Evolution of Stewardship Across Family and Business Goals: Toward a Stewardship Transition Framework

IF 7.8 1区 管理学 Q1 BUSINESS
Nehad Ali, Boyka Simeonova, Mathew Hughes
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引用次数: 0

Abstract

Drawing on goal-setting and stewardship theories, this study examines the management of family and business goals in family firms under transgenerational complexity, presenting a dynamic model of family stewardship. Through multiple case studies, we identify four distinct stewardship strategies, each with a corresponding governance structure: cultivating family stewardship (with family-dense governance), professionalizing family stewardship (with professionalized governance), harnessing external stewardship (with externally dense governance), and perpetuating external stewardship (with public companies’ governance). These strategies shift from family-centric to business-centric goal-setting approaches in sustaining the family firm. The study introduces stewardship transition capability as a missing cog for managing these transitions.
跨家族和企业目标的管理演变:迈向管理过渡框架
本研究以目标设定与管理理论为基础,检视跨代复杂性下家族企业的家族与企业目标管理,并提出一个动态的家族管理模型。通过多个案例研究,我们确定了四种不同的管理策略,每种策略都有相应的治理结构:培养家族管理(采用家族密集治理),专业化家族管理(采用专业化治理),利用外部管理(采用外部密集治理),以及延续外部管理(采用上市公司治理)。在维持家族企业的过程中,这些策略从以家族为中心转向以企业为中心的目标设定方法。该研究介绍了作为管理这些转换的缺失齿轮的管理转换能力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
19.00
自引率
12.40%
发文量
56
期刊介绍: Entrepreneurship Theory and Practice (ETP) is an interdisciplinary scholarly journal dedicated to conceptual and empirical research that advances, tests, or extends theory relating to entrepreneurship in its broadest sense. Article Topics: Topics covered in ETP include, but are not limited to: New Venture Creation, Development, Growth, and Performance Characteristics, Behaviors, and Types of Entrepreneurs Small Business Management Family-Owned Businesses Corporate, Social, and Sustainable Entrepreneurship National and International Studies of Enterprise Creation Research Methods in Entrepreneurship Venture Financing Content: The journal publishes articles that explore these topics through rigorous theoretical development, empirical analysis, and methodological innovation. ETP serves as a platform for advancing our understanding of entrepreneurship and its implications for individuals, organizations, and society.
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