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Sustainable Management in Longlived Family Businesses -

Sustainable Management in Longlived Family Businesses -. A Resource-based Analysis of Northern German Builder’s Providers Dissertation 2007 by Britta Boyd, International Institute of Management, University of Flensburg, Germany. Leading Questions:.

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Sustainable Management in Longlived Family Businesses -

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  1. Sustainable Management in Longlived Family Businesses - A Resource-based Analysis of Northern German Builder’s Providers Dissertation 2007 by Britta Boyd, International Institute of Management, University of Flensburg, Germany

  2. Leading Questions: • What special features can be shown in longlived family businesses? • Are longlived family businesses managed according to sustainability? • What lessons can other companies learn from longlived family businesses?

  3. Main Literature • Carlock/Ward (2001) Strategic Planning for the Family Business, NY. • Habbershon/ Williams (1999) A Resource-Based Framework for Assessing the Strategic Advantages of Family Firms, FBR Vol. 12/1. • Grant (1991) The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, CMR Vol. 33. • Hahn/Taylor (1999) Strategische Unternehmensplanung, Berlin. • Klein (2004) Familienunternehmen - Theoretische und empirische Grundlagen, Wiesbaden. • Löbel/Schröger/Closhen (2001) Nachhaltige Managementsysteme, Berlin. • Neubauer/Lank (1998) The Family Business: Its Governance for Sustainability, NY. • Nolte (1999) Organisation: Ressourcenorientierte Unternehmens-gestaltung, München. • Steinmann/Schreyögg (1997) Management: Grundlagen der Unternehmensführung, Wiesbaden.

  4. Terminology • Sustainable management: “A way to satisfy today’s economic, ecologic and social needs that also enables future generation to satisfy their needs” (Löbel, 2001) • Longlived family businesses: Family owned builder’s providers which are at least in the fourth generation

  5. Methodology • Resource-based view (Grant, 1991): Resource-based strategy analysis in a five-stages: 1. Identify firm’s resources 2. Identify firm’s capabilities 3. Appraise them to competitive advantages 4. Strategy selection 5. Identify resource gaps • Case Study Analysis: Qualitative research method to explain the motives and details of complex social phenomenons with multiple sources of evidence.

  6. Identifying FB Strategies

  7. Indicators of Sustainable Management • Economic indicators: patents, cooperations, turnover, equity ratio, use of profits, investments, number of employees • Ecologic indicators: waste disposal, rental mashines, renewable energy use, ecologic performance of products and company, product origin. • Social indicators: regional ties, employee structure, working conditions, qualification, customer and employee relationships, family meetings. • Long-term indicators: companies’ vision and philosophy, strategic goals, succession.

  8. Research Model and Hypotheses

  9. Summary of Case Study Results

  10. Resources of Sustainable Family Business Management

  11. Sustainable Management Concept for Family Businesses

  12. Contributions and Limitations • Case study results show, that the longlived family businesses act in a sustainable manner • The businesses should not be afraid of sustainability reports, which are becoming more and more important • To find an appropriate indicator, further research is needed in this field also for other branches • This and further research indicates that sustainable development as a worldwide socio-political goal is supported by family businesses

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