• Title/Summary/Keyword: Family Business

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Theoretical Approach to the Home-Based Business for Using the Family Resourses (가족 자원 활용을 위한 재택사업(Home-Based Business)에 관한 연구)

  • 문숙재;김지희
    • Journal of Family Resource Management and Policy Review
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    • v.1 no.1
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    • pp.43-55
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    • 1997
  • The Purpose of this study is to theoretically approach about Home-Based Business and develop a clear understanding of the relationship between family functioning and business viability in families who own and operate Home-Based Business. Home-Based Business is perceived as a viable income producing option for people who have lost their traditional income source and a mechanism for using of women’s lafor forces. Home-Based Work are changed in family structure and the allocation of work. Several authorities have suggested that Home-Based Business provides an effective way to balance the demands of paid employment and family responsibilities, particulary for women. All of these factors have contributed to an increase in the number of Home-Based Workers. Therefore, this proposed research reviewed the Home-Based Business as they contributed to individual and family well-being in both family and business settings and examined the Home-Based Business related factors which influencing the family life. Such understanding will be helpful in enhancing the stability and security of families who own and operate Home-Based Business.

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Work-Family Conflict, Job Satisfaction and Life Satisfaction of Family Business Workers (가족기업 종사자의 일-가족갈등 및 직업만족도와 생활만족도)

  • Kim Young-Sun;Ok Sun-Wha
    • Journal of Families and Better Life
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    • v.23 no.1 s.73
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    • pp.223-239
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    • 2005
  • The purpose of this study is to explore the impacts of personality variables, family variables, job variables, work-family conflict and job satisfaction on life satisfaction of family business workers. The major findings are as follows: 1. There was direct causal effects of job satisfaction, Sunday working level, the duration of the family business, an academic background on life satisfaction of family business workers. 2. Such variables family variables(family size, number of family workers, number of unpaid family workers), working time variables (working hours per a day, saturday working level, flexibility of working time), work-family conflict had indirect causal effects on life satisfaction of family business workers

A Case Study on the Conflict Between an Incumbent CEO and a Successor

  • Yunseok Lee;Giseob Yu;Namjae Cho
    • Journal of Information Technology Applications and Management
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    • v.30 no.2
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    • pp.31-44
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    • 2023
  • Family businesses play a significant role in the overall economy of all countries, and the importance and weight of family businesses are increasing in various fields. Many factors are essential for a family business to grow into a long-lived business, that is, a sustainable business, but the most important one is succession. TRUST Lab at Hanyang University studied the importance of factors influencing the succession of the family business from the standpoint of the successor. As a result, it was confirmed that mutual trust is the most crucial factor, and conflict can destroy that trust. Therefore, in this study, we research conflict as a central topic for successful succession, which is the most fundamental reason for family businesses. This study was conducted as a qualitative research case study. By setting criteria suitable for the purpose of the study, we conducted interviews with ten successors who either worked or planned to work in a family-related company. Through this study, conflict management of key players is the most important to achieve a continuous succession of family businesses.

A Family system of Family Business: Participation within a Family in a Small Family Business (가족기업의 가족체계: 소규모 가족기업에 있어서 가족구성원의 참여유형)

  • 김혜연;김성희
    • Journal of the Korean Home Economics Association
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    • v.38 no.7
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    • pp.1-12
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    • 2000
  • Although the term 'family business' is relatively new, this style of business is universal. An Unusual feature that must be noted, is that even though it is a common style of business is not clearly defined. The purpose of this study is to identify the different family participation patterns, and the variables that effect different types of participation. '1997 Daewoo Panel Data' was used. Some descriptive statistics and a multinomial logit model were employed for the analysis. The standard type of business focused on in this study was a family owned and operated 'ma and pa' typed business and the sample was limited to households where one or both of the partners involved in a family owned and operated business. The main resets obtained from this sample were as follows: 1. Personal characteristics such as respondents' gender, age and educational level were important variables that effected the participation of family members in the business. As can be seen in the gender analysis, family businesses owned by men showed all available patterns of family operated businesses in relatively high numbers. A large percentage of businesses owned women were of self-employed pattern. According to the analysis by age and educational level, young people with a high level of education tend to managed their small businesses by employing others rather than utilising the self-employed or family operated pattern. 2. While big families showed a high percentage of a combination pattern of a family-run, and ordinary employer/employee company, relatively small families usually opted for purely family-run businesses. Whether the family have children under 6 or not, and the number of children under 6 did net significantly effect to the patterns of the family system of small family businesses. 3. The size, location and kind of family business also effected participation patterns of the family members significantly. These results suggest that further study will be required to gain more exact and meaningful information to help Korean family businesses.

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Determinants of Economic Contributions of Home-based Family Businesses (재택가족기업의 가정경제기여도의 결정요인)

  • 김현정;정순희;여윤경
    • Journal of Families and Better Life
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    • v.22 no.4
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    • pp.85-94
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    • 2004
  • The purpose of this study was to examine the determinants of economic contributions of home-based family businesses. The results suggested that positive effect on direct contributions of home-based family businesses was associated with a male manager, more family members, more employees, non-family employees in the business, engaged in food and restaurant business, located in Seoul area, and higher perceived success of the business. Positive effect on indirect contributions of home-based family businesses was associated with a female manager, a child under age 6, only family members as employees, and greater initial investment in the business. Working hours were negatively related to the indirect contributions. Greater total economic contributions of the home-based family businesses was associated with a male manager, more family members, more employees, non-family employees in the business, engaged in restaurant business, located in Seoul, and higher perceived success on the business.

A Study on the Development of Empirical Research Areas and Curriculum Model on Family Businesses (가족기업 실증연구 영역 및 교과모형 개발에 관한 연구)

  • 김지희;문숙재
    • Journal of Family Resource Management and Policy Review
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    • v.5 no.1
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    • pp.123-140
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    • 2001
  • This paper proposes empirical research areas and a curriculum model that outlines the core concepts of major research topic and educational programs of family business. The purpose of this study was two fold: First, to develop the conceptual and empirical research model of family business. For this purpose, this study examined five conceptual issues - ethical, theoretical, management, historical, environmental - in the development of family business research areas. Based on these five conceptual issues, this study developed an empirical research model of family business. Second was to develop the curriculum model of family business at the university level. This curriculum was developed in terms on the family system. business system, and ownership system of family business. This study will be useful in developing more professional curriculum and educational programs to help educator and professional advisors assist family businesses.

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Time Management Strategies and Quality of Life in Family Business

  • Hong Sung-Hee;Winter Mary
    • International Journal of Human Ecology
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    • v.1 no.1
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    • pp.15-35
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    • 2000
  • A time management strategy would reduce the time conflicts from competing time demands of family and business, and contribute to the quality of life of family members in family business. Data were collected on 259 families where one family member was both a household manager and business manager. Household time management strategies and business time management strategies were compared. The individual performing two roles used different time management strategies in household and in business, and they were more likely to use time management strategies in business than in the household. Multiple regression analyses suggested that time management strategy contributed to increased quality of life of dual managers.

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A Study on the Family Business as an Alternative for Women's Employment (여성취업의 대안으로서의 가족기업에 관한 고찰)

  • 정영금
    • Journal of the Korean Home Economics Association
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    • v.37 no.11
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    • pp.125-138
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    • 1999
  • Women’s employment rate is decreasing and unemployment rate is increasing since we crime to financial crisis in Korea. So, many women are interested in the running their own business. But people have not recognized the business as a field of women and women have not been accustomed to nil the business. This study aims to introduce the family business as an alternative of women’s employment. This study examines the prospect about family business in Korea through the literature. For this purpose, definition and present state about family business in Korea, motive and background which women start or succeed the family business, advantages and disadvantages which women have when they run the family business, and methods for supporting woman entrepreneur are suggested. finally, some suggestions in educational field for enlarging the women’s roles and relative importance in family business are presented.

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A Study on the Satisfaction with Occupation and Family living of Couples Inolved in the Family Business Management (가족기업경영 가정의 직업 및 가정생활만족에 관한 연구)

  • 차성란
    • Journal of the Korean Home Economics Association
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    • v.39 no.9
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    • pp.121-135
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    • 2001
  • This study was purposed to analysis the satisfaction with occupation and family living of husbands and wives involved in the family business management. Analyzed data was the KHPS (Korean Household Panel Study) which was collected by Daewoo Economic Research Institute. Subjects were 646 husbands and wives. Results were as fellows: 1) The family business was preferred by the middle age than younger one. In many cases, size of the family business was smart, but variation was relatively large. 2) Wives'satisfaction with family living was lower than husbands'one. Differences between wife's and husband's satisfaction with occupation were not appeared. 3) As couples'one were younger, as the satisfaction with health and couple's relationships were higher. Especially frequency of the out of meal and vacation experience in the last year were important variables in the satisfaction with family living.4) Frequency of the out of meal was important variable in the explaining the satisfaction with the income, stability, and a bright future of the family business.

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An Empirical Study on Business on Succession Process Consulting Satisfaction of Family Business: Focused on Small Business (가족 기업에 대한 승계과정 컨설팅 만족도에 관한 실증 연구: 소상공인을 중심으로)

  • Lee, Dong-Kil;Cho, Munseok;Jeon, Joo-Sang
    • Journal of Digital Contents Society
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    • v.19 no.5
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    • pp.917-926
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    • 2018
  • In recent years, it has been supporting sustainable growth to be a longevity company such as training, consulting, finding and rewarding excellent companies, and tax support for the smooth family business succession of family businesses. The smooth family business succession of these companies has positive effects such as maintaining and improving technological competitiveness, maintaining stable employment, creating long-term investment and new jobs. However, since the concept of the family dominant business is still unfamiliar in Korea, the research on the family dominant business is also insufficient. Now, as family dominant business have a very high share in the national economy, there is a need for research on family dominant business in Korea. Therefore, this study conducted an empirical research on succession process consulting satisfaction of family business centered on small business owners and analyzed the difference of it.