This book introduces a ’triple-bottom-line’ approach to the concept and practice of family business sustainability. It is geared towards a broad audience covering social, economic, and environmental issues, to focus on implementation of sustainable practices. Having this in mind, this book provides possible ways of successfully managing family businesses in a sustainable manner, which should also lead to long-term business longevity.
The social perspectives addressed by this book discuss the social responsibility of the family business, using a two-way approach contributing to the development of society. The economic outlook is introduced by aiming at a sustainable competitive advantage with an economic impact, and how a family business should adapt to changes and be proactive to gain economic sustainability. The environmental dimension is focused on actions against global warming and global agreements aimed at businesses to change their policies to prioritize the environment as part of their strategy. This book thus explores possibilities for family firms to add values along all chains in business activities and to contribute to introducing green environment products, or environmentally safe products.
Each part of the book represents an important pillar of the family business unit that helps the firm to achieve and sustain its competitive advantage using the triple-bottom-line approach. Besides the objectives and the content, each chapter provides one short story applicable to a chapter’s content and a case study for each chapter or topic. As learning tools besides case studies, the book provides key summaries, terminology, group assignments, and projects.
Ramo Palalić is an Assistant Professor at the Management Department, College of Economics and Political Science, Sultan Qaboos University, Oman. Dr. Palalić has authored and co-authored many articles in globally recognised journals like Management Decision, International Journal of Entrepreneurial Behavior & Research, International Entrepreneurship and Management Journal, and alike. Additionally, he has co-authored/co-edited several books and many book chapters in the field of entrepreneurship. Moreover, Dr. Palalić is serving as the Co-Editor in Chief of Gestion 2000 Journal, Associate Editor of Asia Pacific Management Review (APMR), Enterprising Communities (JEC), and Heritage and Sustainable Development (HSD). Additionally, he is an active reviewer and editorial board member in several well-established international journals.
Claire Seaman is a Professor Emerita in Enterprise and Family Business at Queen Margaret University, Edinburgh, UK. She has published over 30 journal articles and several books on family businesses in the UK, New Zealand, and Latin America, and is a regular contributor to family business conferences worldwide. Prof. Seaman maintains close links with the business community and business organizations such as the Scottish Family Business Association, Family Business United, and local economic development agencies. She is a frequent speaker at gatherings of family businesses and professional advisors.
Veland Ramadani is a Professor of Entrepreneurship and Family Business at the Faculty of Business and Economics, South-East European University, North Macedonia. His primary areas of research focus on entrepreneurship, family businesses, innovation, and sustainability. Dr. Ramadani has an extensive body of work to his name, having authored or co-authored over 140 research articles, 80 book chapters, 12 textbooks, and 28 edited books. His research contributions are notably featured in prestigious academic journals, including the Journal of Business Research, Technological Forecasting and Social Change, Technology in Society, International Journal of Entrepreneurial Behavior & Research, and Review of Managerial Science, among others. Furthermore, his research influence is underscored by his consistent inclusion among the World's Top 2% of the most influential researchers, as determined by Elsevier and Stanford University for the last four consecutive years. Dr. Ramadani has remained actively engaged in various projects, including those funded by the European Union and universities in Saudi Arabia, Kuwait, and the United Arab Emirates. Additionally, he regularly offers consultancy services to private companies.
Léo-Paul Dana is a Professor at ICD Business School Paris (France). He is also associated with the Chaire ETI at Sorbonne Business School. A graduate of McGill University and HEC-Montreal, he has served as Marie Curie Fellow at Princeton University and Visiting Professor at INSEAD. He has published extensively in a variety of journals.
Gadaf Rexhepi, is Full Professor of Strategy and Innovation at South-East European University, Republic of North Macedonia. He has published around sixty research articles in different peer and refereed journals, among which Business Strategy and the Environment, Journal of Business Research, Sustainable Development, Corporate Social Responsible and Environment Management, Review of Managerial Science, Industrial Marketing Management etc. Most of his work has been in the field of CSR and Sustainability. He has served as a consultant for development of the Rector of South East European University. From 2020 he is a member of the Council of National Bank of the Republic of North Macedonia. He received the Award for Excellence 2016 – Outstanding Paper by Emerald Group Publishing (Journal of Enterprising Communities: People and Places in the Global Economy).
