Governance in Family Business Groups: Resolving Multiple Contingencies to Sustain Entrepreneurial Capability

Autor: Tuuli Ikäheimonen, Sanjay Goel, Marita Rautiainen
Přispěvatelé: Lappeenrannan-Lahden teknillinen yliopisto LUT, Lappeenranta-Lahti University of Technology LUT, fi=School of Engineering Science|en=School of Engineering Science
Rok vydání: 2018
Předmět:
Zdroj: The Family Business Group Phenomenon ISBN: 9783319985411
DOI: 10.1007/978-3-319-98542-8_11
Popis: Family business groups (FBGs) are ubiquitous throughout the world. FBGs also pose unique governance issues that merit attention in order to explain FBGs’ evolution and longevity, as well as to understand FBGs’ performance on a variety of dimensions. In this chapter, we develop a framework to highlight the governance issues in FBGs, starting from understanding governance as managing goal congruence among different stakeholders and recognizing the owning family as an entrepreneurial entity. We suggest that an optimal FBG governance system involves a dynamically contingent system, based on managing complexity at both macro and micro levels, and that optimal governance in an FBG protects and enhances the capability of the owners to be entrepreneurial and construct opportunities from its environment. Based on our exposition, we provide several directions in which to advance research in this area. Post-print / Final draft
Databáze: OpenAIRE