:
- 9780199081592
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198072614.003.0003
- Subject:
- Economics and Finance, Economic History
This chapter highlights the economic contributions of Indian family businesses. It explains how before the onset of modern business entities, the operating structure of Indian business was almost ...
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This chapter highlights the economic contributions of Indian family businesses. It explains how before the onset of modern business entities, the operating structure of Indian business was almost exclusively that of a family enterprise and that the history of many older business families is closely linked to the nationalist or independence movement or as a reaction to British economic policies. It discusses the ability of Indian family businesses to adjust to the prevalent political dispensation and its impact on the business environment. It also describes the evolution of family businesses in India into giant global corporations and the growth of their influence over the economic well-being of the nation.Less
This chapter highlights the economic contributions of Indian family businesses. It explains how before the onset of modern business entities, the operating structure of Indian business was almost exclusively that of a family enterprise and that the history of many older business families is closely linked to the nationalist or independence movement or as a reaction to British economic policies. It discusses the ability of Indian family businesses to adjust to the prevalent political dispensation and its impact on the business environment. It also describes the evolution of family businesses in India into giant global corporations and the growth of their influence over the economic well-being of the nation.
Ramona K. Zachary, Edward G. Rogoff, and Ivory Phinisee
- Published in print:
- 2011
- Published Online:
- September 2011
- ISBN:
- 9780199580866
- eISBN:
- 9780191728716
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199580866.003.0004
- Subject:
- Business and Management, Innovation
This chapter focuses on the importance of the family context from which entrepreneurial behaviors emerge. The importance, role and definitions relative to families and entrepreneurship are explored ...
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This chapter focuses on the importance of the family context from which entrepreneurial behaviors emerge. The importance, role and definitions relative to families and entrepreneurship are explored and critiqued. Then, using data from twenty-eight countries participating in the GEM project in 2008, the chapter analyzes the stratify entrepreneurs in the sample into family entrepreneurs and non-family entrepreneurs and investigate differences in levels and characteristics between family and non-family entrepreneurship. Structural and systematic differences emerge. The exploratory study reveals that the family plays a very significant role in entrepreneurial activities, and that the family dimension of entrepreneurial behavior is a universal phenomenon with worldwide implications.Less
This chapter focuses on the importance of the family context from which entrepreneurial behaviors emerge. The importance, role and definitions relative to families and entrepreneurship are explored and critiqued. Then, using data from twenty-eight countries participating in the GEM project in 2008, the chapter analyzes the stratify entrepreneurs in the sample into family entrepreneurs and non-family entrepreneurs and investigate differences in levels and characteristics between family and non-family entrepreneurship. Structural and systematic differences emerge. The exploratory study reveals that the family plays a very significant role in entrepreneurial activities, and that the family dimension of entrepreneurial behavior is a universal phenomenon with worldwide implications.
charles Dellheim
- Published in print:
- 2004
- Published Online:
- September 2007
- ISBN:
- 9780199251902
- eISBN:
- 9780191719059
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199251902.003.0009
- Subject:
- Business and Management, Business History
This chapter focuses on the economic culture of Jews with particular emphasis on myths and practices. While steering clear of essentialist assumptions about intrinsic ‘racial traits’, it asks whether ...
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This chapter focuses on the economic culture of Jews with particular emphasis on myths and practices. While steering clear of essentialist assumptions about intrinsic ‘racial traits’, it asks whether there was, in fact, anything distinctive about the attitudes and activities of Jewish entrepreneurs. It examines ‘Shylock's shadow’, the scurrilous stereotypes that pictured Jews as greedy, materialistic, and acquisitive; the historical and sociological literature regarding Jewish economic behaviour; and the role of Jews in specific sectors of the American economy, notably in book publishing. It is argued that the Jewish experience in American business underlines the role of social marginality as an important source of innovation.Less
This chapter focuses on the economic culture of Jews with particular emphasis on myths and practices. While steering clear of essentialist assumptions about intrinsic ‘racial traits’, it asks whether there was, in fact, anything distinctive about the attitudes and activities of Jewish entrepreneurs. It examines ‘Shylock's shadow’, the scurrilous stereotypes that pictured Jews as greedy, materialistic, and acquisitive; the historical and sociological literature regarding Jewish economic behaviour; and the role of Jews in specific sectors of the American economy, notably in book publishing. It is argued that the Jewish experience in American business underlines the role of social marginality as an important source of innovation.
Hannah Barker
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780199299713
- eISBN:
- 9780191714955
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199299713.003.0005
- Subject:
- History, British and Irish Modern History
This chapter concerns women's involvement in different types of enterprise: principally family firms, but also as independent traders and in partnerships with others. Evidence from directories, court ...
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This chapter concerns women's involvement in different types of enterprise: principally family firms, but also as independent traders and in partnerships with others. Evidence from directories, court records, and correspondence suggests the variety of forms that female engagement with commerce could take, and the differing hierarchies within small businesses. It shows that women were not always subordinate to men, and that considerations of age, wealth, and skill could override those of gender.Less
This chapter concerns women's involvement in different types of enterprise: principally family firms, but also as independent traders and in partnerships with others. Evidence from directories, court records, and correspondence suggests the variety of forms that female engagement with commerce could take, and the differing hierarchies within small businesses. It shows that women were not always subordinate to men, and that considerations of age, wealth, and skill could override those of gender.
Hannah Barker
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780199299713
- eISBN:
- 9780191714955
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199299713.003.0006
- Subject:
- History, British and Irish Modern History
This chapter further explores women's involvement in different types of enterprise. It examines the issue of female power more closely, using legal documents to assess women's relationship to ...
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This chapter further explores women's involvement in different types of enterprise. It examines the issue of female power more closely, using legal documents to assess women's relationship to property and the law, and diaries and correspondence to judge the degree to which businesswomen could operate independently of their menfolk. A broad spectrum of experience is uncovered, with evidence of female agency as common as material describing their subjugation.Less
This chapter further explores women's involvement in different types of enterprise. It examines the issue of female power more closely, using legal documents to assess women's relationship to property and the law, and diaries and correspondence to judge the degree to which businesswomen could operate independently of their menfolk. A broad spectrum of experience is uncovered, with evidence of female agency as common as material describing their subjugation.
Ethel Brundin and Leif Melin
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199639724
- eISBN:
- 9780191738661
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199639724.003.0015
- Subject:
- Business and Management, Organization Studies
This chapter describes and discusses managerial practices and their implications for family-owned firms that are governed by the special family ownership logic. Applying a strategy as practice ...
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This chapter describes and discusses managerial practices and their implications for family-owned firms that are governed by the special family ownership logic. Applying a strategy as practice perspective, the study shows that strategy is formed in the day-to-day interaction between family firm owners and managers (family and non-family) in both formal and informal arenas. Such a perspective also involves the human aspect of managerial practices, and reveals that the emotions of strategic actors may have a significant effect on strategic outcomes. The study concludes that the emotional aspect of managerial practices is central in both the research of strategy work and to in its practice.Less
This chapter describes and discusses managerial practices and their implications for family-owned firms that are governed by the special family ownership logic. Applying a strategy as practice perspective, the study shows that strategy is formed in the day-to-day interaction between family firm owners and managers (family and non-family) in both formal and informal arenas. Such a perspective also involves the human aspect of managerial practices, and reveals that the emotions of strategic actors may have a significant effect on strategic outcomes. The study concludes that the emotional aspect of managerial practices is central in both the research of strategy work and to in its practice.
Julie Hardwick
- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780199558070
- eISBN:
- 9780191721038
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199558070.003.0001
- Subject:
- History, European Early Modern History
This chapter lays out the framework of the book. It discusses the demographics of the working families that are examined, and provides some background on the cities of Lyon and Nantes in which they ...
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This chapter lays out the framework of the book. It discusses the demographics of the working families that are examined, and provides some background on the cities of Lyon and Nantes in which they lived. It projects the arguments of the book and their relationship to existing scholarship in terms of the historiographies of working families, of litigation, of law, of state, of market and of family violence.Less
This chapter lays out the framework of the book. It discusses the demographics of the working families that are examined, and provides some background on the cities of Lyon and Nantes in which they lived. It projects the arguments of the book and their relationship to existing scholarship in terms of the historiographies of working families, of litigation, of law, of state, of market and of family violence.
Kshama Kaushik and Kaushik Dutta
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780198072614
- eISBN:
- 9780199081592
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198072614.001.0001
- Subject:
- Economics and Finance, Economic History
This book traces the evolution of business in India from the pre-British Raj days to look at the forces that have shaped Indian commerce and economy. It presents a well-rounded picture of the ...
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This book traces the evolution of business in India from the pre-British Raj days to look at the forces that have shaped Indian commerce and economy. It presents a well-rounded picture of the country's position in the global business scenario: from indigenous business and financial practices to the role of family business and state-owned public sector enterprises, the influence of global business on India, successful business practices of modern India, and the Indian story in modern times. Looking at the sustainability of the Indian dream, the narrative is supported by case studies of organizations like ITC Limited, ICI India Limited, HCL Limited, and Ranbaxy Laboratories Limited.Less
This book traces the evolution of business in India from the pre-British Raj days to look at the forces that have shaped Indian commerce and economy. It presents a well-rounded picture of the country's position in the global business scenario: from indigenous business and financial practices to the role of family business and state-owned public sector enterprises, the influence of global business on India, successful business practices of modern India, and the Indian story in modern times. Looking at the sustainability of the Indian dream, the narrative is supported by case studies of organizations like ITC Limited, ICI India Limited, HCL Limited, and Ranbaxy Laboratories Limited.
Ujithra Ponniah
- Published in print:
- 2019
- Published Online:
- August 2019
- ISBN:
- 9780199491070
- eISBN:
- 9780199097920
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780199491070.003.0008
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility, Culture
This chapter explores the social reproductive roles performed by elite ‘upper’-caste Aggarwal women in family businesses in Delhi. By focusing on women’s associational and familial roles in a South ...
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This chapter explores the social reproductive roles performed by elite ‘upper’-caste Aggarwal women in family businesses in Delhi. By focusing on women’s associational and familial roles in a South Delhi neighbourhood, three strategies of reproduction are discussed: first, forging inter-strata fictive kinship ties for caste cohesion through women’s ‘social work’; second, forging intra-strata fictive kinship ties for business opportunities through sustained interactions; and third, steering the individuating aspirations of children around marital choices for the unity of the joint family and business. These strategies of elite reproduction highlight the secularizing pulls on gender and caste in urban contexts, despite the dependence of family businesses on caste and family ties. Furthermore, by focusing on women in family businesses, this chapter shows that while they are not passive victims of caste patriarchy neither are they invisible in the male-centric family businesses.Less
This chapter explores the social reproductive roles performed by elite ‘upper’-caste Aggarwal women in family businesses in Delhi. By focusing on women’s associational and familial roles in a South Delhi neighbourhood, three strategies of reproduction are discussed: first, forging inter-strata fictive kinship ties for caste cohesion through women’s ‘social work’; second, forging intra-strata fictive kinship ties for business opportunities through sustained interactions; and third, steering the individuating aspirations of children around marital choices for the unity of the joint family and business. These strategies of elite reproduction highlight the secularizing pulls on gender and caste in urban contexts, despite the dependence of family businesses on caste and family ties. Furthermore, by focusing on women in family businesses, this chapter shows that while they are not passive victims of caste patriarchy neither are they invisible in the male-centric family businesses.
Harold James
- Published in print:
- 2012
- Published Online:
- October 2017
- ISBN:
- 9780691153407
- eISBN:
- 9781400841868
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691153407.003.0002
- Subject:
- History, European Modern History
This chapter looks at the beginnings of the Krupp company, which were built out of the substantial investments left behind by the founder Friedrich Krupp's grandmother, Helene Amalie ...
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This chapter looks at the beginnings of the Krupp company, which were built out of the substantial investments left behind by the founder Friedrich Krupp's grandmother, Helene Amalie Ascherfeld-Krupp. After her death, Friedrich almost immediately merged his own trading firm into that of his grandmother and liquidated them both in order to concentrate on specialty iron known as Gussstahl or Tiegelstahl (cast steel) production. The venture looked like, and was, a wild speculation, giving up a solid business legacy for something that rested on an arcane and uncertain new mode of fabrication. The chapter traces Krupp's business decisions from that point on, taking note of his partiality for “English steel” as well as the eventual decline of his business later in life.Less
This chapter looks at the beginnings of the Krupp company, which were built out of the substantial investments left behind by the founder Friedrich Krupp's grandmother, Helene Amalie Ascherfeld-Krupp. After her death, Friedrich almost immediately merged his own trading firm into that of his grandmother and liquidated them both in order to concentrate on specialty iron known as Gussstahl or Tiegelstahl (cast steel) production. The venture looked like, and was, a wild speculation, giving up a solid business legacy for something that rested on an arcane and uncertain new mode of fabrication. The chapter traces Krupp's business decisions from that point on, taking note of his partiality for “English steel” as well as the eventual decline of his business later in life.
Brian R. Cheffins
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780199236978
- eISBN:
- 9780191717260
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199236978.003.0003
- Subject:
- Law, Company and Commercial Law
Since the divorce of corporate ownership and control in the UK cannot be explained adequately by reference to theories already advanced, the book carries out a broader enquiry by reference to the ...
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Since the divorce of corporate ownership and control in the UK cannot be explained adequately by reference to theories already advanced, the book carries out a broader enquiry by reference to the ‘sell side’ and the ‘buy side’. This chapter introduces the reader to the sell side, which encompasses the factors that can motivate those owning large blocks of shares to exit or consent to dilution of their stake. These include a desire to benefit from diversification, the lack of a suitable successor, the erosion of profits due to market conditions or tax, a desire to raise capital to finance mergers, buoyant share prices, and erosion of private benefits of control by stock exchange regulation and dividend payments. Also, while blockholders theoretically are well-positioned to secure political favours for their companies, in Britain political advantages blockholders might have had were negligible.Less
Since the divorce of corporate ownership and control in the UK cannot be explained adequately by reference to theories already advanced, the book carries out a broader enquiry by reference to the ‘sell side’ and the ‘buy side’. This chapter introduces the reader to the sell side, which encompasses the factors that can motivate those owning large blocks of shares to exit or consent to dilution of their stake. These include a desire to benefit from diversification, the lack of a suitable successor, the erosion of profits due to market conditions or tax, a desire to raise capital to finance mergers, buoyant share prices, and erosion of private benefits of control by stock exchange regulation and dividend payments. Also, while blockholders theoretically are well-positioned to secure political favours for their companies, in Britain political advantages blockholders might have had were negligible.
Nigel Nicholson
- Published in print:
- 2014
- Published Online:
- May 2015
- ISBN:
- 9780226127156
- eISBN:
- 9780226127293
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226127293.003.0010
- Subject:
- Business and Management, Organization Studies
This chapter argues that scholarship on the family firm can benefit from evolutionary analysis and, moreover, that the family firm nicely illustrates the integrative capacity of evolutionary theory. ...
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This chapter argues that scholarship on the family firm can benefit from evolutionary analysis and, moreover, that the family firm nicely illustrates the integrative capacity of evolutionary theory. I describe how how co-evolutionary forces shape our social institutions and the fate of business forms. I examine the role of kinship in evolutionary theory and the nature and status of the family as a vehicle for reproductive fitness. I discuss the role of the family dynamics of cooperation and conflict, how they are manifest in family firms, and their patterns of adaptive and maladaptive form and function. This chapter illustrates both the integrative capacity of evolutionary theory and how family business is a microcosm through which issues about the co-evolution of social forms and processes can be viewed.Less
This chapter argues that scholarship on the family firm can benefit from evolutionary analysis and, moreover, that the family firm nicely illustrates the integrative capacity of evolutionary theory. I describe how how co-evolutionary forces shape our social institutions and the fate of business forms. I examine the role of kinship in evolutionary theory and the nature and status of the family as a vehicle for reproductive fitness. I discuss the role of the family dynamics of cooperation and conflict, how they are manifest in family firms, and their patterns of adaptive and maladaptive form and function. This chapter illustrates both the integrative capacity of evolutionary theory and how family business is a microcosm through which issues about the co-evolution of social forms and processes can be viewed.
Jeffrey Sonnenfeld
- Published in print:
- 1991
- Published Online:
- October 2011
- ISBN:
- 9780195065831
- eISBN:
- 9780199854899
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195065831.003.0010
- Subject:
- Business and Management, Knowledge Management
This chapter argues that the family business presents special challenges that further complicate the considerations of retiring leaders. The detailed case history the chapter illustrates here aims to ...
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This chapter argues that the family business presents special challenges that further complicate the considerations of retiring leaders. The detailed case history the chapter illustrates here aims to provide the reader with more insight into the drama and the complexity of roles involved in family business leadership succession. The case concerns a metal-parts manufacturer whose founder was struggling to make a new retirement plan following the untimely death of his eldest son. A fictional name of the firm and people involved are utilized by the chapter but the basic facts on the struggle on transition of succession are factual.Less
This chapter argues that the family business presents special challenges that further complicate the considerations of retiring leaders. The detailed case history the chapter illustrates here aims to provide the reader with more insight into the drama and the complexity of roles involved in family business leadership succession. The case concerns a metal-parts manufacturer whose founder was struggling to make a new retirement plan following the untimely death of his eldest son. A fictional name of the firm and people involved are utilized by the chapter but the basic facts on the struggle on transition of succession are factual.
Nora Rose Moosnick
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780813136219
- eISBN:
- 9780813136851
- Item type:
- chapter
- Publisher:
- University Press of Kentucky
- DOI:
- 10.5810/kentucky/9780813136219.003.0002
- Subject:
- History, Social History
This chapter is dedicated to multiplying the dimensions of the stories told. Characterizing this work as devoted to immigrants neglects the complicated relationship that Arabs and Jews have with the ...
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This chapter is dedicated to multiplying the dimensions of the stories told. Characterizing this work as devoted to immigrants neglects the complicated relationship that Arabs and Jews have with the Middle East as well as the fact that many of the people included in this work were not immigrants. Identities are also disorderly. Identifying as an Arab or Jew may have less to do with being religiously inclined and more to do with associating with the Middle East or being identified by non-Arabs and non-Jews as an Arab or Jew because of one's outward appearance or name. Voice is also intricate. While determined to uncover Arab and Jewish women's tales, often it is the men who do the talking because their mothers, aunts or grandmothers have passed away and are not here to tell their stories. Discrepancies also emerge in relation to the businesses with some businesses defining the women's and family's identities while for others it was a passing preoccupation.Less
This chapter is dedicated to multiplying the dimensions of the stories told. Characterizing this work as devoted to immigrants neglects the complicated relationship that Arabs and Jews have with the Middle East as well as the fact that many of the people included in this work were not immigrants. Identities are also disorderly. Identifying as an Arab or Jew may have less to do with being religiously inclined and more to do with associating with the Middle East or being identified by non-Arabs and non-Jews as an Arab or Jew because of one's outward appearance or name. Voice is also intricate. While determined to uncover Arab and Jewish women's tales, often it is the men who do the talking because their mothers, aunts or grandmothers have passed away and are not here to tell their stories. Discrepancies also emerge in relation to the businesses with some businesses defining the women's and family's identities while for others it was a passing preoccupation.
Edith Sparks
- Published in print:
- 2017
- Published Online:
- January 2018
- ISBN:
- 9781469633022
- eISBN:
- 9781469633046
- Item type:
- chapter
- Publisher:
- University of North Carolina Press
- DOI:
- 10.5149/northcarolina/9781469633022.003.0002
- Subject:
- History, American History: 20th Century
Tillie Lewis, Olive Ann Beech and Margaret Rudkin all provide examples of how successful mid-twentieth-century female entrepreneurs in large-scale manufacturing companies carved out a place for ...
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Tillie Lewis, Olive Ann Beech and Margaret Rudkin all provide examples of how successful mid-twentieth-century female entrepreneurs in large-scale manufacturing companies carved out a place for themselves at the top of the American business world by leveraging their relationships with the men in their personal and professional lives. The goal here is to understand the way in which this generation of women hampered by marriage bars, professionally crippling domestic expectations and lack of access to higher education, made the most of their relationships with male family members to plot their paths into business leadership and ownership. Access to social capital was particularly key for women breaking into the male-dominated manufacturing fields Lewis, Beech and Rudkin occupied, and male family members provided that connection. Privilege paved the way toward entrepreneurship and leadership for all three women too—another corollary of the ties they forged and leveraged through marriage.Less
Tillie Lewis, Olive Ann Beech and Margaret Rudkin all provide examples of how successful mid-twentieth-century female entrepreneurs in large-scale manufacturing companies carved out a place for themselves at the top of the American business world by leveraging their relationships with the men in their personal and professional lives. The goal here is to understand the way in which this generation of women hampered by marriage bars, professionally crippling domestic expectations and lack of access to higher education, made the most of their relationships with male family members to plot their paths into business leadership and ownership. Access to social capital was particularly key for women breaking into the male-dominated manufacturing fields Lewis, Beech and Rudkin occupied, and male family members provided that connection. Privilege paved the way toward entrepreneurship and leadership for all three women too—another corollary of the ties they forged and leveraged through marriage.
Lawrence A. Cunningham
- Published in print:
- 2014
- Published Online:
- November 2015
- ISBN:
- 9780231170048
- eISBN:
- 9780231538695
- Item type:
- chapter
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231170048.003.0006
- Subject:
- Business and Management, Strategy
This chapter examines the advantages and challenges of family businesses through the experiences of the following Berkshire companies: Nebraska Furniture Mart Inc., RC Willey Home Furnishings, Star ...
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This chapter examines the advantages and challenges of family businesses through the experiences of the following Berkshire companies: Nebraska Furniture Mart Inc., RC Willey Home Furnishings, Star Furniture Company, Helzberg Diamond Shops Inc., and Ben Bridge Jeweler Inc. Many families selling to Berkshire, such as the Tatelman brothers of Jordan’s Furniture, and the Bridge family, shared sales proceeds with their employees. Intangibles like these—partnership, generosity, fairness—glue family businesses together. Along with valuing soft factors, such as family identity and legacy, these traits help family firms prosper indefinitely, as founders go, second-generation siblings join, and third-generation cousins come to be co-managers. Berkshire seeks out family businesses whose members prize such qualities and offers them autonomy and permanence. The mutual payoff is a durable, multi-generational family business.Less
This chapter examines the advantages and challenges of family businesses through the experiences of the following Berkshire companies: Nebraska Furniture Mart Inc., RC Willey Home Furnishings, Star Furniture Company, Helzberg Diamond Shops Inc., and Ben Bridge Jeweler Inc. Many families selling to Berkshire, such as the Tatelman brothers of Jordan’s Furniture, and the Bridge family, shared sales proceeds with their employees. Intangibles like these—partnership, generosity, fairness—glue family businesses together. Along with valuing soft factors, such as family identity and legacy, these traits help family firms prosper indefinitely, as founders go, second-generation siblings join, and third-generation cousins come to be co-managers. Berkshire seeks out family businesses whose members prize such qualities and offers them autonomy and permanence. The mutual payoff is a durable, multi-generational family business.
Parks M. Coble
- Published in print:
- 2003
- Published Online:
- March 2012
- ISBN:
- 9780520232686
- eISBN:
- 9780520928299
- Item type:
- chapter
- Publisher:
- University of California Press
- DOI:
- 10.1525/california/9780520232686.003.0008
- Subject:
- History, Asian History
This chapter describes the experiences of the textile and consumer industries in China during the Sino-Japanese War. It suggests that while most firms were smaller than the Rong family business, they ...
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This chapter describes the experiences of the textile and consumer industries in China during the Sino-Japanese War. It suggests that while most firms were smaller than the Rong family business, they demonstrated some of the same patterns of the Rong experience. The chapter contends that the nature of Chinese business firms conditioned the response to war, and that most industrialists placed survival of the firm and the family ahead of abstract concepts of nationalism.Less
This chapter describes the experiences of the textile and consumer industries in China during the Sino-Japanese War. It suggests that while most firms were smaller than the Rong family business, they demonstrated some of the same patterns of the Rong experience. The chapter contends that the nature of Chinese business firms conditioned the response to war, and that most industrialists placed survival of the firm and the family ahead of abstract concepts of nationalism.
Tamara K. Hareven
- Published in print:
- 2003
- Published Online:
- March 2012
- ISBN:
- 9780520228177
- eISBN:
- 9780520935761
- Item type:
- chapter
- Publisher:
- University of California Press
- DOI:
- 10.1525/california/9780520228177.003.0002
- Subject:
- Sociology, Occupations, Professions, and Work
Nishijin cloth is considered informally a cultural property of Japan. The introduction of the jacquard, followed by the spread of the powerloom, revitalized Nishijin's industry and made it supreme in ...
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Nishijin cloth is considered informally a cultural property of Japan. The introduction of the jacquard, followed by the spread of the powerloom, revitalized Nishijin's industry and made it supreme in Japan. Following its recovery after the Korean War, Nishijin enjoyed a decade of prosperity until dwindling markets, resulting from the Oil Shock of the early 1970s, caused its continuing decline. The manufacturers have continued to maintain family businesses, but the larger family concerns have been incorporated into companies. Nishijin's system of production underwent several transformations in the late nineteenth and early twentieth centuries, following the introduction of the jacquard mechanism and the powerloom. Nishijin's decline has undermined the weavers' security more dramatically than that of the manufacturers. Many older people who have lived through recessions in Nishijin view the current one as the most serious and irreversible in their experience.Less
Nishijin cloth is considered informally a cultural property of Japan. The introduction of the jacquard, followed by the spread of the powerloom, revitalized Nishijin's industry and made it supreme in Japan. Following its recovery after the Korean War, Nishijin enjoyed a decade of prosperity until dwindling markets, resulting from the Oil Shock of the early 1970s, caused its continuing decline. The manufacturers have continued to maintain family businesses, but the larger family concerns have been incorporated into companies. Nishijin's system of production underwent several transformations in the late nineteenth and early twentieth centuries, following the introduction of the jacquard mechanism and the powerloom. Nishijin's decline has undermined the weavers' security more dramatically than that of the manufacturers. Many older people who have lived through recessions in Nishijin view the current one as the most serious and irreversible in their experience.
Jay Gitlin
- Published in print:
- 2009
- Published Online:
- October 2013
- ISBN:
- 9780300101188
- eISBN:
- 9780300155761
- Item type:
- chapter
- Publisher:
- Yale University Press
- DOI:
- 10.12987/yale/9780300101188.003.0007
- Subject:
- History, Social History
Kinship ties were important to the French of the Creole Corridor. Creole merchant capitalists, as a primarily urban group with commercial aspirations and genteel cultural practices, valued continuity ...
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Kinship ties were important to the French of the Creole Corridor. Creole merchant capitalists, as a primarily urban group with commercial aspirations and genteel cultural practices, valued continuity and reputation more than spontaneity and democracy. The historiography of the fur trade demonstrates the difficulty of finding an appropriate framework in which to place the activities of these Creole merchants. This chapter examines the expansion of the Chouteau family businesses and the family itself over three generations, focusing on family structure and marriage strategy over time. It looks at the education or apprenticeship of younger family members and the problem of continuity, the problem of profligate sons and the stress arising from such a close relationship between family and business, and the role of women within the family. Finally, the chapter suggests how focusing on families on the frontier can alter our traditional view of western expansion.Less
Kinship ties were important to the French of the Creole Corridor. Creole merchant capitalists, as a primarily urban group with commercial aspirations and genteel cultural practices, valued continuity and reputation more than spontaneity and democracy. The historiography of the fur trade demonstrates the difficulty of finding an appropriate framework in which to place the activities of these Creole merchants. This chapter examines the expansion of the Chouteau family businesses and the family itself over three generations, focusing on family structure and marriage strategy over time. It looks at the education or apprenticeship of younger family members and the problem of continuity, the problem of profligate sons and the stress arising from such a close relationship between family and business, and the role of women within the family. Finally, the chapter suggests how focusing on families on the frontier can alter our traditional view of western expansion.
Nora Rose Moosnick
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780813136219
- eISBN:
- 9780813136851
- Item type:
- book
- Publisher:
- University Press of Kentucky
- DOI:
- 10.5810/kentucky/9780813136219.001.0001
- Subject:
- History, Social History
Arabs and Jews are thought to inhabit the Middle East or urban areas in the United States, not Kentucky or other out of the way locales. Arab and Jewish Women in Kentucky: Stories of Accommodation ...
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Arabs and Jews are thought to inhabit the Middle East or urban areas in the United States, not Kentucky or other out of the way locales. Arab and Jewish Women in Kentucky: Stories of Accommodation and Audacity explores the untold accounts of ten Arab and Jewish women who managed in the past and currently their unique identities tending to both their religious/ethnic traditions and acculturating to Kentucky ways. In the details of women's stories, ties between Arabs and Jews not in the Middle East, but middle America, emerge. Common ground surfaces displaying Arab and Jewish women with similar tales of women openly and publicly serving their communities, of mother-daughter relations, of the agility necessitated to work, mother, and be an active community member, and of what it meant to be an Arab and Jewish mother nearly a century ago. Associations materialize in the women's tales, underscoring that lives evolve relationally between generations, mothers and daughters, mothers and sons, aunts and nephews, grandmothers and granddaughters, and within and between communities. Narratives about immigrant groups becoming American traditionally spotlight one group at a time, and not in correspondence to other groups. Through the lens of women's lives, the relational links between Arabs and Jews, individuals and communities, and generations become apparent.Less
Arabs and Jews are thought to inhabit the Middle East or urban areas in the United States, not Kentucky or other out of the way locales. Arab and Jewish Women in Kentucky: Stories of Accommodation and Audacity explores the untold accounts of ten Arab and Jewish women who managed in the past and currently their unique identities tending to both their religious/ethnic traditions and acculturating to Kentucky ways. In the details of women's stories, ties between Arabs and Jews not in the Middle East, but middle America, emerge. Common ground surfaces displaying Arab and Jewish women with similar tales of women openly and publicly serving their communities, of mother-daughter relations, of the agility necessitated to work, mother, and be an active community member, and of what it meant to be an Arab and Jewish mother nearly a century ago. Associations materialize in the women's tales, underscoring that lives evolve relationally between generations, mothers and daughters, mothers and sons, aunts and nephews, grandmothers and granddaughters, and within and between communities. Narratives about immigrant groups becoming American traditionally spotlight one group at a time, and not in correspondence to other groups. Through the lens of women's lives, the relational links between Arabs and Jews, individuals and communities, and generations become apparent.
