Chapter

Managerial practices in family-owned firms: Strategizing actors, their arenas, and their emotions

Ethel Brundin and Leif Melin

in The Work of Managers

Published in print February 2012 | ISBN: 9780199639724
Published online May 2012 | e-ISBN: 9780191738661 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199639724.003.0015
Managerial practices in family-owned firms: Strategizing actors, their arenas, and their emotions

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This chapter describes and discusses managerial practices and their implications for family-owned firms that are governed by the special family ownership logic. Applying a strategy as practice perspective, the study shows that strategy is formed in the day-to-day interaction between family firm owners and managers (family and non-family) in both formal and informal arenas. Such a perspective also involves the human aspect of managerial practices, and reveals that the emotions of strategic actors may have a significant effect on strategic outcomes. The study concludes that the emotional aspect of managerial practices is central in both the research of strategy work and to in its practice.

Keywords: family businesses; family ownership logic; strategizing; managerial practices; emotions; formal arenas; informal arenas

Chapter.  8397 words.  Illustrated.

Subjects: Organizational Theory and Behaviour

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