{"title":"Family Business Goal Formation: Exploring Individual Motivation and the Interaction with Family, Business, and Context","authors":"Alexandra Dawson","doi":"10.1177/08944865251380604","DOIUrl":null,"url":null,"abstract":"This research on family business goal formation examines a longitudinal case study of a family and its business, going “from rags to riches to rags again” over 140 years and four generations. Complementing family business literature on economic and noneconomic goals and the socioemotional wealth lens with self-determination theory, the analysis provides the basis for a process model of family business goal formation. This model highlights individual-level mechanisms through which firm-level objectives emerge. It also illustrates the interaction of the owner’s individual motivation with the family level while taking into account the influence of the business and external context.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"91 1","pages":""},"PeriodicalIF":5.6000,"publicationDate":"2025-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Family Business Review","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/08944865251380604","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This research on family business goal formation examines a longitudinal case study of a family and its business, going “from rags to riches to rags again” over 140 years and four generations. Complementing family business literature on economic and noneconomic goals and the socioemotional wealth lens with self-determination theory, the analysis provides the basis for a process model of family business goal formation. This model highlights individual-level mechanisms through which firm-level objectives emerge. It also illustrates the interaction of the owner’s individual motivation with the family level while taking into account the influence of the business and external context.
期刊介绍:
Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.