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Specifics of Czech Family Firms, their Influence on Business Performance and Value Creation
Srbová, Pavla ; Knápková, Adriana (referee) ; Koráb, Vojtěch (referee) ; Rydvalová, Petra (referee) ; Režňáková, Mária (advisor)
Many family business owners in the Czech Republic currently deal with the first generational exchange. Thus, they are faced with what might be the value of their company. The research is focused on Czech family businesses and their specifics. The objective of the thesis is to describe Czech family business specifics and to determine their relevance to family business performance and value creation. In the theoretical part of the thesis the definition of family business is presented, and the specificity of family businesses is described. The specifics are categorised into three sections: control of the family business; long-term sustainability of family business; social responsibility of family business owners and family relationships. Sustainability is a long-term priority in family-run business. Also, the family control of the business, both ownership and managerial, is important to keep long-term sustainable business in the family. Furthermore, establishing and maintaining good relations with family members, employees and the company's environment (e.g. supporting socially beneficial activities) is core for a successful company. Based on the literature review, a three-factor model of family business specifics was designed. The model was further verified on the data obtained from the questionnaire survey. In the next section, the theoretical part focuses on approaches used to measure the performance and value of the family business. It summarises performance indicators and presents a method for business value estimation, considering family business specifics. The analytical section of the thesis presents the Czech family business (MSMEs) specifics. Compared to foreign research findings: the analysed businesses have a shorter history; mostly do not plan in long-term; owners are often more willing to accept non-family investors; and family members are not commonly preferred when hiring employees. Although owners do not draw up strategic plans, they have long term goals and want to pass the business on to their children. Next, the study examined the relation of these specifics and the performance, and value creation ability of the family business. The proposed factor of familiness representing social responsibility and family relationships was found to affect business performance and the ability to create value for their owners.
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Development Strategy of Family Business
Šoltová, Dagmar ; Šimberová, Iveta (referee) ; Koráb, Vojtěch (advisor)
This diploma thesis deals with strategy development of family business. The theoretical approach is focused on the basic knowledge, which is used to analyze the current state of the business. Simultaneously, the specifics of the family business are introduced. The results of strategy analysis serve as a basis for making proposals to solve the identified shortcomings.
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Factors affecting the performance of small and medium-sized family business in the wine sector
Murínová, Anastasia ; Gregar, Aleš (referee) ; Korytárová, Jana (referee) ; Váchal, Jan (referee) ; Koráb, Vojtěch (advisor)
Byly provedeny dva empirické výzkumy: kvalitativní a kvantitativní. Výsledkem kvalitativního výzkumu jako pilotní studie bylo porozumění současné situaci a vytvoření koncepčního rámce rodinného podnikání v odvětví vína v České republice s ohledem na výsledky výzkumu literatury. V důsledku kvantitativního výzkumu byly navíc zkoumány vztahy mezi hlavními konkurenčními taktiky a výkonnosti rodinného podniku, a to s ohledem na generační fázi rodinných firem. Otevřené kódování bylo použito v prvním výzkumu. Použití testu Mann-Whitney U umožnilo určit významný rozdíl mezi využitím konkurenční taktiky vybranými rodinnými firmami s ohledem na generační fázi. Aplikací korelační a regresní analýzy výzkum pomohli zjistit vztahy mezi konkurenčními taktiky a výkonnosti rodinného podnikání obecně a taky vzhledem ke generační fáze vybraných vinařských rodinných firem v České republice.
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Development of Agrotourism in the Agricultural Company
Pecinová, Iveta ; Pinnerová, Eliška (referee) ; Koráb, Vojtěch (advisor)
This master’s thesis deals with a business project concerning development of agricultural tourism along with farming business. In the first part of the work there are basic terms referring to agriculture, small family businesses and agricultural tourism defined. The following part of this thesis is the present situation analyses of a particular agricultural business. a business plan regarding a development of agricultural tourism in an agricultural business is designed on the basis of gained information further in practical part of the work.
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The Proposal for Development of Family Wine Shop in Prostějov
Obořilová, Tereza ; Procházková, Lenka (referee) ; Bumberová, Veronika (advisor)
The diploma thesis deals with evaluation of the current state of the Vinotéka Rek family business and results in a strategy of its further development. The first theoretical part is based on the theoretical backgrounds focusing on the development and growth of entrepreneurship in particular small and family businesses, the context of strategic management within the development of companies and also on selected analytical and research methods that examine the internal, external and market environment of the company. The second, analytical part of the thesis contains the practical application of the methods to the selected company, the identification of key factors and impacts on the company and the evaluation of the overall results for the subsequent selection of the appropriate development variant. Third, the part of proposals builds on the results of the analyzes and processes the selected variant of the development strategy, including the implementation steps and the benefits of the proposals.
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Development of a Small Family Business
Baranyiová, Lucie ; Hrdinová, Lenka (referee) ; Koráb, Vojtěch (advisor)
This bachelor's thesis with the topic "Development of a small family business" will deal with the development of the family restaurant Mazany anděl, located in the city of Brno in the South Moravian region. The intention will be innovations in terms of improvements in the distribution of hot food and bottled wines. The company will be subjected to SWOT analysis, SLEPT analysis, Porter analysis, etc. Conclusion of this work should be the application of improvements and changes in this company.
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Development Strategy of Technological Family Business
Kuběnová, Lucie ; Bumberová, Veronika (referee) ; Koráb, Vojtěch (advisor)
The diploma thesis focuses on the strategic development of the technological family business Karel Kuběna s.r.o. operating in the field of optics. First, it defines and explains the basic concepts related to the problem. It focuses in more detail on the specifics of family businesses and a description of individual strategic analyzes. The information obtained is used to process a strategic analysis, the results of which lead to the design of a development strategy and further direction of the company in order to strengthen its position in the market.
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Development of a Small Family Business
Nováková, Eliška ; Konečný, Štěpán (referee) ; Koráb, Vojtěch (advisor)
The bachelor thesis deals with the development of a small family business. The theoretical part contains business papers. This is followed by an analytical section describing in detail both the internal and external environment of a specific business. Its‘ position is determined, based on the strategic analysis, then things are designed to help increase the company revenue. The last part includes several suggestions, that should result in the higher sales.
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