An appraisal of family enterprise advisors as enhancers of both group performance and individual family member employability profiles
Working paper
O'Leary, S. and Swaffin-Smith, C. 2013. An appraisal of family enterprise advisors as enhancers of both group performance and individual family member employability profiles. London Regent's University.
Authors | O'Leary, S. and Swaffin-Smith, C. |
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Type | Working paper |
Abstract | A survey of the challenges faced by family businesses indicates that they face fundamental strategic challenges every 2 years and 50 days on average. In some sectors and circumstances the regularity is shorter, with a minimum timespan of 20 months, or longer, at a maximum of 3 years. Tackling such challenges effectively often requires the dedicated support of a spectrum of advisors and consultants, typically those with expertise in law, finance, management and behavioural issues. Such support and advice is appraised in this report through the eyes of both an entrepreneurship academic and an experienced international family business advisor, using the family advisory themes of impact, relationships, variety and socioemotional wealth identified in Reay et al’s (2013) recent examination of the role of family business advisors. The findings reinforce outcomes of current academic research and add several new dimensions worthy of further study, including evaluations of the extent to which the family element extends or shortens the timespan between major issues compared to non-family enterprises, and an assessment of the long-term benefits of investing in the |
Keywords | Family business; Advisor; Impact; Relationships; Variety; Socioemotional wealth; Employability |
Year | 2013 |
Publisher | Regent's University |
Place of publication | London |
ISSN | 2755-3884 |
2755-3892 | |
Official URL | https://www.regents.ac.uk/sites/default/files/2018-11/RWPBM1307-OLeary-S-SwaffinSmith-C.pdf |
Related URL | https://www.regents.ac.uk/research/research-publications-and-journals/working-papers |
Output status | Published |
Publication dates | |
Online | 2013 |
Publication process dates | |
Deposited | 28 Mar 2023 |
https://repository.canterbury.ac.uk/item/94341/an-appraisal-of-family-enterprise-advisors-as-enhancers-of-both-group-performance-and-individual-family-member-employability-profiles
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