This book introduces a 'triple-bottom-line' approach to the concept and practice of family business sustainability. It is geared towards a broad audience covering social, economic, and environmental issues, to focus on implementation of sustainable practices. Having this in mind, this book provides possible ways of successfully managing family businesses in a sustainable manner, which should also lead to long-term business longevity.

The social perspectives addressed by this book discuss the social responsibility of the family business, using a two-way approach contributing to the development of society. The economic outlook is introduced by aiming at a sustainable competitive advantage with an economic impact, and how a family business should adapt to changes and be proactive to gain economic sustainability. The environmental dimension is focused on actions against global warming and global agreements aimed at businesses to change their policies to prioritize the environment as part of their strategy. This book thus explores possibilities for family firms to add values along all chains in business activities and to contribute to introducing green environment products, or environmentally safe products.

Each part of the book represents an important pillar of the family business unit that helps the firm to achieve and sustain its competitive advantage using the triple-bottom-line approach. Besides the objectives and the content, each chapter provides one short story applicable to a chapter's content and a case study for each chapter or topic. As learning tools besides case studies, the book provides key summaries, terminology, group assignments, and projects.

Offers practical case-studies in managing the triple-bottom-line approach to sustainability Provides patterns for family business to stay on track of long-term sustainability Connects theory and practice for the classroom as well as for companies

Autorentext

Veland Ramadani is a Professor of Entrepreneurship and Family Business at the Faculty of Business and Economics, South-East European University, North Macedonia. His research interests include entrepreneurship, small business management, and family businesses. He authored or co-authored several research articles, textbooks, and edited volumes. He has published in the Journal of Business Research, Technological Forecasting and Social Change, Review of Managerial Science, Technology in Society, International Journal of Entrepreneurial Behavior & Research, and Management Decision, among others. In 2017, he was appointed as a member of the Supervisory Board of the Development Bank of North Macedonia, where for ten months served as an acting Chief Operating Officer (COO) as well. Erick P.C. Chang is an Associate Professor of Management at Neil Griffin College of Business at Arkansas State University (USA). He comes from an entrepreneurial family, who has run businesses in Guatemala, the U.S., and other countries over the last 5 generations. He has published in the Journal of Business Venturing, Entrepreneurship: Theory and Practice, and Family Business Review, among others. He is an editorial board member of Family Business Review and Journal of Family Business Strategy. His achievements include Arkansas Governor's Cup as an advisor; C. Sam Walls Entrepreneurship Educator of the Year for Arkansas, A-State Service Faculty Award; and other prominent achievements. Ramo Palalic is an Assistant Professor at the Management Department, College of Economics and Political Science, Sultan Qaboos University, Oman. Dr Palali has authored and co-authored many articles in globally recognised journals like Management Decision, International Journal of Entrepreneurial Behavior & Research, International Entrepreneurship and Management Journal, and alike. Additionally, he has co-authored/co-edited several books and many book chapters in the field of entrepreneurship. Moreover, Dr. Palali is serving as the Co-Editor in Chief of Gestion 2000 Journal, Associate Editor of Asia Pacific Management Review, Enterprising Communities (JEC), and Heritage and Sustainable Development (HSD). Additionally, he is an active reviewer and editorial board member in several well-established international journals. Esra Memili is an Associate Professor of Entrepreneurship and Dean's Notable Scholar at the Bryan School of Business and Economics, University of North Carolina-Greensboro (USA). She is the author of manuscripts that have appeared in Entrepreneurship Theory and Practice, Global Strategy Journal, Long Range Planning, Family Business Review, Journal of Small Business Management, Journal of Family Business Strategy, Small Business Economics, and others. She is an Associate Editor at Journal of Family Business Strategy and an Editorial Review Board member of the Journal of Management Studies, Family Business Review, Journal of Leadership and Organizational Studies, Entrepreneurship Research Journal, and the International Journal of Management and Enterprise Development. Dr. Memili has recently published a co-edited book titled The Palgrave Handbook of Heterogeneity among Family Firms.

Inhalt

1. Sustainable Family Businesses: Concepts and Typology.- 2. Sustainability and Competitive Advantage in Family Businesses.- 3. Sustainable Finance in Family Businesses.- 4. Sustainable Human Resource Management in Family Businesses.- 5. Sustainable Marketing and Public Relations in Family Businesses.- 6. Sustainable Operations and Supply Chain Management in Family Businesses.- 7. Sustainable Research and Development in Family Businesses.- 8. Sustainable Global Operations in Family Businesses.- 9. Towards the Long-Term Sustainability through Leadership in Family Businesses.