DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-3,Issue-5 ( May, 2017 ) | |||||||||
Paper Title |
The Cultural Foundations of Successful Family Business Management: Critical Review | |||||||||
Author Name |
Vikramsing Gunga, Vishal Chandr Jaunky, Vani Ramesh | |||||||||
Affilition |
Open University of Mauritius Mauritius, Luleå University of Technology, Sweden, REVA University Bangalore, India | |||||||||
Pages |
135-142 | |||||||||
Abstract |
This study intends to examines what makes Successful Family Business unique with a frame work Hofstede's cultural dimension`s theory. Hofstede developed his original model, the original theory proposed four dimensions along which cultural values could be analyzed: individualism-collectivism; uncertainty avoidance; power distance (strength of social hierarchy) and masculinity-femininity (task orientation versus person-orientation). Independent research in Hong Kong led Hofstede to add a fifth dimension, long-term orientation, to cover aspects of values not discussed in the original paradigm. In 2010, Hofstede added a sixth dimension, indulgence versus self-restraint. The theory has been widely used in several fields as a paradigm for research, particularly in cross-cultural psychology, and this paper is a critical analysis of influence of cultural dimension on the success of family business as a contribution for the existing literature. Key Words- Family Business, Cultural Foundations, Review, Success. | |||||||||
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