Title: Constructing a performance measuring model for small and medium sized family businesses

Authors: Yong Wang, Pervaiz K. Ahmed

Addresses: Wolverhampton Business School, University of Wolverhampton, Nursery Street, Wolverhampton, WV1 1AD, UK. ' School of Business, Monash University, Jalan Lagoon Selatan, 46150 Bandar Sunway, Selangor Darul Ehsan, Malaysia

Abstract: Recent recognition of the intertwinement of family and business aspects in family firms has led to the perspective that family business performance should be assessed from both family and business angles. The focus of this conceptual paper is the elaboration of a performance measurement model aligned with this perspective. The proposed framework captures all quoted performance measurements within the two proposed constructs, namely leading and lagging constructs. Each construct is further dichotomised into the family and family business dimensions, mirroring the complexity of family business performance. It is anticipated that this conceptual exploration will surface debate on the uniqueness of family business performance appraisal.

Keywords: performance measurement; small and medium-sized enterprises; SMEs; leading constructs; lagging constructs; dichotomisation; complexity; business performance appraisal; management practice; family businesses.

DOI: 10.1504/IJMP.2010.036832

International Journal of Management Practice, 2010 Vol.4 No.3, pp.306 - 330

Published online: 11 Nov 2010 *

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