Family Businesses, Institutional Entrepreneurship and Role of the State

Yıl 2015, Cilt: 11 Sayı: 2, 183 - 197, 29.10.2015

Hasan Alpay Karasoy

Öz

As the world becomes globalized, administrative ways also get changed.
It becomes inevitable for the businesses to develop strategies on this
platform of change and competition. In family businesses, accommodation
to these transformative processes is of importance both for the business
owner and for the economy of the respective country.The family
businesses that fulfil necessary changes are obliged to get
institutionalized in order to maintain their sustainability. This is
significant, because most of the family businesses do not last as long
as to be managed by the third generation. One of the most remarkable
reasons for this problem stems from the roles in the family businesses
undertaken by the family members and other professionals. Institutional
renewal and development depends on the decisions made by these actors.
As mentioned above, the difficulties that arise out of intensive rivalry
can only be overcome with the support of an enterprising actor who is
to know how to take advantage of the opportunities. The actors of the
family businesses (family members, professionals) can use their
innovative skills within organizations where the principles of
institutional entrepreneurship prevail. In this study, the concepts that
are family businesses, institutionalization, and institutional
entrepreneurship will be written on and the relations between the three
will be explained. Besides the importance advantages and disadvantages
of the family companies, the realation of institutionalization with that
companies and process will be evaluated. In addition, in terms of
corporate entrepreneurship the role of the estate in supporting these
companies will be described.

Anahtar Kelimeler

Family Businesses

Kaynakça

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