Public and Family Business into International Market - DOC

Added on - 06 Jun 2020

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Differences betweenpublic and familybusiness when goinginto internationalmarket.
Table of ContentsExecutive summary..........................................................................................................................1Background......................................................................................................................................1Methods..........................................................................................................................................1Findings and conclusions.................................................................................................................1Recommendations..........................................................................................................................1CHAPTER 1: INTRODUCTION..................................................................................................3CHAPTER 2: LITERATURE REVIEW........................................................................................7CHAPTER 3: RESEARCH METHODOLOGY...........................................................................18Introduction...............................................................................................................................18Types of investigation:.............................................................................................................18Research philosophy:...............................................................................................................18Research approach....................................................................................................................19Research design:........................................................................................................................19Data collection:........................................................................................................................19Sampling...................................................................................................................................20Data analysis.............................................................................................................................20Ethical consideration:...............................................................................................................21Research limitation:..................................................................................................................21Validity and reliable..................................................................................................................22CHAPTER 4: DATA ANALYSIS................................................................................................23CHAPTER 5: CONCLUSION AND RECOMMENDATION.....................................................44Conclusion................................................................................................................................44Recommendation......................................................................................................................47Personal development....................................................................................................................51References......................................................................................................................................54Appendix.......................................................................................................................................58
Executive summaryBackgroundFamily owned business is that business which is carried out family from generation togeneration. On the other hand public business is that business which is carried out by thegovernment and all its operations are carried out by government. The family business is carriedout in most of the countries and they are mostly known as independent private companies.MethodsIn the present report researcher will used the qualitative technique for carrying out thestudy. For collecting the data both primary anf secondary information will be used forcompleteing the present dissertation. To collect the information from primary sources surveywill be conducted. On the opther hand for collecing the secondary information researcher willused books, journals and articles. The literature work which is done by different authors willform the basis of the secondary data collection.The sample selection for this present study can beprobabilistic nature. The every unit in the population will have the equal chaces for beingselected. Random sampling method will be used under which questions will be asked from 50employees of both the public and family owned business. The questionnaire will be used forgetting the view points of emplopyees realted to effectivess of business in an internationalmarket.Findings and conclusionsIt is analysed that cultural differences is mostly seen issue in the international market. As thedifference in the culture are mostly seen whenever a company wants to operate in theinternational market. They have to make sure that they are not hurting any cultures sentimentswhile establishing their business. Another issue what they face is the government rules andregulations in the in international market, as they have to go by the laws of the government in themarket.RecommendationsIt is recommended that stakes are very important at the time of when it comes tosuccession planning for the business. There are effective planning which creates opportunitiesfor the family owned business to accomplish success in the international market. Therefore, it is1
important for the firm to define and address a company strategic goal and challenges. The canalso avoid conflict situation which can be take place due to family issues.2
CHAPTER 1: INTRODUCTIONBackground of studyFamily owned business is that business which is carried out family from generation togeneration. On the other hand public business is that business which is carried out by thegovernment and all its operations are carried out by government. The family business is carriedout in most of the countries and they are mostly known as independent private companies. Thiscan be stated as oldest common form of economic organisation (Holmes, Hoskisson andHolcomb, 2016). Public business is significantly different from the family owned business. Asthere is different in culture, strategy, capabilities and business model. Further it can be stated thatas compared to public organisation, family owned business have a more centralised businessmodels. While public business have more decentralised organisational structure. The role offamily ownership in international entrepreneurship has largely overlooked. It is identified thatthere are many issues and difficulties family business face at the time of crossing national border.The involvement of family in the business show it effects the management positively ininternationalization while they also do not agree on the effects which have family ownership.Rationale of researchThe present study will provide information relate to conflict or problem faced by thefamily owned business and public business at the time of going in international market. Thestudy contributes to family owned business and international entrepreneurship literature underwhich it explains the way family ownership affects internationalization (Minichilli, Brogi andCalabrò, 2016). Family business are those who operated in domestic markets but they basicallyfind themselves more responsible to over their business at international level. There is significantdifference in internationalization of family owned business which is different from publicbusiness. ThereAim: To explore the differences between public and family business when going intointernational market.ObjectivesTo ascertain the existence of any competitive benefit for family owned businesses whileentering international market.To measure the performance of both public company or family owned companyat aninternational level.3
To analyse the main elements of family owned business.To identify the level of issues faced by public company while entering the internationalmarket in comparison to family owned businesses.To recommend ways in which the identified problems can be resolved for a betterperformance of family owned businesses and public business at an international market.Research questionsWhat are the competitive benefit for family owned businesses while enteringinternational market.How to measure the performance of both public company or family owned companyatan international level.What are the main elements of family owned business.What are the level of issues faced by public company while entering the internationalmarket in comparison to family owned businesses.What are the ways in which the identified problems can be resolved for a betterperformance of family owned businesses and public company in an international market.Purpose of researchThere are many family owned business who are facing problem in carrying out thebusiness activities at international level and they are completely different from public company.The present research is conducted so that it become easy to understand the difference betweenpublic and family business when going into international market. Family business at present timeis performing well and they are expanding their business at international level (Calabrò, Brogiand Torchia, 2016). Therefore, it is important measure the performance of both public companyand private company who are operating the business at international level. So that it candetermine which is performing effectively and efficiently.Chapter structure:At the time of undertaking the research to follow the sequential pattern by following the welldefined structure. Therefore, this chapter can be followed by the following series which is asfollows:Chapter 1: Introduction: It is clear cut framework of the selected topic of presentresearch which will be provided by this chapter. Therefore, it will consist the overview4
of topic and followed by aims and aims objectives. This chapter consist purpose of theresearch and at the rationale of the research topic.Chapter 2: Literature review: In this chapter, there is detailed outline the significance andthe concepts of the research. There is the existence of any competitive benefit for familyowned businesses while entering international market is explained. The performance ofboth public company or family owned company at an international level is measured.The main elements of family owned business is explained. At last the level of issuesfaced by public company while entering the international market in comparison to familyowned businesses is identified. There is different area of research study which isundertaken for reaching the aim of present research. All the secondary research coveredin this chapter will be based on the published work and article which is written bydifferent authors.Chapter 3: Research methodology: The research methodology is the chapter which coverdifferent methods of selection of the techniques which take research in a right direction.There are different tools and techniques which is used for taking dissertation at the rightdirection. Further this chapter will consist the limitation and ethical consideration and allthe resources which is used by researcher.Chapter 4: Data analysis and finding: In this chapter all the collected data is analysedwith the use of tools and techniques.Chapter 5: Conclusion and recommendation- This chapter will present the findings and itderived out after the analysis of collected data. After this recommendation is provided bythe scholarFramework and analysisIt is important step which is required at the time of collecting the information from theright sources. This help in making right decisions so that proper conclusion can be get for thesame.There are some steps in this regard which are as follows:Design of research:In the present dissertation explanatory research design will be usedfor carrying out the study. Further this design will help in getting the information which iseffective meaningful related to the present topic.5
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