Orchestration to improve the performance and sustainability of family companies

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...

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Main Authors: Sri Gunawan, Sugiarto Koentjoro
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2023.2176283
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author Sri Gunawan
Sugiarto Koentjoro
author_facet Sri Gunawan
Sugiarto Koentjoro
author_sort Sri Gunawan
collection DOAJ
description 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.
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spelling doaj.art-7fc3be47a66940c5a184b5a2c51215cd2023-07-28T20:55:16ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110110.1080/23311975.2023.2176283Orchestration to improve the performance and sustainability of family companiesSri Gunawan0Sugiarto Koentjoro1Faculty of Business & Economics, Universitas Airlangga, Surabaya, IndonesiaPT. Prima KaryaKontrindo, Surabaya, IndonesiaAbstractThe 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.https://www.tandfonline.com/doi/10.1080/23311975.2023.2176283Family companymanaging conflictmanaging knowledgeresource orchestrationcorporate sustainabilitycorporate strategy
spellingShingle Sri Gunawan
Sugiarto Koentjoro
Orchestration to improve the performance and sustainability of family companies
Cogent Business & Management
Family company
managing conflict
managing knowledge
resource orchestration
corporate sustainability
corporate strategy
title Orchestration to improve the performance and sustainability of family companies
title_full Orchestration to improve the performance and sustainability of family companies
title_fullStr Orchestration to improve the performance and sustainability of family companies
title_full_unstemmed Orchestration to improve the performance and sustainability of family companies
title_short Orchestration to improve the performance and sustainability of family companies
title_sort orchestration to improve the performance and sustainability of family companies
topic Family company
managing conflict
managing knowledge
resource orchestration
corporate sustainability
corporate strategy
url https://www.tandfonline.com/doi/10.1080/23311975.2023.2176283
work_keys_str_mv AT srigunawan orchestrationtoimprovetheperformanceandsustainabilityoffamilycompanies
AT sugiartokoentjoro orchestrationtoimprovetheperformanceandsustainabilityoffamilycompanies