Orchestration to improve the performance and sustainability of family companies

Title : Orchestration to improve the performance and sustainability of family companies

Authors:
1. Sri Gunawan
2. Sugiarto Koentjoro

Department : Management

Journal Name : Cogent Business & Management

Kinds of Journal: Q2

Keywords: family company, managing conflict, managing knowledge, resource orchestration, corporate sustainability, corporate strategy

ABSTRACT

The purpose of this study is to identify the efforts made by family businesses to develop knowledge resources in order to improve innovative performance and market adaptability. This study employs a single case study exploratory design, with “in depth interviews” conducted with 9 participants from three companies in one group in Indonesia. The findings revealed a process of developing human and social capital resources to expand the company's knowledge resources. Other findings identified the critical processes of empowerment and authority coordination. It was used to establish a family business that encourages generational involvement and is capable of supporting the process of increasing knowledge resources. It was used to establish a family business that encourages generational involvement and is capable of supporting the process of increasing knowledge resources. Furthermore, this research can be a foundation for encouraging resource orchestration in family businesses to increase sustainability. It is one of the studies that integrates resource orchestration theory with management knowledge and explains the importance of creating a conducive family business for sustainability due to generational involvement.

For details : https://www.tandfonline.com/doi/abs/10.1080/23311975.2023.2176283