Sharma, P. (2004). An overview of the field of family business studies: Current status and directions for the future. Family business review , 17 (1), 1-36.
Family businesses are gaining attention, and so are the research studies in this area. Though the family businesses have existed for quite long, the research studies channeled in this area are limited and have ignored some critical factors that measure the performances and operations of the family business. Notably, the research studies on the family business are theory-based with researchers adopting different theoretical frameworks to explain managerial, structure, and operations of such businesses.
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The study’s aim is reviewing the existing research studies on family businesses. The objective is to disclose the development of the family businesses to understand its dynamics based on the structure and their operations. The interest is on the theoretical approaches to the family businesses to study and review some of the theories coined by different authors and researchers as they explore the field of the family businesses. The research is a literature review targeting qualitative studies done on the topic of family businesses. A total of 217 peers reviewed journals are under study with most of them consolidated under the literature by Sharma, Chrisman, and Chua (1996, 1997).
The research results reveal that there are limited research studies done on the topic of family businesses. From the reviews, the results reveal that pertinent matters on business such as the organization structure, the relationship between the organization and the society and other matters such as culture, marketing, and human resource management are under-researched. The past studies on the family businesses major on business ownership, the role of women in the family businesses, and the selection of the next generation members while ignoring other critical business issues. This research is significant because it tries to reveal the gap in family business research to improve family-based businesses operations.
Hisrich, R., & Brush, C. (1984). The woman entrepreneur: Management skills and business problems. Journal of small business management , 22 (1), 30-37.
People cannot overrule the history of women discrimination in the United States and other countries in the world. Women lacked the fundamental rights that society accorded to men. They particularly link to domestic work with few of them getting a chance to work in the industries. History has continued with women still lacking their place in the business industry. Though there is an incredible increase in the number of women who have joined the industries in the present world, the number of women in the executive positions in such companies is slim.
The research study aims to unveil the state of women in the entrepreneurial world. The hypothesis is that most women are isolated and face numerous challenges while navigating the entrepreneurial world. The interest is to understand the nature of stereotyping on women and how such discrimination has been a significant obstacle to women penetrating the entrepreneurial world. In this regards, the study tries to unveil such obstacles and also find researched-based solutions or strategies that can help women do their best in the entrepreneurial world.
With qualitative research targeting a total of 468 self-employed women in 18 states, the research explores numerous questions concerning the state of women in the entrepreneurial business. From the research results, the study reveals that states of women in this industry need adjustments. Most of the women in this business are in marriages with kids, a factor that hinders their progress in this business. Further, they lack basic training on critical matters such as planning and management. Additionally, they lack proper funding and support, and this thwarts their dream of success. This research is vital as it tries to pin down the options women can explore to succeed in entrepreneurship.
