Social Networks of Family-Owned Businesses in Sri Lanka
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 3
Abstract
The development of Family-owned Businesses in developing countries including Sri Lanka is of great importance for increasing national production, providing employment for youth, developing rural and village industries, establishing a sound national industrial base, encouraging indigenous creativity and reducing the dependence on imported goods. Although the Family-owned Businesses are a vital instrument for realizing the above mentioned goals, the Family Business industrialists who are considered as a principal character, have a very poor survival rate in the economy. Thus, the problem in which the present research will concentrate entails developing a better understanding of how Family-owned Businesses can avoid failure and improve their effectiveness by using outside assistance. For this purpose a sample of 45 Family-owned Businesses were studied. The units of analysis were the network of actors offering support services to Family-owned Businesses and the entrepreneur skills. For simplicity only selected actors of support were considered, but particular attention paid to some intermediary actors who have served to activate, maintain and promote the resource networks with the Family Business.The statistical analysis model has provided significant statistical support for the acceptance that the successes of the Family-owned Businesses are closely related with the Social Networks and the Entrepreneur Skills.
Authors and Affiliations
Kumarasinghe P J
Keywords
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- EP ID EP409970
- DOI 10.9790/487X-2003070812.
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