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.
International Journal of Management Practice, 2010 Vol.4 No.3, pp.306 - 330
Available online: 11 Nov 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article