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Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa
Dissertation (MBA)--University of Pretoria, 2014.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2015
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| _version_ | 1867613552140877824 |
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| access_status_str | Open Access |
| author2 | Marks, Jonathan |
| author_browse | Marks, Jonathan |
| author_facet | Marks, Jonathan |
| collection | Thesis |
| dc_rights_str_mv | © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2014. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/44122 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:57.427Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/44122 Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa Marks, Jonathan ichelp@gibs.co.za Oliveira, Angelo UCTD Family-owned business enterprises -- South Arica Strategic planning Qualitative research Dissertation (MBA)--University of Pretoria, 2014. To date various studies have been conducted on family business behaviour and how they survive around the world. This is owning to the high prevalence of family businesses in countries around the world and as a result the contribution family businesses make to factors such as GDP and employment. Sustainable family businesses that experience growth and diversification are therefore important in the economies that they operate in. Family businesses are however said to be risk averse when diversification opportunities arise, favouring to forgo growth in favour of the safe keeping of the families’ wealth, known as Socio-Emotional Wealth. This study seeks to discover how family businesses grow by way of diversification and given the dynamics of families and the businesses they run, how do different generations perceive such growth. Thirteen successful family businesses took part in this study, which was exploratory and qualitative in design. Using Socio-Emotional Wealth as a lens for understanding family business decision-making we are able to discover how this framework influences the preservation mind-set. Five themes emerged from the interview data indicating the importance families place on these themes, which included growth; diversification; autonomy; environmental constructs and generational perceptions. The themes that emerged influence the way in which the family business sees growth and ultimately decisions relating to Socio-Emotional Wealth. lmgibs2015 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2015-03-23T12:24:52Z 2015-03-23T12:24:52Z 2015-04-24 2014 Mini Dissertation Oliveira, A 2014, Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/44122> http://hdl.handle.net/2263/44122 en © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Family-owned business enterprises -- South Arica Strategic planning Qualitative research Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title | Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title_full | Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title_fullStr | Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title_full_unstemmed | Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title_short | Socio-emotional wealth as a controlling factor in diversification decisions in family businesses in South Africa |
| title_sort | socio emotional wealth as a controlling factor in diversification decisions in family businesses in south africa |
| topic | UCTD Family-owned business enterprises -- South Arica Strategic planning Qualitative research |
| url | http://hdl.handle.net/2263/44122 |