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2020 | OriginalPaper | Buchkapitel

12. Case Study 3: Ugarak Product—Preserving Socioemotional Wealth in the Family Business

verfasst von : Veland Ramadani, Esra Memili, Ramo Palalić, Erick P. C. Chang

Erschienen in: Entrepreneurial Family Businesses

Verlag: Springer International Publishing

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Abstract

Ugarak Product is a family business manufacturing all types of products with various dimensions of windows with and without shutters, doors, hanging glass facades, winter gardens, multipurpose kiosks, business buildings, interior and exterior window benches. Also, it produces and installs a high-quality PVC joinery and aluminum metalworks. It runs from three offices. The headquarter is located in home town, Visoko, Bosnia and Herzegovina. The remaining two offices are, one in Sarajevo, and the other one is in Munich, Germany. Currently, the family enterprise is run by a young team, led by the 39-year-old CEO, who perceives the family business as successful in the future.
This case study is interesting to discuss the further succession of the family business while preserving the socioemotional wealth of the family enterprise. It will be interesting to explore the fact that coming generations are the one who may make or break the preserved values of the firm.

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Fußnoten
1
Bosnia and Herzegovina is often called Bosnia only. It is because rarely people of Bosnia and Herzegovina call it by its full name. So in further text Bosnia will be used.
 
Literatur
Zurück zum Zitat Astrachan, J. H., & Jaskiewicz, P. (2008). Emotional returns and emotional costs in privately held family businesses: Advancing traditional business valuation. Family Business Review, 21(2), 139–149.CrossRef Astrachan, J. H., & Jaskiewicz, P. (2008). Emotional returns and emotional costs in privately held family businesses: Advancing traditional business valuation. Family Business Review, 21(2), 139–149.CrossRef
Zurück zum Zitat Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 20, 1–22. Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 20, 1–22.
Zurück zum Zitat Gómez-Mejía, L. R., Haynes, K. T., & Núñez-Nickel, M. (2007). Socioemotional wealth and business risk in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1), 106–137.CrossRef Gómez-Mejía, L. R., Haynes, K. T., & Núñez-Nickel, M. (2007). Socioemotional wealth and business risk in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1), 106–137.CrossRef
Zurück zum Zitat Ramadani, V., & Hoy, F. (2015). Context and uniqueness of family businesses. In Family businesses in transition economies (pp. 9–37). Cham: Springer. Ramadani, V., & Hoy, F. (2015). Context and uniqueness of family businesses. In Family businesses in transition economies (pp. 9–37). Cham: Springer.
Metadaten
Titel
Case Study 3: Ugarak Product—Preserving Socioemotional Wealth in the Family Business
verfasst von
Veland Ramadani
Esra Memili
Ramo Palalić
Erick P. C. Chang
Copyright-Jahr
2020
Verlag
Springer International Publishing
DOI
https://doi.org/10.1007/978-3-030-47778-3_12