AAA

The challenges of talent management - the comparison of family and non-family business sector

Agnieszka Springer, Alicja Hadryś-Nowak

Abstract

In practical terms of human resource management, the implementation of talent management (TM) is increasingly believed to be a way of building competitive advantage of the company. Despite numerous publications about TM, it was noticed that there are none considering those processes implemented in the family-owned business, especially in Polish market. The main aim of this article was to assess the major differences of TM processes between family and non-family companies. Four separate research areas were taken into account: strategy formulating, identifying and recruiting talents, assessing key employees and finally, motivating them. Collected results indicate that family businesses are doing slightly better with the implementation of TM processes than the non-family Polish companies. This difference, however, is relatively small and mainly concerns the area associated with the formulation and implementation of strategy, achieving significantly better ratings in 4 from the 9 evaluated variables. At the same time, there are no differences in terms of TM between family companies and non-family ones which are large or have a foreign capital.

Bibliography

  • Anderson R., Reeb D., Founding-family ownership and firm performance: Evidence from S&P 500, „Journal of Finance” 2003, Vol. 58, No. 3, s. 1301-1328, http://dx.doi.org/10.1111/1540-6261.00567.
  • Benavides-Velasco C.A., Quintana-Garcia C., Guzman-Parra V.F., Trends in the family-business research, „Small Business Economics”, 2013, Vol. 40, No. 1, s. 41-57, http://dx.doi.org/10.1007/s11187-011-9362-3.
  • Bertrand M., Schoar A., The Role of Family in Family Firms, „The Journal of Economic Perspectives” 2006, Vol. 20, No. 2, s. 73-96, http://dx.doi.org/10.1257/jep.20.2.73.
  • Chua J.H., Chrisman J.J., Sharma P., Defining the Family Business by Behavior, „Entrepreneurship Theory and Practice” 1999, Vol. 23, No. 4, s. 19-39.
  • Egerova D. (ed.), Integrated talent management. Challenge and future for organizations in Visegrad countries, Nava, Pilzno 2013.
  • Ingram T. (red.), Zarządzanie talentami. Teoria dla praktyki zarządzania zasobami ludzkimi, PWE, Warszawa 2011.
  • Leczykiewicz T., Springer A., /i>Zarządzanie talentami w polskich przedsiębiorstwach w porównaniu z krajami grupy wyszehradzkiej, „Roczniki Naukowe Wyższej Szkoły Bankowej w Toruniu” 2014, nr 13, s. 139.
  • Mathews J.A., A resource-based view of Schumpeterian economics dynamics, „Journal of Evolutionary Economics” 2002, Vol. 12, No. 1, s. 29-54, http://dx.doi.org/10.1007/s00191-002-0106-z.
  • McCauley C., Wakefield M., Talent Management in the 21st Century: Help Your Company Find, Develop, and Keep its Strongest Workers, „The Journal for Quality and Participation” 2006, Vol. 29, No. 4, s. 4-7.
  • Mihelic K.K., Plankar K., The growing importance of talent management, [w:] An Enterprise Odyssey. International Conference Proceedings, University of Zagreb, 2010, s.1251-1263.
  • Pearson A., Lumpkin T., Measurement in family business research: How do we measure up?, „Family Business Review” 2011, Vol. 24, No. 4, s. 287-291, http://dx.doi.org/0.1177/0894486511426967.
  • Pruis E., The five key principles for talent, „Development Industrial and Commercial Training” 2011, Vol. 43, No. 4, s. 206-216, http://dx.doi.org/10.1108/00197851111137825.
  • Remillard B., Motivating top talent in de-motivating times, „Ceramic Industry” 2012, http://www.ceramicindustry.com/articles/92706-motivating-top-talent-in-de-motivating-times.
  • Silzer R., Dowell B.E., Strategy-Driven Talent Management. A Leadership Imperative, John Wiley & Sons, San Francisco 2010.
  • Williamson D., Talent management in the New business Word, „Human Resource Management International Digest” 2011, Vol. 19, No. 6, s. 33-36, http://dx.doi.org/10.1108/09670731111163518.
AUTHORS

Agnieszka Springer

WSB University in Poznań

Alicja Hadryś-Nowak

Poznań University of Economics and Business

About the article

DOI: https://doi.org/10.15219/em65.1249

The article is in the printed version on pages x-x.

pdf download PDF

pdf read the article (Polish)

How to cite