Skip to main content
SpringerLink
Log in
Book cover

Turkish Economy pp 385–409Cite as

Palgrave Macmillan

Challenges of Turkish Family Businesses Related to Effective Management Strategies

  • Chapter
  • First Online:

Abstract

Interest in family businesses has recently been on the rise in Turkey. The main reason for this is that family firms dominate business life and make a big contribution to job creation and exports. However, running a family business poses intrinsic human dilemmas and unique challenges. Family dynamics tend to affect business dynamics and vice versa. Managing family relationships is an important characteristic of a family business. Managed effectively, a family business offers rewards on many fronts; if managed poorly, the business, including the family, may face many problems, leading to bankruptcy. Therefore, it is important to determine predictors of family business sustainability for the benefit of both the economy and the families owning firms.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Adizes, Ichak. 1988. Corporate Lifecycles: How and Why Corporations Grow and Die and What to Do About It. Englewood Cliffs: Prentice Hall.

    Google Scholar 

  • Ateş, Özgür. 2005. Aile Şirketleri:Değişim Ve Süreklilik. Ankara: ASO Yayınları.

    Google Scholar 

  • Bammens, Yannick, Wim Voordeckers, and Anita Van Gils. 2008. Boards of Directors in Family Firms: A Generational Perspective. Small Business Economics 31 (2): 163–180.

    Article  Google Scholar 

  • Benavides-Velasco, Carlos A., Christina Quintana-García, and Vanesa F. Guzmân-Parra. 2013. Trends in Family Business Research. Small Business Economics 40 (1): 41–57.

    Article  Google Scholar 

  • Berrone, Pascual, Cristina Cruz, Luis R. Gomez-Mejia, and Martin Larraza-Kintana. 2010. Socioemotional Wealth and Corporate Responses to Institutional Pressures: Do Family-Controlled Firms Pollute Less? Administrative Science Quarterly 55 (1): 82–113.

    Article  Google Scholar 

  • Brenes, Esteban R., Kryssia Madrigal, and Bernardo Requena. 2011. Corporate Governance and Family Business Performance. Journal of Business Research 64 (3): 280–285.

    Article  Google Scholar 

  • Cadbury, Sir Adrian. 2000. Family Firms and Their Governance: Creating Tomorrow’s Company from Today’s. London: Egon Zehnder International.

    Google Scholar 

  • Carlock, Randel S., and John L. Ward. 2001. Strategic Planning for the Family Business: Parallel Planning to Unify the Family and Business. London: Palgrave.

    Book  Google Scholar 

  • Cetin, Sefa, Yadigarjon Gayipov, and Tahir Akgemci. 2016. Problems and Solutions in Human Resources Management of Family Business: A Research in Konya City. Postmodern Openings 7 (1): 79–105.

    Article  Google Scholar 

  • Chittoor, Raveendra, and Ranjan Das. 2007. Professionalization of Management and Succession Performance – A Vital Linkage. Family Business Review 20 (1): 65–79.

    Article  Google Scholar 

  • Chrisman, James J., Jess H. Chua, and Pramodita Sharma. 1998. Important Attributes of Successors in Family Businesses: An Exploratory Study. Family Business Review 11 (1): 19–34.

    Article  Google Scholar 

  • Dana, Lucio E., and Kosmas X. Smyrnios. 2010. Family Business Best Practices: Where from and Where to? Journal of Family Business Strategy 1 (1): 40–53.

    Article  Google Scholar 

  • De Dreu, Carsten K.W., and Annelies E.M. Van Vianen. 2001. Managing Relationship Conflict and the Effectiveness of Organizational Teams. Journal of Organizational Behavior 22: 309–328.

    Article  Google Scholar 

  • Demir, Özcan, and Eray Ekin Sezgin. 2014. Aile İşletmelerinde Kurumsallaşma ve Sürdürülebilirlik: TRB1 Bölgesinde Yapılan Bir Araştırma. Turkish Studies 9 (5): 707–725.

    Google Scholar 

  • Erdoğmuş, Nihat. 2004. Aile İşletmeleri: İkinci Kuşağın Yetiştirilmesi. İstanbul: İGİAD Yayınları.

    Google Scholar 

  • Gage, David. 2004. The Partnership Charter: How to Start Out Right with Your New Business Partnership (or Fix the One You’re In). New York: Basic Books (AZ).

    Google Scholar 

  • Gomez-Mejia, Luis R., Katalin Takacs Haynes, Manuel Nuñez-Nickel, J. L.Jacobson Kathyrn, and José Moyano-Fuentes. 2007. Socio-Emotional Wealth and Business Risks in Family-Controlled Firms: Evidence from Spanish Olive Oil Mills. Administrative Science Quarterly 52: 106–137.

    Article  Google Scholar 

  • Grote, Jim. 2003. Conflicting Generations: A New Theory of Family Business Rivalry. Family Business Review 16 (2): 113–124.

    Article  Google Scholar 

  • Gur, Nurullah, and Nihat Alayoğlu. 2017. The Importance of Trust for Partnership and Collaboration in Volatile Economic Conditions. In Global Business Strategies in Crisis, ed. Ü. Hacioğlu, H. Dinçer, and N. Alayoğlu, 139–150. Cham: Springer International Publishing.

    Chapter  Google Scholar 

  • Gur, Nurullah, and Christian Bjørnskov. 2017. Trust and Delegation: Theory and Evidence. Journal of Comparative Economics 45 (3): 644–657.

    Google Scholar 

  • Iwasaki, Ichiro. 2014. Global Financial Crisis, Corporate Governance, and Firm Survival: The Russian Experience. Journal of Comparative Economics 42 (1): 178–211.

    Article  Google Scholar 

  • Kaye, Kenneth. 1996. When the Family Business Is a Sickness. Family Business Review 9 (4): 347–368.

    Article  Google Scholar 

  • Kaye, Kenneth, and Catherine McCarthy. 1996. Healthy Disagreements. Family Business, Autumn, 71–72.

    Google Scholar 

  • Kegan, Robert. 1982. The Evolving Self. Cambridge: Harvard University Press.

    Google Scholar 

  • Kellermanns, Franz W., and Kimberly A. Eddleston. 2004. Feuding Families: When Conflict Does a Family Firm Good. Entrepreneurship Theory and Practice 28 (3): 209–228.

    Article  Google Scholar 

  • ———. 2006. Feuding Families: The Management of Conflict in Family Firms. In Handbook of Research on Family Business, ed. Panikkos Zata Poutziouris, Kosmas X. Smyrnios, and Sabine B. Klein, 358–368. Cheltenham/Northampton: Edward Elgar.

    Google Scholar 

  • Kets De Vries, Manfred F.R. 1993. The Dynamics of Family Controlled Firms: The Good and the Bad News. Organizational Dynamics 21 (3): 59–71.

    Article  Google Scholar 

  • ———. 1996. Family Business: Human Dilemmas in the Family Firm. London: International Thomson Business Press.

    Google Scholar 

  • ———. 2017. Saving a Family Business from Emotional Dysfunction. Harvard Business Review, February. https://hbr.org/2017/02/saving-a-family-business-from-emotional-dysfunction. Accessed 16 July 2017.

  • Kets De Vries, Manfred F.R., and Randel S. Carlock. 2010. Family Business on the Couch: A Psychological Perspective. New York: John Wiley & Sons.

    Google Scholar 

  • Kula, Veysel. 2005. The Impact of the Roles, Structure and Process of Boards on Firm Performance: Evidence from Turkey. Corporate Governance 13 (2): 265–276.

    Article  Google Scholar 

  • Kula, Veysel, and Ekrem Tatoglu. 2006. Board Process Attributes and Company Performance of Family-Owned Businesses in Turkey. Corporate Governance: The International Journal of Business in Society 6 (5): 624–634.

    Article  Google Scholar 

  • Leach, Peter, and Tony Bogod. 1999. Guide to the Family Business. London: Kogan Page Publishers.

    Google Scholar 

  • Lief, Colleen, and Daniel Denison. 2005. How Family Business Culture Is Different. In Unconventional Wisdom: Counterintuitive Insights for Family Business Success, ed. John Ward, 57–76. West Sussex: John Wiley & Sons.

    Google Scholar 

  • Morris, Michael H., Roy O. Williams, Jeffrey A. Allen, and Ramon A. Avila. 1997. Correlates of Success in Family Business Transitions. Journal of Business Venturing 12 (5): 385–401.

    Article  Google Scholar 

  • Needles, Belverd E., Ahmet Turel, Dilek Sengur, and Aslı Turel. 2012. Corporate Governance in Turkey: Issues and Practices of High-Performance Companies. Accounting and Management Information Systems 11 (4): 510–531.

    Google Scholar 

  • Nicholson, Nigel. 2008. Evolutionary Psychology and Family Business: A New Synthesis for Theory, Research, and Practice. Family Business Review 21 (1): 103–118.

    Article  Google Scholar 

  • Peksaygılı, Mutlu, and Mehmet Ufuk Tutan. 2015. Aile İşletmelerinde Yönetim Devri ve Temel Kurumsallaşma Uygulamaları: Ege Otomotiv Derneği Üyeleri Çalışması. Journal of Yaşar University 10 (37): 6432–6441.

    Google Scholar 

  • Rutherford, Matthew W., Lori A. Muse, and Sharon L. Oswald. 2006. A New Perspective on the Developmental Model for Family Business. Family Business Review 19 (4): 317–333.

    Article  Google Scholar 

  • Sarbah, Alfred, and Wen Xiao. 2015. Good Corporate Governance Structures: A Must for Family Businesses. Open Journal of Business and Management 3: 40–57. https://doi.org/10.4236/ojbm.2015.31005.

    Article  Google Scholar 

  • Schwass, Joachim. 2005. Wise Growth Strategies in Leading Family Businesses. New York: Palgrave Macmillan.

    Google Scholar 

  • Strategi Co. 2015. Konya Kurumsal Yönetim Algı Araştırması Raporu. İstanbul: Türkiye Kurumsal Yönetişim Derneği.

    Google Scholar 

  • TUIK. 2016. Statistics. http://www.tuik.gov.tr/PreHaberBultenleri.do?id=21540. Accessed 16 July 2017.

  • Wilson, Nick, Mike Wright, and Louise Scholes. 2013. Family Business Survival and the Role of Boards. Entrepreneurship Theory and Practice 37 (6): 1369–1389.

    Article  Google Scholar 

  • Yazgan, Yankı. 2008. Aile Kalmak, Şirket Olmak. İstanbul: Türkiye Kurumsal Yönetişim Derneği.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. School of Business, Istanbul Medipol University, Istanbul, Turkey

    Huseyin Cirpan & Nihat Alayoglu

Authors
  1. Huseyin Cirpan
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Nihat Alayoglu
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Department of Economics School of Management and Administrative Sciences, Istanbul Sehir University, Istanbul, Turkey

    Ahmet Faruk Aysan

  2. Department of Economics and Finance School of Business, Istanbul Medipol University, Istanbul, Turkey

    Mehmet Babacan

  3. Department of Economics and Finance School of Business, Istanbul Medipol University, Istanbul, Turkey

    Nurullah Gur

  4. Department of Economics and Finance School of Business, Istanbul Medipol University, Istanbul, Turkey

    Hatice Karahan

Rights and permissions

Reprints and permissions

Copyright information

© 2018 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Cirpan, H., Alayoglu, N. (2018). Challenges of Turkish Family Businesses Related to Effective Management Strategies. In: Aysan, A., Babacan, M., Gur, N., Karahan, H. (eds) Turkish Economy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-70380-0_17

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-70380-0_17

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-70379-4

  • Online ISBN: 978-3-319-70380-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation