Special Report on
Organizational Theory and Practices
Organizational Theory and Practices - Trends
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This article provides a review of important trends in the strategic management approach to studying family firms: convergence in definitions, accumulating evidence that family involvement may affect performance, and the emergence of agency theory and the resource-based view of the firm as the leading theoretical perspectives. We conclude by discussing directions for future research and other promising approaches to inform the inquiry concerning family business. Introduction The economic landscape of most nations remains dominated by family firms (Astrachan & Shanker, 2003; Morck & Yeung, 2004). Therefore, it is fitting that ...
and open first ad), have caused me to reflect on the changing environment of air travel. It seems to me that "the Southwest effect" is much more than just the downward influence on airfares when SWA begins service to a new city. That is because I believe that Southwest Airlines, as a company, is about more than just low fares. Sure, that is a big and very obvious part of what they bring to the market, but I see a larger, but slightly less visible aspect of what SWA has meant to the airline industry. In my opinion, just maybe Customer Satisfaction is the true "Southwest Effect." The ... Read More
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