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Generation to Generation: Life Cycles of the Family Business

Generation to Generation: Life Cycles of the Family Business,K. Gersick,J. Davis,M. Hampton,I. Lansberg

Generation to Generation: Life Cycles of the Family Business   (Citations: 229)
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Published in 1997.
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    • ...Research suggests that generational ownership dispersion of the family firm is largely what defines the family business (Gersick et al. 1997) and subsequently dictates the decision-making processes of the...
    • ...Ownership dispersion may range from unitary control by a founding generation to control held by multiple generations (Gersick et al. 1997)...
    • ...This organizational control pattern has been denoted the ‘‘cousin consortium’’ stage of the family business (Gersick et al. 1997)...
    • ...As the business enterprise becomes more complex and ownership resides with multiple generations, the potential for discord and competing interests rises exponentially above that of the controlling ownership stage (Gersick et al. 1997)...
    • ...Because ownership control is held by competing branches of the family, relationships tend to be more combative and politically motivated than those among siblings from a single generation (Gersick et al. 1997)...
    • ...Factions and competing camps will likely form in accordance with each competing branch within the firm (Gersick et al. 1997)...
    • ...In conclusion, since family firms comprise between 65% and 80% of all worldwide enterprises (Gersick et al. 1997), understanding the effects of family influence on family firm performance and their interaction with innovativeness is of the utmost importance...

    Franz W. KellermannsKimberlyet al. Innovativeness in family firms: a family influence perspective

    • ...Family firms represent the majority of all businesses worldwide (Shanker and Astrachan 1996, 2003; Gersick et al. 1997; IFERA 2003; Casillas et al. 2007)...

    Unknown. Internationalization of family SMEs: the impact of ownership, governan...

    • ...The papers also suggest that the determinants of entrepreneurship may be different for young family businesses versus older, larger, or later generation firms (Gersick et al. 1997; Hoy & Sharma 2010)...

    Lorraine M. UhlanerFranzet al. The entrepreneuring family: a new paradigm for family business researc...

    • ...1997; Sharma, Chrisman, and Chua 1997; Habbershon, Williams, and MacMillan 2006)...

    Sanjay Goelet al. CEO's empathy and salience of socioemotional wealth in family SMEs – T...

    • ...Ownership also promotes the involvement and participation of multiple generations in the firm (Gersick et al. 1997), providing an opportunity to learn about the business...
    • ...A key indicator of family firm status is concentration of control within a single family (Eddleston and Kellermanns 2007; Gersick et al. 1997)...

    Shaker A. Zahra. Organizational learning and entrepreneurship in family firms: explorin...

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