Analyses of business owners from whom data were gathered in 1997 and 2000 are used to predict two family business phenomena: the continued involvement by the owner-manager in the business and the continuation of the business. The most important factor in continuity is the respondent's assessment of the business as a success; successful businesses continue or are sold or gifted when the owner-manager leaves the business. Ceasing to be involved in a business should not be viewed as a business or a managerial failure. Some changes may be failures, but others should be viewed as ordinary business or family developments.
Four gender/role categories are compared to ascertain the influence that gender and management roles and related characteristics have on adjustment strategies selected during hectic times in the family or the family business. The five adjustment strategies involve reallocation of family or business tasks, intertwining tasks, using volunteer help and hiring outside help. Data are from the 1997 National Family Business Study (n = 673). Findings from multiple regression analysis indicate that, with the exception of intertwining tasks, there are not significant differences between men and women on adjustment strategies when controlling for family and business demands and human resources. Single-role managers are more likely to reallocate family resources to the business than are two-role managers, regardless of gender.
This study divided households in which at least one member is involved in managing a family business into two groups: those in which one individual performs two roles, family manager and business manager, and those in which two different individuals perform the two roles. The study compares adjustment strategies that the two groups use to manage the overlap of business and family demands within and across the two family types. Findings suggest that the individual performing dual roles is more likely than two separate managers to make adjustments by bringing the household responsibilities to the business and the business responsibilities home.
