Strategic renewal in a mature family-owned company – A resource role of the owners
| Autor: | Hanna Maria Sievinen, Timo Pihkala, Tuuli Ikäheimonen |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Bridging (networking)
Strategy and Management 0502 economics and business 05 social sciences Geography Planning and Development 0211 other engineering and technologies Strategic renewal 02 engineering and technology Business 050203 business & management Finance Industrial organization 021102 mining & metallurgy |
| Zdroj: | Long Range Planning. 53:101864 |
| ISSN: | 0024-6301 |
| Popis: | In spite of the high failure rates of later-generation family companies, the research on family firm strategic renewals has been limited. The role of the owners in these situations, in particular, remains underexplored. We address this research gap and suggest that the owners of a family firm can take an active resource role in triggering and supporting change, and by balancing the disruption through bridging the firm's new direction with the past. We propose a framework that illustrates the relationships between the conditions for renewal, strategies for renewal and the owners' behaviour. In addition, we theorise that the owners' influence is not only carried out via active board membership, but also indirectly via the owners' discussions with the TMT and between family members. |
| Databáze: | OpenAIRE |
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