International Family Conglomerates (FCs) from emerging economies: operations across generations
Family conglomerates (FCs) in emerging economies portray distinctive characteristics and it is largely dominated by the uniqueness of cultural context underpinning the countries in which family members playing a vital role in managing the businesses. FCs are usually founded by charismatic entreprene...
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| Format: | Article |
| Language: | English English |
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Publishing India Group
2024
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| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/41465/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41465/2/FULL%20TEXT.pdf |
| _version_ | 1825715870788222976 |
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| author | Tarun Kanti Bose Chew, Tze Cheng |
| author_facet | Tarun Kanti Bose Chew, Tze Cheng |
| author_sort | Tarun Kanti Bose |
| collection | UMS |
| description | Family conglomerates (FCs) in emerging economies portray distinctive characteristics and it is largely dominated by the uniqueness of cultural context underpinning the countries in which family members playing a vital role in managing the businesses. FCs are usually founded by charismatic entrepreneurs who were successful to run their businesses in unique ways. FCs predominantly has concentred on the domestic market in the early days. They enjoy good reputations and institutional backings in-home turfs. The success mantras of FCs differ significantly from the western companies. Major traits of the FCs include-difficult domestic institutions and changes in tackling overseas institutions, family members in the management, international operations with own model, supportive domestic resources and government, and access to cheap labour force etc. Important changes that observed in operations of FCs across generations are-shifting from traditional management to modern management, more domestic and international acquisition, more outward and Greenfield investments, more challenges are faced by successors, difficulties in transferring key capabilities into overseas destinations, balancing reputations and technologies, changes in management style, governmental support diminished etc. |
| first_indexed | 2024-12-09T00:52:36Z |
| format | Article |
| id | ums.eprints-41465 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-12-09T00:52:36Z |
| publishDate | 2024 |
| publisher | Publishing India Group |
| record_format | dspace |
| spelling | ums.eprints-414652024-10-18T07:46:00Z https://eprints.ums.edu.my/id/eprint/41465/ International Family Conglomerates (FCs) from emerging economies: operations across generations Tarun Kanti Bose Chew, Tze Cheng HB1-3840 Economic theory. Demography HC10-1085 Economic history and conditions Family conglomerates (FCs) in emerging economies portray distinctive characteristics and it is largely dominated by the uniqueness of cultural context underpinning the countries in which family members playing a vital role in managing the businesses. FCs are usually founded by charismatic entrepreneurs who were successful to run their businesses in unique ways. FCs predominantly has concentred on the domestic market in the early days. They enjoy good reputations and institutional backings in-home turfs. The success mantras of FCs differ significantly from the western companies. Major traits of the FCs include-difficult domestic institutions and changes in tackling overseas institutions, family members in the management, international operations with own model, supportive domestic resources and government, and access to cheap labour force etc. Important changes that observed in operations of FCs across generations are-shifting from traditional management to modern management, more domestic and international acquisition, more outward and Greenfield investments, more challenges are faced by successors, difficulties in transferring key capabilities into overseas destinations, balancing reputations and technologies, changes in management style, governmental support diminished etc. Publishing India Group 2024 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/41465/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/41465/2/FULL%20TEXT.pdf Tarun Kanti Bose and Chew, Tze Cheng (2024) International Family Conglomerates (FCs) from emerging economies: operations across generations. Journal of Entrepreneurship and Management, 13. pp. 44-58. ISSN 2277-6850 |
| spellingShingle | HB1-3840 Economic theory. Demography HC10-1085 Economic history and conditions Tarun Kanti Bose Chew, Tze Cheng International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title | International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title_full | International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title_fullStr | International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title_full_unstemmed | International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title_short | International Family Conglomerates (FCs) from emerging economies: operations across generations |
| title_sort | international family conglomerates fcs from emerging economies operations across generations |
| topic | HB1-3840 Economic theory. Demography HC10-1085 Economic history and conditions |
| url | https://eprints.ums.edu.my/id/eprint/41465/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41465/2/FULL%20TEXT.pdf |
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