Podrobný výpis o publikaci

This conference presentation explores the relationship between the Dutch Disease phenomenon and the family business environment, focusing on the unique case of Azerbaijan. The Dutch Disease refers to the adverse economic effects caused by the abundance of natural resources, often leading to a decline in other industries and potential economic imbalances. The case study delves into the specific context of Azerbaijan, a country endowed with significant oil and gas reserves. It investigates the impact of the Dutch Disease on the dynamics of the family business landscape within Azerbaijan, shedding light on the challenges and opportunities faced by these businesses operating in an economy heavily dependent on natural resource revenues. The presentation provides an in-depth analysis of the economic transformations experienced by Azerbaijan following the discovery and exploitation of its natural resources. It examines how the dominance of the oil industry has influenced the development, growth, and diversification prospects of family businesses, traditional economic sectors, and entrepreneurial ventures. Key points addressed in this presentation include the implications of resource dependence on family business sustainability, the strategies employed by family businesses to navigate the challenges associated with the Dutch Disease, and the role of government policies in fostering a supportive environment for non-resource sectors. By presenting a detailed case study of Azerbaijan, the presentation offers valuable insights and lessons for researchers, policymakers, and practitioners alike. It emphasizes the importance of adaptive strategies for family businesses to mitigate the risks associated with resource dependency, while also exploring potential avenues for diversification and sustainable growth in the face of the Dutch Disease. Overall, this conference presentation contributes to our understanding of the intricate relationship between the Dutch Disease and the family business environment, drawing on a real-world case study from Azerbaijan to provide actionable insights for fostering economic resilience and promoting the long-term success of family businesses in resource-rich economies.