The influences of family on the everyday business of a family firm entrepreneur

Agency theory and the family business

“…The stewardship perspective addresses the behaviour of controlling family firm owners that behave as farseeing stewards and are guided by superior organisational goals (Sharma, 2004). Several authors discuss the applicability of agency theory in comparison to stewardship theory in family firms and argue that both theories contribute important insights to the knowledge about family firms (Chrisman, Chua, Kellermanns, & Chang, 2007;Corbetta & Salvato, 2004;Eddleston & Kellermanns, 2007;Kraus, Märk, & Peters, 2011;Le Breton-Miller, Miller, & Lester, 2011).…”

When the successor becomes the true leader of a family business?

“…The stewardship perspective addresses the behaviour of controlling family firm owners that behave as far seeing stewards and are guided by superior organisational goals (Sharma, 2004). Several authors discuss the applicability of agency theory in comparison to stewardship theory in family firms and argue that both theories contribute important insights to the knowledge about family firms (Chrisman et al, 2007;Corbetta, & Salvato, 2004;Eddleston, & Kellermanns, 2007;Kraus, Märk, & Peters, 2011;Le Breton-Miller, Miller & Lester, 2011). Stewardship theory states that the agents ("stewards") behave socially, in a self-actualizing manner and with an attitude postulating psychological ownership (Pierce et al, 2001).…”

Betriebsnachfolge achtsam gestalten – die Rolle des systemischen Nachfolge-Coachings in Unternehmerfamilien am Beispiel des ****Hotel Alpenglühen

“…Vor dem Hintergrund der bisherigen Überlegungen muss im Nachfolge-Coaching die Bewusstseinsbildung und die Entwicklung reflexiver Kompetenz der Akteure im Mittelpunkt stehen, denn nur im intergenerativen Dialog wird es gelingen, die strategischen Vorteile und Stärken der Unternehmerfamilie bestmöglich zu nutzen (Habbershon und Williams 1999;Habbershon et al 2003;Kraus et al 2011;Mühlebach 2012;Weismeier-Sammer et al 2013).…”