Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan
Abstract The paper presents the results of strategies and objectives research on family entrepreneurship in two very different countries. Based on study strategies of sustainability, competitiveness, growth, and human resources care were identified. In addition, financial and non-financial objective...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2025-06-01
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| Series: | Future Business Journal |
| Online Access: | https://doi.org/10.1186/s43093-025-00545-3 |
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| _version_ | 1849434225596432384 |
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| author | Marie Mikušová Václav Friedrich Muhammad Kamal Subhani |
| author_facet | Marie Mikušová Václav Friedrich Muhammad Kamal Subhani |
| author_sort | Marie Mikušová |
| collection | DOAJ |
| description | Abstract The paper presents the results of strategies and objectives research on family entrepreneurship in two very different countries. Based on study strategies of sustainability, competitiveness, growth, and human resources care were identified. In addition, financial and non-financial objectives were defined, which included family beliefs, family and business interaction, business and community interaction, and succession. A research question has been formulated: do the strategies and key objectives of family business owners in the Czech Republic and Pakistan differ? About 400 responses from family business owners in each country were statistically evaluated. The dependence of strategies and objectives on the generations of owners and their education, control bodies, managers, age and size of the business, and the industry in which it operates were examined. The research results show that despite major economic, cultural and historical differences between the two countries, no significant differences were defined in used strategies and key objectives. This advancing cross-cultural family business research reveals universal characteristics of family business strategy which unite entrepreneurial families across different countries, and provide valuable insights that can guide the development of specialized programs and resources. |
| format | Article |
| id | doaj-art-d81a99072023406ebc9b3d2ca3dc2b1d |
| institution | Kabale University |
| issn | 2314-7210 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Future Business Journal |
| spelling | doaj-art-d81a99072023406ebc9b3d2ca3dc2b1d2025-08-20T03:26:43ZengSpringerOpenFuture Business Journal2314-72102025-06-0111113010.1186/s43093-025-00545-3Do economic and cultural differences influence family businesses? Comparative study from Czechia and PakistanMarie Mikušová0Václav Friedrich1Muhammad Kamal Subhani2Technical University of OstravaTechnical University of OstravaTechnical University of OstravaAbstract The paper presents the results of strategies and objectives research on family entrepreneurship in two very different countries. Based on study strategies of sustainability, competitiveness, growth, and human resources care were identified. In addition, financial and non-financial objectives were defined, which included family beliefs, family and business interaction, business and community interaction, and succession. A research question has been formulated: do the strategies and key objectives of family business owners in the Czech Republic and Pakistan differ? About 400 responses from family business owners in each country were statistically evaluated. The dependence of strategies and objectives on the generations of owners and their education, control bodies, managers, age and size of the business, and the industry in which it operates were examined. The research results show that despite major economic, cultural and historical differences between the two countries, no significant differences were defined in used strategies and key objectives. This advancing cross-cultural family business research reveals universal characteristics of family business strategy which unite entrepreneurial families across different countries, and provide valuable insights that can guide the development of specialized programs and resources.https://doi.org/10.1186/s43093-025-00545-3 |
| spellingShingle | Marie Mikušová Václav Friedrich Muhammad Kamal Subhani Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan Future Business Journal |
| title | Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan |
| title_full | Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan |
| title_fullStr | Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan |
| title_full_unstemmed | Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan |
| title_short | Do economic and cultural differences influence family businesses? Comparative study from Czechia and Pakistan |
| title_sort | do economic and cultural differences influence family businesses comparative study from czechia and pakistan |
| url | https://doi.org/10.1186/s43093-025-00545-3 |
| work_keys_str_mv | AT mariemikusova doeconomicandculturaldifferencesinfluencefamilybusinessescomparativestudyfromczechiaandpakistan AT vaclavfriedrich doeconomicandculturaldifferencesinfluencefamilybusinessescomparativestudyfromczechiaandpakistan AT muhammadkamalsubhani doeconomicandculturaldifferencesinfluencefamilybusinessescomparativestudyfromczechiaandpakistan |