The Key Success Factors Of Family Business In Lebanon
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The Key Success Factors Of Family Business In Lebanon
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Author : Gretta Kabalan
language : en
Publisher:
Release Date : 2013
The Key Success Factors Of Family Business In Lebanon written by Gretta Kabalan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Most of common firms around the world and specifically in Lebanon are family-owned business that started their operations in the traditional businesses, such as trading, manufacturing, and providing services. Many of the Lebanese family business became very successful and well known regionally and sometimes internationally, listing the following: Khalil Fattal and Sons Group, T. Gargour & Fils S.A.L., CMA CGM Lebanon S.A.L., and Mecattaf Trading CO. S.A.L. In order the keep the family business in the good track, internal and externals factors (good management, well-structured firm, adopt to changes, efficiency & effectiveness, customer focus, confidence, engagement and others) should always be maintained and applied subsequently. Therefore, this research will attempt to focus on the key factors that contribute to the success of a family business in Lebanon, and understand more the structure of that type of businesses. Moreover, we will investigate if family business has restrictions and what to consider as dynamic factors. However, to be able to reach the right conclusions and be more accurate in our study, quantitative analyses will be used in addition to previous researches and measurements.
How To Manage Your Family Business
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Author : Josiane Fahed-Sreih
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2019-09-12
How To Manage Your Family Business written by Josiane Fahed-Sreih and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-12 with Business & Economics categories.
This book details ten of the most important aspects for success in a family business, and discusses how to begin the development of a common vision to deploy within the family firm. It uses the Middle East as an example of a patriarchy and its values, and how these may be transmitted to the family business and the next generation. Such traditions and culture are often integrated within the mindset of the owner and are then established in the company’s vision. The book serves as a guideline to the ‘dos and don’ts’ of the family business scene and how to affect the firm either positively or negatively.
Success Factors Of Lebanese Small Businesses In The United States
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Author : Zeinab Fawaz
language : en
Publisher: AuthorHouse
Release Date : 2012-08-10
Success Factors Of Lebanese Small Businesses In The United States written by Zeinab Fawaz and has been published by AuthorHouse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-10 with Business & Economics categories.
Small business is the heartbeat of the U.S. economy, the primary source of jobs, and the backbone of the nations well-being. In order to help the American economy recover from the recession, the country urgently needs to dramatically boost its rate of small business creation. This dissertation studied Lebanese small businesses in the United States, focusing on the factors associated with their success, in terms of sustainability and annual after-tax income, and the perception of their contribution to society and the economy. A quantitative analysis of data gathering from 62 survey participants revealed that the success of Lebanese-owned small businesses was attributed to their human resources, operational management, management attributes, economic health and government regulations, and owners personal traits. All these factors interacted to generate higher-dollar orders and helped businesses sustainability. In addition, this study might also help newcomers to the field seeking to develop their own business plans. Other factors pertaining to the success of Lebanese small business owners were also examined and discussed within the framework of minority and enclave theories.
Determinants Of Longevity And Success In Lebanese Family Businesses
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Author : Josiane Fahed-Sreih
language : en
Publisher:
Release Date : 2006
Determinants Of Longevity And Success In Lebanese Family Businesses written by Josiane Fahed-Sreih and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This article explores the characteristics of Lebanese family businesses using a sample of 114 firms and tests various propositions regarding the relationships between correlates of effective succession planning and longevity. Successful family businesses in Lebanon exhibit a variety of responses to the variables that are conducive to success. The findings indicate that older firms are more inclined to use a participatory decision-making process, as evidenced by more reliance on advisory boards. A significantly larger proportion of older firms relative to younger ones holds family meetings and has formal redemption and liquidity plans. Firms in our sample are characterized by liberal attitudes: more than 75% consider female ownership acceptable and more than two-thirds of the firms respond positively to potential female CEOs.
The Relationship Between Family To Business Support And Entrepreneurial Success In Lebanon
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Author : Tarek Sanyoura
language : en
Publisher:
Release Date : 2014
The Relationship Between Family To Business Support And Entrepreneurial Success In Lebanon written by Tarek Sanyoura and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The aim of this thesis is to better understand how family to business support affects the entrepreneurial success and the financial performance of the Lebanese companies. And how success isn't males special characteristic. For that aim we elaborated four hypotheses. The first hypothesis indicated that family to business support is positively related to entrepreneurial success. The second hypothesis suggested that the Lebanese entrepreneurs are positively job satisfied. The third hypothesis proposed that there are no differences in gender-based performance in the Lebanese SMEs. And finally, the fourth hypothesis suggested that family to business support is positively related to female entrepreneurial success. In order to authenticate our hypotheses we have collected primary data by using a quantitative method technique by performing an inquiry by surveying 50 Lebanese companies through a questionnaire formed by closed questions and modulators. This research analyzes the impact of family to business support on entrepreneurial success. By using the multiple regression equation we established a relationship between the different family to business support factors and the variable controls used to for the research such as age, gender, salary ... Also we studied if the Lebanese entrepreneurs are positively job satisfied. And if gender-based influence on the performance of the studied enterprises. And finally, we studied the positive relationship between female and entrepreneurial success. Analyzing the results, the factors studied as family to business support represent a small portion of the variables influencing the entrepreneurial success and therefore we concluded that there is no relationship between family to business support as we studied it and entrepreneurial success. And, Lebanese entrepreneurs are highly satisfied and very content of the performance and the results of their firms. Also, we concluded from our research that there is a positive difference in performance results between male and female gender. And finally studying our last hypothesis, we concluded that female entrepreneurs rely on the family to business support to succeed in their firms.
Characteristics Of Successful Family Business In Lebanon
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Author :
language : en
Publisher:
Release Date : 2010
Characteristics Of Successful Family Business In Lebanon written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Dissertations, Academic categories.
Impact Of Family Involvement On Financial Performance Of Lebanese Family Businesses
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Author : Clara el Batal
language : en
Publisher:
Release Date : 2017
Impact Of Family Involvement On Financial Performance Of Lebanese Family Businesses written by Clara el Batal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This thesis investigates the existing relationship between family involvement in ownership, direction, business management and the enterprise's financial performance. Whether family managers and directors or non-family managers and outside directors approaches have better influence on the company's financial performance, is also investigated. The relation between conservative, entrenchment management and financial performance is reviewed as well. Lastly, whether family involvements by heirs for longevity goals and business succession have a positive influence on financial performance is also reviewed. The analysis of the family involvement implications on the firm's profitability is based on a quantitative study with a sample of 69 Lebanese companies. Based on the gathered data, the comparison of financial performance and the involvement of family and non-family managers, we concluded that family involvement is negatively correlated to the company's profitability. The more the family is involved in management and in direction, the less the financial performance is realized. Furthermore, the results show a negative association between conservative management, entrenchment and financial performance. Lastly, according to longevity goals and business succession with family involvement by heirs, the result didn't show a significant relationship with financial performance. These results were authenticating through the culture and the qualification of Lebanese family owners and managers. This research study indicates that, non-family managers and family owners act as stewards by caring about maximizing the family business value for all shareholders and by considering the success of the company as their own, instead of acting as agents by prioritizing the family members' utility and personal goals.
Understanding The Family Business
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Author : Keanon Alderson
language : en
Publisher: Business Expert Press
Release Date : 2011
Understanding The Family Business written by Keanon Alderson and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Family-owned business enterprises categories.
The purpose of this book is to provide readers with an introductory overview of family business, the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. There are several key audiences: As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies. Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses. Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients. Suppliers to family businesses will gain insight to this important business customer. Much of the literature on family business is from the United States; an attempt has been made to present relevant international information, as well. Chapter one defines a family business and provides an overview of family business. Chapter two explores the many differences between a family owned business and a nonfamily owned business. Chapter three explores the major family business theories. Chapter four discusses how family firms make business decisions. Chapter five explores the significant issues prevalent in a family firm. Chapter six explores the most problematic issue in family firms: succession or the transfer of ownership to the next generation. Chapter seven explores the many differences among the generations of a family firm. Chapter eight presents information on family business strategic planning. Chapter nine focuses on effective family business governance and use of advisors and boards. Chapter ten explores key success tips for long lasting family firms. Chapter eleven discusses trends in family business. Chapter twelve contains key points for family business professionals and suppliers who target or service family firms. Chapter thirteen presents areas for future research to advance the study of family business.
Critical Success Factors Csfs Implementation In Lebanese Firms
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Author :
language : en
Publisher:
Release Date : 1995
Critical Success Factors Csfs Implementation In Lebanese Firms written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Critical success factors (CSFs) categories.
Handbook Of Family Business And Family Business Consultation
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Author : Florence Whiteman Kaslow
language : en
Publisher: Routledge
Release Date : 2006
Handbook Of Family Business And Family Business Consultation written by Florence Whiteman Kaslow and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Family-owned business enterprises categories.
This book is designed to fill an important gap in the family business literature. Florence W. Kaslow, Ph. D., Editor, an internationally respected authority in both family psychology and family business consultation, presents a disciplined look at how family businesses are structured, their dynamics, and how they operate in thirteen diverse countries spanning four continents. Top family business consultants working in those countries share their methods of helping clients increase earnings and fulfill the missions of their companies. The contributors examine essential aspects of the world of family business today, including family offices, globalization, and the management of a family's wealth. Tables and figures, plus a helpful glossary, make complex and unfamiliar information easy to understand.