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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 ...
Clearly, much is going wrong in the workplace, which presents middle managers with unprecedented opportunities to step forward and offer course corrections. What’s Happening You see a problem. There’s a clear need for action within a certain time frame. You’ve discussed the issues and possible solutions many times with your boss, and she has agreed with your way of thinking. For unexplained reasons, she hasn’t acted or given you the go-ahead. What do you do? This could be a situation in which you take action and lead your boss. You develop a plan on your own, gather ... Read More
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