The impact of sociocultural context on strategic renewal
| Autor: | Stone Han, Kevin Au, Hsi-Mei Chung |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Cultural Studies
Uncertainty avoidance Organizational Behavior and Human Resource Management Sociology and Political Science Public economics Strategy and Management 05 social sciences Social environment 050109 social psychology Cognition Affect (psychology) Moderation Power (social and political) 0502 economics and business 0501 psychology and cognitive sciences Hofstede's cultural dimensions theory Business Business and International Management Set (psychology) 050203 business & management |
| Zdroj: | Cross Cultural & Strategic Management. 25:604-627 |
| ISSN: | 2059-5794 |
| DOI: | 10.1108/ccsm-07-2017-0090 |
| Popis: | Purpose The purpose of this paper is to contribute a multilevel, cross-national analysis of the role that sociocultural context may play to enrich the understanding of strategic renewal in family firms. The authors conceptualize sociocultural context as consisting of firm-level social contexts and national culture, and propose that: heterogeneous social contexts in family firm management, i.e. family CEO and multigenerational involvement, give rise to mindsets that have differential effects on renewal efforts and that the proposed effects are subject to variation due to the moderation of national cultural dimensions of uncertainty avoidance and power distance. Design/methodology/approach The authors use unique date set consisting of 959 family firms from 26 countries drawn from a cross-national, quantitative study of family firms. Findings The authors found that family CEO is negatively related to renewal across cultures, and this relationship is attenuated by uncertainty avoidance and power distance. In addition, multigenerational involvement is positively related to renewal, and this relationship is enhanced by the two cultural dimensions. Practical implications The authors suggest that decision makers examine how different contexts, practices and cognition contribute to overall dominant logics that exist in firm. In doing so, they can evaluate how logics as a whole affect renewal, and also how different parts of the logics play a role. This overall evaluation will afford managers a holistic picture of renewal forces that operate in family firm and allow managers to make precise changes to enhance strategic renewal. Originality/value The findings support the contention that there is cultural-dependent countervailing effects on strategic renewal within family firms. |
| Databáze: | OpenAIRE |
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