International Family Enterprise Research Academy (IFERA) Annual Conference, Location: Hamburg
Publication date:
2015-06-01
Tradition and Innovation in Family Business
Author:
Broekaert, Wouter
Henssen, Bart ; Lambrecht, Johan ; Andries, Petra ; Debackere, Koenraad
Keywords:
psychological ownership, family firms
Abstract:
Family firms often struggle to successfully complete change processes. Psychological ownership, in which individuals feel the target of ownership is "theirs", helps ensure the changes' success because it motivates both employees and managers and stimulates their enduring support for changes. With a multiple case study approach this paper aims to provide a conceptual framework and guidelines on how to manage different change processes.