Growth strategy for family-owned businesses. The case of JHV-Engineering s .r .o.

Daria Hvizdalova

Master's thesis

Abstract:

A family business is a commercial organization in which leadership is influenced by multiple generations of a family. Family-owned businesses are, in the essence, pursuing the same goals and facing the same concerns as any public companies—strategic planning, finance, tax, operational effectiveness, compliance, competition, people management, technological progress, and of course, growth. However, an additional concern is that for a family business, business strategy must also embed the unique needs of the family—including succession and financial planning, long-term stewardship, family relationship management. Healthy growth of family requires finding a balance between growth and sustaining a high level of quality, profitability and caring organizational culture, which is a challenge without careful planning. The goal of this thesis is to identify the barriers for business growth of JHV-Engineering, taking into the account the abovementioned specific concerns of family ownership, and provide practical recommendations.

Abstract:

A family business is a commercial organization in which leadership is influenced by multiple generations of a family. Family-owned businesses are, in the essence, pursuing the same goals and facing the same concerns as any public companies—strategic planning, finance, tax, operational effectiveness, compliance, competition, people management, technological progress, and of course, growth. However, an additional concern is that for a family business, business strategy must also embed the unique needs of the family—including succession and financial planning, long-term stewardship, family relationship management. Healthy growth of family requires finding a balance between growth and sustaining a high level of quality, profitability and caring organizational culture, which is a challenge without careful planning. The goal of this thesis is to identify the barriers for business growth of JHV-Engineering, taking into the account the abovementioned specific concerns of family ownership, and provide practical recommendations.

Keywords

growth, family business, strategy

Keywords

family business, strategy, growth

Language used: English

Date on which the thesis was submitted / produced: 8. 1. 2017

Thesis defence

• Date of defence: 7. 9. 2017
• Supervisor: Jiří Hnilica
• Reader: Alois Blažek

Vysoká škola ekonomická v Praze

Master programme / field:
Ekonomika a management / International Management