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The assessment of the family vision generation process in small and medium-sized family businesses
Southern African Business Review
View Archive Info| Field | Value | |
| Title |
The assessment of the family vision generation process in small and medium-sized family businesses
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| Creator |
van der Merwe, SP
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| Subject |
family businesses; family vision; family business continuity; family member commitment
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| Description |
The objective of this study was to assess the family vision generationprocess in small and medium-sized family businesses. Data from489 questionnaires administered to 79 family businesses werecollected and analysed. An Oblimin oblique rotation was performedon the principal components of the exploratory factor analysis. Threefactors with eigenvalues greater than one were extracted, explaining61.93% of the variance, describing the theoretical dimensions ofthe generation of the family vision, the commitment of the youngergeneration family members to family business continuity and thecommitment of the senior generation family members to familybusiness continuity. The results of this study indicate that a signifi cantproportion of the variation in the generation of the family vision isexplained by the commitment of the senior and younger generationfamily members to family business continuity. No practicallysignifi cant diff erences in the mean values could be found betweenthe three extracted factors and the demographic variables in thisstudy. Recommendations are off ered to utilise the questionnaire asa measuring instrument. Practical recommendations are suggestedto ensure an eff ective family vision generation process in small andmedium-sized family businesses.
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| Publisher |
College of Economic and Management Sciences (UNISA)
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| Contributor |
—
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| Date |
2012-05-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.ajol.info/index.php/sabr/article/view/76335
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| Source |
Southern African Business Review; Vol 13, No 2 (2009)
1998-8125 1561-896X |
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| Language |
eng
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| Relation |
https://www.ajol.info/index.php/sabr/article/view/76335/66792
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| Rights |
Copyright on articles is retained by the author(s). The editor and reviewers of SABR cannot accept any responsibility for the infringement of authors' rights or copyright.
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