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Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness

Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness

Ismael Barros, Juan Hernangómez, Natalia Martín Cruz
Copyright: © 2019 |Pages: 23
ISBN13: 9781522580126|ISBN10: 1522580123|EISBN13: 9781522580133
DOI: 10.4018/978-1-5225-8012-6.ch017
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MLA

Barros, Ismael, et al. "Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness." Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business, edited by José Manuel Saiz-Álvarez and Jesús Manuel Palma-Ruiz, IGI Global, 2019, pp. 348-370. https://doi.org/10.4018/978-1-5225-8012-6.ch017

APA

Barros, I., Hernangómez, J., & Cruz, N. M. (2019). Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness. In J. Saiz-Álvarez & J. Palma-Ruiz (Eds.), Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business (pp. 348-370). IGI Global. https://doi.org/10.4018/978-1-5225-8012-6.ch017

Chicago

Barros, Ismael, Juan Hernangómez, and Natalia Martín Cruz. "Strategic Behavior in Family Firms: A Theoretical Insight Into Dynamic Familiness." In Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business, edited by José Manuel Saiz-Álvarez and Jesús Manuel Palma-Ruiz, 348-370. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-8012-6.ch017

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Abstract

Previous research emphasizes that the participation of the family in business operations is the source of resources and capabilities that conditions the strategic behavior of the family firm. This influence has been recognized as “familiness.” However, this definition is contextualized from static reasoning that ignores the effect of family dynamics on the behavior and value generation of the family-owned business. Prior literature has recognized that the family influence has a dynamic character based on the idiosyncratic process of knowledge management that manifests itself in the company, dynamic familiness. This family capability is shaped by family organizational routines through the family influence and aims to increase its knowledge portfolios for the strategic use of its resources. This chapter addresses the relationship between family influence and the process of learning and knowledge management. The analysis of this relationship allows assessing how family influence can promote the generation of family organizational routines based on knowledge management processes.

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