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| 2. |
- Boers, Börje, 1975-, et al.
(författare)
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Communities of Practice in der Wissensweitergabe : Die Rolle in familiengeführten KMUs –Eine empirische Analyse
- 2023
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Ingår i: Zeitschrift für Corporate Governance. - : Erich Schmidt Verlag. - 1868-7792. ; :6, s. 245-251
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- Die vorliegende Studie widmet sich der Analyse der entscheidenden Rolle von Communities of Practice (CoPs) als Instrumente desWissensaustauschs in familiengeführten Klein- und Mittelunternehmen (KMUs), insbesondere wenn sowohl Familienmitglieder als auch externe Fachkräfte gemeinsam an diesen Communities teilnehmen. Durch die Anwendung einer umfassenden Multi-Fall-studie über einen Zeitraum von acht Jahren wurden sechs kleine Unternehmen aus unterschiedlichen Branchen und verschiedenen Ländern einer Untersuchung unterzogen.
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| 3. |
- Boers, Börje, 1975-, et al.
(författare)
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Crisis Management: A Necessary Evil or Useful Tool? : The Role of Socioemotional Wealth in the Crisis Management of Family Firms
- 2022
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Ingår i: Management Revue. - : Nomos. - 0935-9915 .- 1861-9908. ; 33:4, s. 397-428
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Tidskriftsartikel (refereegranskat)abstract
- The purpose of this paper is to explore and understand how family firms manage a crisis by applying a processual perspective addressing the different phases of a crisis, including its origin, context and consequences. Drawing on a study of six family firms, we find that the leadership of the owning family signifies crisis management in family firms. Also, family firms rely on multiple crisis management practices and make use of their relationships and networks, which support crisis management at different stages. Socioemotional wealth can be both a trigger and a consequence of crisis management procedures. This study contributes to the literature by providing a more nuanced and developed crisis management model that accounts for the peculiarities of family firms. We argue that it is of the greatest importance to consider the consequences of a crisis whose origin stems from the owning family. In particular, such crises will trigger the owning family, as their socioemotional endowment would be at risk, which can free family resources for crisis management practices.
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| 4. |
- Boers, Börje, 1975-, et al.
(författare)
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Different Crises in Family SMEs and How to Prepare for Them
- 2022. - 1
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Ingår i: Crisis Management for Small and Medium-Sized Enterprises (SMEs). - Cham : Springer. - 9783030917265 - 9783030917296 - 9783030917272 ; , s. 101-117
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Bokkapitel (refereegranskat)abstract
- In this chapter, we discuss and analyse how family SMEs can prepare for crises originating in different areas. In specific, we discuss how family SMEs can prepare for crises originating in the family, the firm and the environment. There is an overlap in family SMEs, which implies that it is necessary to account for all three areas in a crisis situation. All three dimensions can be the origin for a crisis and part of a solution to handling the crisis. In the following, we discuss each dimension in detail with regard to crisis management in family SMEs. The study offers advice for family SMEs facing a crisis situation caused by internal causes, business or family-induced. Family SMEs should prepare themselves well in advance—with crisis management—to face severe shocks, and not just react under stress. This leads to a more proactive crisis management approach.
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| 5. |
- Boers, Börje, 1975-, et al.
(författare)
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Entrepreneurial Orientation and Crisis : How Family Firms Manage the COVID-19-Pandemic
- 2021
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Ingår i: Rethinking Finance. - Köln : Fachmedien Otto Schmidt KG. - 2628-4944 .- 2628-4952. ; :01, s. 65-72
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- We investigate how family firms manage and overcome the Covid-crisis. We distinguish between different areas of crisis origin, i.e. the environment, the business or the family. We propose a process model of crisis management and draw on a interview study of German and Swedish companies. The model includes different activities which could be undertaken before, during and after a crisis-event. We propose four essential topics for family firms’ crisis management: (1) family firm leadership mindset, (2) multiple crisis management practices, (3) relationship and network strength and (4) process view.
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| 6. |
- Boers, Börje, 1975-, et al.
(författare)
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The Resilience of Family Firms During Crisis
- 2024. - 1
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Ingår i: Small and Medium-Sized Enterprise (SME) Resilience. - : Springer Nature. - 9783031508356 - 9783031508387 - 9783031508363 ; , s. 83-106
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Bokkapitel (refereegranskat)abstract
- The authors of this study aimed to investigate the issue of resilience in family firms during times of crisis. They recognize that a crisis can impact not only the business itself but also the family dynamics within the firm. To be resilient, addressing and managing both aspects is crucial.Resilience in this context refers to the ability of family firms to adapt, recover, and thrive in the face of adversity. The authors emphasise that resilience involves navigating and responding to multiple events that may arise from various sources, including the external environment, the business operations, or the internal family dynamics. This complexity adds to the challenges and demands of family firms to be resilient. The study adopts a qualitative approach, employing case studies of German and Swedish family firms to gain deeper insights into this topic. By examining real-life examples, the authors seek to provide empirical evidence and a nuanced understanding of how family firms experience and cope with crises.The findings of this research have significant relevance for multiple stakeholders. Firstly, family business owners and leaders can benefit from insights into the challenges they may face during crises and the strategies they can employ to enhance resilience. Understanding the interplay between family and business dynamics is crucial for effective crisis management.Additionally, policymakers and advisors working with family firms can gain valuable knowledge from this study. By recognizing the unique challenges these firms face during crises, they can develop targeted support mechanisms and resources to assist them in building resilience.Overall, this research sheds light on the complex nature of crisis resilience in family firms and contributes to the existing body of knowledge in this field. It provides practical implications and recommendations for family firms, policymakers, and advisors, ultimately aiming to enhance the long-term sustainability and success of family businesses in the face of adversity.
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| 7. |
- Boers, Börje, 1975-, et al.
(författare)
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The role of entrepreneurial orientation in crisis management : evidence from family firms in enterprising communities
- 2022
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Ingår i: Journal of Enterprising Communities. - : Emerald Group Publishing Limited. - 1750-6204 .- 1750-6212. ; 16:5, s. 756-780
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Tidskriftsartikel (refereegranskat)abstract
- Purpose:The purpose of this paper is to explore and understand how family firms manage a crisis by applying a processual and longitudinal perspective. The objective is to find out how crisis management is approached by family firms in Sweden, Scotland and Germany, using entrepreneurial orientation (EO) as an analytical lens. Further, this paper investigates the role of the owning family in creating and solving a crisis in family firms.Design/methodology/approach:This study follows a processual and longitudinal case study approach. Cases are drawn from Germany, Scotland and Sweden. Data collection is based on a combination of interviews with archival data such as annual reports and press clippings.Findings:The results show that all studied firms had high levels of autonomy combined with high risk-taking. It is noteworthy, that these dimensions also help to overcome the crisis. Risk-taking and proactiveness can be useful for addressing the crisis. Under certain circumstances, even innovativeness can help to develop new offers. Autonomy is considered central in family firms and only extraordinary circumstances can be owning families make willing to compromise on it. The EO-dimensions are not all relevant at all times. Rather, family firms will emphasize the dimensions during the consecutive stages differently.Originality/value:This study compares case companies from Germany, Scotland and Sweden and how EO contributes to their crisis management by taking a longitudinal and processual perspective. Its originality lies in the in-depth studies of companies from three countries.
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| 8. |
- Boers, Börje, 1975-, et al.
(författare)
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Turning Around the Family and the Business? : Examples of Turnaround Strategies from Germany, Scotland, and Sweden
- 2022
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Ingår i: The Nordic Journal of Business. - : Association of Business Schools Finland. - 2342-9003 .- 2342-9011. ; 71:2, s. 77-101
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Tidskriftsartikel (refereegranskat)abstract
- The purpose of this study is to understand turnaround strategies in family firms from a so-cioemotional wealth (SEW) perspective. This study follows a case study approach with four family firms, one from Germany, one from Scotland, and two from Sweden. Data collection builds on combining interviews with data collected from annual reports, homepages, and press clips. First, we contribute to the understanding of turnaround strategies in private family firms. Moreover, the SEW perspective offers new insights into how owning families prioritize the different turnaround strategies in relation to the SEW dimensions. Finally, our study also helps further an understanding of how owning families prioritize the SEW dimensions, by drawing on mixed gambles. These findings are used to develop a framework for explaining how SEW influences organizational decline and turnaround in private family firms. Finally, we develop propositions that future research could consider.
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| 9. |
- Durst, Susanne, et al.
(författare)
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Governance in small firms - A country comparison of current practices
- 2014
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Ingår i: International Journal of Entrepreneurship and Small Business. - : InderScience Publishers. - 1476-1297 .- 1741-8054. ; 21:1, s. 16-32
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Tidskriftsartikel (refereegranskat)abstract
- This study investigates the practice of governance in small firms and shows differences between these firms in the principality of Liechtenstein and Scotland. Thereby, the study's intention is to draw particular attention to the influence of corporate governance on the firm's ability to change. Thus a broader scope of corporate governance, which is normally discussed from a control perspective, is taken. Using data from semi-structured interviews with 20 managing directors of small firms, the findings showed that they see corporate governance more as a concept for managing the internal and external relationships with the various stakeholders than as a control concept. The study provides fresh insights into the practice of governance in small firms and offers the opportunity to expand our understanding of the topic in different parts of the world. Moreover, by taking a qualitative research approach, the study addresses recent calls concerning more methodological diversity. Copyright © 2014 Inderscience Enterprises Ltd.
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| 10. |
- Durst, Susanne, et al.
(författare)
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The Management of Knowledge Risks : What do We Really Know?
- 2016
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Ingår i: International Journal of Knowledge and Systems Science. - : IGI Global. - 1947-8208. ; 7:3, s. 19-29
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Tidskriftsartikel (refereegranskat)abstract
- The purpose of this paper is to review extant research on knowledge risk management (KRM) to establish our body of knowledge and to identify gaps justifying further research activities. The study is based on a systematic review of peer-reviewed empirical and conceptual articles on the management of knowledge risks. This proceeding proves evidence that there are a small number of papers addressing knowledge risks and its management. The recommendations derived from the findings can assist researchers, managers and consultants to better understand the critical importance of integrating KRM in the firms’ enterprise risk management. This increased understanding can particularly be useful for managers as better decisions will be possible.
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