CENTER OF FAMILY BUSINESS

Professionalisation – research

The more successful operation of individual family businesses and the greater growth of domestic family companies as a whole are hindered by a professionalisation deficit in comparison to their peers operating in more developed countries and larger companies.

The objective of our research is to evaluate and then regularly monitor the evolution of the four main dimensions of professionalisation (personal, material, cultural and family) in absolute and relative terms. The research model and case study will be presented in 2023.

We are conducting a large-scale questionnaire survey in cooperation with ’Opten’, with the support of the ’Grémium az Utódlásért Egyesület’ (2024). Based on a systematic review of international research and empirical experience, we have identified four main dimensions of professionalisation for family businesses, which I have weighted equally.

It can be reasonably assumed that the last of the four main dimensions of professionalisation (personal, material, cultural, family) – the structuring and clarification of the relationship between family and business – shows the greatest lag. This also impedes the further development of the other three professionalisation dimensions. The four main dimensions were broken down into sub-dimensions and measurable variables (operationalisation).