FACTORS THAT INFLUENCE PERFORMANCE OF FAMILY BUSINESS IN MELAKA, MALAYSIA

Sentot Imam Wahjono; Harnida Hanim Binti Abdul Hamid; Hasan Saleh; Anna Marina

doi:10.30651/blc.v12i02.1562

Authors

Sentot Imam Wahjono Universiti Teknikal Melaka
Harnida Hanim Binti Abdul Hamid Universiti Teknikal Melaka
Hasan Saleh Universiti Teknikal Melaka
Anna Marina Universitas Muhammadiyah Surabaya

DOI:

https://doi.org/10.30651/blc.v12i02.1562

Abstract

ABSTRACTÂ

Â Â Â Â Â Â Â Â Â Â Â That family business are important and affect the economy of a country especially in developing countries both in terms of contributions to GDP and labor absorption. The purpose of this paper is to identify factors affecting the performance of family business run by women entrepreneurs in Melaka, Malaysia. This study used a quantitative approach, by distributing and collecting questionnaires from 150 female respondents who have their own business. This study found evidence that goals and motivations, networks, and sales affect the performance of family firms. While management practices are not important. The implication of this research is that women entrepreneurs consulting, management and business counseling and training activities are not needed in developing and enlarging their business.

Â

KeywordsÂ : Family business, Business Performance, management practices.

Correspondence toÂ :wahjonos@gmail.com, nieda_anim@yahoo.com, a_m_rina@yahoo.com, hasansaleh@utem.edu.my

Author Biographies

Sentot Imam Wahjono, Universiti Teknikal Melaka

Manajemen

Harnida Hanim Binti Abdul Hamid, Universiti Teknikal Melaka

Manajemen

Hasan Saleh, Universiti Teknikal Melaka

Manajemen

Anna Marina, Universitas Muhammadiyah Surabaya

Akuntansi

References

Aida, Aris, (2009) â€œManagement Styles and Innovation in Women Owned Enterprises,â€ African Journal of Business Management, vol.3, no. 9, pp 416-425.

Barrett, M. and Moores, K. (2009). Spotlights and Shadows: Preliminary findings about The Experience of Women in Family Business Leadership Roles. Journal of Management & Organization, 15(3): 363-377.

Gallo, M.A., Klein, S. ;Montemerlo, D. ; TÃ pies, J. ; Tomaselli, S. and Cappuyns, K. (2006) From the founder to Multi Generational Family Business: The familyâ€™s Crucial Role as an Owner for Longevity.

Hall, Anika, MattiasNordqvist. (2008). Professional Management in Family Businesses: Toward an Extended Understanding. Family Business Review. vol. XXI, no. 1, March, pp. 51-68.

Jinwen, Zhong&Xiaoying, Zhang (2011). The Study of Family Business Growth, MSIE IEEE, 828-832.

Lee, Jim. (2006). Family Firm Performance, Further Evidence. Family Business Review. Vol. 19, Issue 2, pp. 103-114.

Nadgrodkiewicz, A. (2011), â€œEmpowering Women Entrepreneurs: The Impact of the 2006 Trade Organizations Ordinance in Pakistanâ€, Center for International Private Enterprise; available at http://www.cipe.org/publications/fs/pdf/042911.pdf; last accessed on 29/10/2011.

Nordin, M. (2005).Woman in business: Determinants for venturing in Malaysian SMEs. Retrieved December 6, 2006 from www.tbs.ubbcluj.ro/studia/articol

Valencia, M. M. (2006). Female Entrepreneurs: Past, Present and Future. Retrieved October 8, 2006, from http://www.cladea.org/leadership/textos/FEMALE

Van Auken, H., & J. Werbel. (2006). Family Dynamic and Family Business Financial Performance: Spousal Commitment. Family Business Review. 19 (1): 49-63.

Wahjono, Sentot Imam. (2010). Bisnis modern. PenerbitGrahaIlmu: Yogyakarta.

Wahjono, Sentot Imam. (2012). Strengthening Family Business in the Muhammadiyah to Improve the Power of Moslem Community Facing ASEAN Community 2015.

International Conference on Strengthening The Moslem Community in the South Asia Region toward ASEAN Community 2015, University of Muhammadiyah Malang Indonesia, 14-16 June 2012, ISBN no: 978-979-796- 230-2, pp. 171-178.

Zain, ZahariahMohd, NorbaitiTukiman, Rafidah Abdul Karim. (2012). Women-Owned SMEs in Malaysia: Problems and Chalenges. IEEE Symposium on Humanities, Science and Engineering Research. Pp. 1211-1215.