By Corinna M. Lindow
Corinna M. Lindow substantiates, develops, and assessments a strategic healthy standpoint on family members enterprise functionality so one can give a contribution to explaining prior inconclusive findings. specifically, she goals at investigating even if strategic healthy determines kinfolk company functionality and what position family members impression performs. in line with a pattern of German relatives organizations, the writer exhibits that, opposed to expectancies, kin agencies’ functionality isn't really pushed by way of strategic healthy yet throughout the powerful use of family-specific elements resembling family members company governance and family members tradition. extra, the implications recommend that relatives effect has vital implications for technique, organizational constitution, and the fulfillment of strategic fit.
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Extra resources for A Strategic Fit Perspective on Family Firm Performance
Research prior to 1980 only indirectly addressed family firms and thus was not considered in this review. For further reference, see Jaskiewicz/Klein (2005): p. 2. 202 30 3 Literature Review on Family Firm Performance Research x The study was published in English or German, x The study primarily concerned the organizational level of analysis,206 x The study was considering family firms as prime research objects,207 x The study was empirical and used quantitative data collection,208 x The study was analyzing effects on firm performance,209 and x The study examined the association or causal relation with firm performance.
338, borrowing from other disciplines has been done in the entrepreneurship and management fields when they were in their early stages. 181 See Chrisman et al. (2003b): p. 33. So far, family firm research has been borrowing from disciplines such as entrepreneurship, economics, sociology, psychology, organizational sciences, corporate governance, and strategy. , Uhlaner/Kellermanns/Eddleston/Hoy (2010): in press; Wortman (1994): p. 4; Zahra/ Sharma (2004): p. 336. 174 175 26 2 Family Firms as Research Objects Figure 3: Toward the Development of Theories of Family Firms Organizational theories Family system theories Family firm filter Theories of the family firm Source: Author, based on Sharma (2004): p.
In contrast to the modern corporation described by Berle/Means (1932), where ownership and control are separated, and professional managers rather than fragmented owners control important business decisions, concentrated ownership by the family allows it to control. See Dreux (1990): p. 230. The transferability of shares depends on whether the firm is listed or privately held. For other motivations besides control, see the pyramid of ownership motivation by Ward (1997): p. 335. , Gersick et al.
A Strategic Fit Perspective on Family Firm Performance by Corinna M. Lindow