The what and how of Family business paradox: Literature-inspired distillations and directions

Barrett, Mary; Moores, Ken

doi:10.1177/0266242619892149

Cited by 11 publications

(7 citation statements)

References 206 publications

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“…Therefore, our study remedies the shortcomings due to the lack of focus of alliance theories on the effect of non-financial priorities of family firms in predicting alliance success (Chirico et al, 2019). Furthermore, the model provides evidence for the association between the concern of prioritizing SEW -as a social attribute of family firms (Barrett and Moores, 2020;Cirillo et al, 2020) -and the possession of AMC (comprising proactiveness, coordination and learning skills). Therefore, it contributes to the limited AMC-enablers body of knowledge (Kohtamäki, Rabetino and Möller, 2018;Wang and Rajagopalan, 2015) by emphasizing the role of setting (i.e.…”

Section: Introductionmentioning

confidence: 83%

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Socio‐emotional Wealth Preservation and Alliance Success in Family Firms: The Role of Political Instability and Alliance Management Capability

Al‐Tabbaa

Nasr

Zahoor

et al. 2022

British J of Management

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Socio-emotional wealth preservation (SEW-P) can create a dilemma for family firms when seeking to establish strategic alliance: how to manage the need to establish strategic alliances aimed at obtaining complementary network-based resources (the economic dimension) with the fear that such a move may jeopardize family control and domination (the SEW dimension). To address this dilemma (also labelled as a 'mixed gamble'), we theorized that the concern to preserve SEW (i.e. SEW-P) can contribute to family firms' alliance success being dependent on the leverage of alliance management capability (AMC). We also propose that SEW-P can act as an organizational cognitive enabler for AMC. Yet the positive association between SEW-P and AMC will become stronger when family firms operate in a politically unstable environment. We tested these hypotheses using a unique dataset collected from 302 family firms operating in a politically unstable environment (the Libyan context), and the analysis lends support to our model and predictions. Overall, the study advances the alliance theories and family business literature by adding new insights that explain the effect of non-financial priorities of family firms, and related contingencies, in predicting alliance success.

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Section: Introductionmentioning

confidence: 83%

“…, 2019). Furthermore, the model provides evidence for the association between the concern of prioritizing SEW – as a social attribute of family firms (Barrett and Moores, 2020; Cirillo et al. , 2020) – and the possession of AMC (comprising proactiveness, coordination and learning skills).…”

Section: Introductionmentioning

confidence: 97%

Socio‐emotional Wealth Preservation and Alliance Success in Family Firms: The Role of Political Instability and Alliance Management Capability

Al‐Tabbaa

Nasr

Zahoor

et al. 2022

British J of Management

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“…Hence, Barrett and Moores (2020) The case studies represented discrete industries. First is FLC, a wholesale distribution industry.…”

Section: Methodsmentioning

confidence: 99%

Towards Longevity: Managing Innovativeness in Family Micro-Small-Medium Enterprises

Tan

Purba

Asbari

et al. 2022

ijbe

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This article explains the family and business strategies that the Micro-Small-Medium Enterprises (MSMEs) implement to dodge the ability-willingness paradox. The majority of the MSMEs in the metropolitan region of Jakarta are in their comfort zone. Only 15.90% utilize the Internet and 8.53% utilize the computer. According to the researchers' survey, most family businesses highlighted business longevity and emphasized the importance of technology and information. However, family MSMEs are still trapped in the ability-willingness paradox despite recognizing the importance of innovation. This study sampled five family MSME cases that are considered sustainable due to their innovativeness. It then investigated them by in-depth semi-structured interviews, observations, and field notes to explore how they strategize to employ innovativeness. The results signify the founders'/incumbents' receptiveness towards innovations in the business. It also signifies the stakeholders' contributive insights and the imposition of operations systemization. These findings stipulate the fundamentals for families in their MSMEs to engage in innovative activities that influence the longevity of their firms. This study concludes by recommending avenues for future research.

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“…Their finding that family firms tend to prioritize relationships over education, even when they could emphasize both, holds across firm sizes (Fiegener et al, 1994). The usefulness of higher education in international business has been especially questioned for potential family business successors since it leads to greater strategic opportunities that might jeopardize kinship and local embeddedness (Barrett and Moores, 2020). Instead, family business owners tend to nudge their children to study areas that equip them with professional skills in line with the business' current operations (Jaskiewicz et al, 2015).…”

Section: Literaturementioning

confidence: 99%

Torn between individual aspirations and the family legacy – individual career development in family firms

Achtenhagen

Haag

Hultén

et al. 2022

CDI

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PurposeThe purpose of this paper is to explore individual career management by family members in the context of their family firms.Design/methodology/approachThe interpretative interview study of family members active in family businesses explores how this context affects the choice, planning, goals and development of family members' careers in their family business.FindingsThe authors find that career management in the family business setting focuses on fulfilling the family business goals rather than the personal goals of family members. Career management is rather reactive and less self-directed than current literature on career development recommends. Based on the results, the authors develop a process model for individual career management in the family business context.Originality/valueLittle is known about individual career management of family members in a family business context, as research on careers in family firms has so far focused mainly on transgenerational succession. The authors explore how in family firms, the trend towards self-directed, individual career planning is in tension with a commitment to the family business and its legacy.

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The what and how of Family business paradox: Literature-inspired distillations and directions

Cited by 11 publications

References 206 publications

Socio‐emotional Wealth Preservation and Alliance Success in Family Firms: The Role of Political Instability and Alliance Management Capability

Socio‐emotional Wealth Preservation and Alliance Success in Family Firms: The Role of Political Instability and Alliance Management Capability

Towards Longevity: Managing Innovativeness in Family Micro-Small-Medium Enterprises

Torn between individual aspirations and the family legacy – individual career development in family firms

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