13 Aug 2022

80

The Importance of Family Values

Format: APA

Academic level: College

Paper type: Coursework

Words: 538

Pages: 2

Downloads: 0

Source 1: 

Bodolica, V., Spraggon, M., & Zaidi, S. (2015). Boundary management strategies for governing family firms: A UAE-based case study. Journal of Business Research, 68(3), 684-693. 

This article is effective in pointing out that for family businesses to succeed in the highly competitive market, it is essential that they learn how to incorporate selected family and business domains such as the organizational culture and ownership and finances. These domains should be permeated into each other at the different levels along the integration-segmentation continuum to ensure that the optimum governance configuration is preserved. The study looks at other factors like the founder's characteristics and intra-family succession qualm to explain the evolving nature of boundary management strategies. This article is essential in reiterating my idea that family values are an essential foundation for family dynasties to be founded and run. Such traits, when incorporated into the organizational culture create a perfect management that is not only rooted in integrity but also values fair competition and healthy means of production. 

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Source 2: 

Jones, L. E., & Michelmore, K. (2018). The Impact of the Earned Income Tax Credit on Household Finances. Journal of Policy Analysis and Management, 37(3), 521-545. 

This journal article uses a simulated instrument energy to analyze how expansions to earned income tax credits affect the typical American household finances. The test reports that policy-induced increase in the earned income tax credit leads to an increased likelihood of family financial savings and balances. The results are also coupled with high pre-tax family earnings. The information in this article is crucial in supporting my argument that family savings should not be determined solely by the level of income of the breadwinner, but rather should as well take into account tax credit rats to ensure family financial security. 

Source 3: 

Tsai, L. C. (2017). The Process of Managing Family Financial Pressures Upon Community Reentry Among Survivors of Sex Trafficking in the Philippines: A Grounded Theory Study. Journal of Human Trafficking, 3(3), 211-230. 

The article is quite effective in addressing the diverse roles of family financial management taken up by trafficking survivors. In a country that still undergoes high rates of human trafficking, the Philippines offered the best grounds to conduct field studies on how financial management gets disrupted when daughters and mothers get trafficked, and how the society helps such persons reenter the society and retake their role in financial management once they survive the ordeal. Majorly such mothers take up their role in family financial management by controlling their partner's expenditures while the daughters are tasked with the mandate of providing for their parents, all these while they set up some boundaries. This article contains the information that supports my point that each family member has a role to play as far as family financial management is concerned, regardless of their gender or financial disposition, which are not limited to such cases as human trafficking. 

Source 4: 

Bricker, J., Dettling, L. J., Henriques, A., Hsu, J. W., Jacobs, L., Moore, K. B., ... & Windle, R. A. (2017). Changes in US family finances from 2013 to 2016: evidence from the survey of consumer finances. Fed. Res. Bull., 103, 1. 

Source 5: 

Bucks, B. K., Kennickell, A. B., & Moore, K. B. (2006). Recent changes in US family finances: Evidence from the 2001 and 2004 Survey of Consumer Finances. Fed. Res. Bull. A1, 92. 

Source 6: 

Velleman, R., Cousins, J., & Orford, J. (2015). Effects of gambling on the family. A clinician's guide to working with problem gamblers, 90-103. 

References 

Bodolica, V., Spraggon, M., & Zaidi, S. (2015). Boundary management strategies for governing family firms: A UAE-based case study. Journal of Business Research, 68(3), 684-693. 

Bricker, J., Dettling, L. J., Henriques, A., Hsu, J. W., Jacobs, L., Moore, K. B., ... & Windle, R. A. (2017). Changes in US family finances from 2013 to 2016: evidence from the survey of consumer finances. Fed. Res. Bull., 103, 1. 

Bucks, B. K., Kennickell, A. B., & Moore, K. B. (2006). Recent changes in US family finances: Evidence from the 2001 and 2004 Survey of Consumer Finances. Fed. Res. Bull. A1, 92. 

Jones, L. E., & Michelmore, K. (2018). The Impact of the Earned Income Tax Credit on Household Finances. Journal of Policy Analysis and Management, 37(3), 521-545. 

Tsai, L. C. (2017). The Process of Managing Family Financial Pressures Upon Community Reentry Among Survivors of Sex Trafficking in the Philippines: A Grounded Theory Study. Journal of Human Trafficking, 3(3), 211-230. 

Velleman, R., Cousins, J., & Orford, J. (2015). Effects of gambling on the family. A clinician's guide to working with problem gamblers, 90-103. 

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StudyBounty. (2023, September 15). The Importance of Family Values.
https://studybounty.com/the-importance-of-family-values-coursework

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