List of identified variables and their abbreviated consensus definitions
| Variable | Consensus definitions (abbreviated) |
|---|---|
| Organizational climate | Members’ subjective experience of their company, focusing on interpersonal relationships and communication; manifesting in job satisfaction and job performance |
| Strategic planning | Aspect of management’s skill set; long-term objectives and measures considering the company’s environment |
| Relationships with suppliers | Selection and treatment of suppliers; organizational collaboration with suppliers; reliability and consistent quality foster lasting partnerships |
| Assortment competency | Range and depth of products and services; differentiation, value added and seasonality |
| Financial flexibility | Room for strategic investments (includes credit line); liquidity in day-to-day business |
| Long-term continuity/Succession situation | Maintenance and development of assets for the next generation; planning security of succession |
| Profitability | Ratio between profit and capital (credit, equity) in production and sales |
| Productivity | Ratio between output and input (human, area, resources); efficiency of work processes |
| Conflicts between family and worka | Aspect in family-run HRCs; lack a clear distinction of family life and business resulting in financial, physical, psychological, or time strain in family businesses |
| Variable | Consensus definitions (abbreviated) |
|---|---|
| Organizational climate | Members’ subjective experience of their company, focusing on interpersonal relationships and communication; manifesting in job satisfaction and job performance |
| Strategic planning | Aspect of management’s skill set; long-term objectives and measures considering the company’s environment |
| Relationships with suppliers | Selection and treatment of suppliers; organizational collaboration with suppliers; reliability and consistent quality foster lasting partnerships |
| Assortment competency | Range and depth of products and services; differentiation, value added and seasonality |
| Financial flexibility | Room for strategic investments (includes credit line); liquidity in day-to-day business |
| Long-term continuity/Succession situation | Maintenance and development of assets for the next generation; planning security of succession |
| Profitability | Ratio between profit and capital (credit, equity) in production and sales |
| Productivity | Ratio between output and input (human, area, resources); efficiency of work processes |
| Conflicts between family and worka | Aspect in family-run HRCs; lack a clear distinction of family life and business resulting in financial, physical, psychological, or time strain in family businesses |
Note: aNegative connotation