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Orchestration to improve the performance and sustainability of family companies

Authors :
Sri Gunawan
Sugiarto Koentjoro
Source :
Cogent Business & Management, Vol 10, Iss 1 (2023)
Publication Year :
2023
Publisher :
Taylor & Francis Group, 2023.

Abstract

AbstractThe purpose of this study is to identify the efforts made by family businesses to develop knowledge resources in order to improve innovative performance and market adaptability. This study employs a single case study exploratory design, with “indepth interviews” conducted with 9 participants from three companies in one group in Indonesia. The findings revealed a process of developing human and social capital resources to expand the company’s knowledge resources. Other findings identified the critical processes of empowerment and authority coordination. It was used to establish a family business that encourages generational involvement and is capable of supporting the process of increasing knowledge resources. It was used to establish a family business that encourages generational involvement and is capable of supporting the process of increasing knowledge resources. Furthermore, this research can be a foundation for encouraging resource orchestration in family businesses to increase sustainability. It is one of the studies that integrate resource orchestration theory with management knowledge and explains the importance of creating a conducive family business for sustainability due to generational involvement.

Details

Language :
English
ISSN :
23311975
Volume :
10
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Cogent Business & Management
Publication Type :
Academic Journal
Accession number :
edsdoj.7fc3be47a66940c5a184b5a2c51215cd
Document Type :
article
Full Text :
https://doi.org/10.1080/23311975.2023.2176283