Journal of Family Business Strategy
Scope & Guideline
Connecting Theory and Practice in Family Business Strategy
Introduction
Aims and Scopes
- Family Business Dynamics and Governance:
Focuses on understanding the governance structures, decision-making processes, and emotional dynamics that influence family firms, emphasizing the role of family involvement in shaping business strategies. - Socioemotional Wealth:
Explores the concept of socioemotional wealth, which reflects the non-financial aspects that family businesses prioritize, such as family reputation, emotional bonds, and legacy, and how these factors impact business performance. - Intergenerational Succession and Leadership:
Investigates the challenges and processes involved in the succession of leadership within family firms, including the development of next-generation leaders and the transfer of knowledge and values. - Diversity and Inclusion in Family Firms:
Examines how diversity, particularly gender diversity, influences family business performance, governance, and decision-making, contributing to a deeper understanding of inclusive practices in family enterprises. - Impact of External Contexts:
Analyzes how external factors, including economic, social, and cultural contexts, affect family business strategies and performance, recognizing the importance of adapting to changing environments.
Trending and Emerging
- Environmental, Social, and Governance (ESG) Factors:
Recent publications highlight the increasing importance of ESG dynamics in family firms, indicating a trend towards sustainability and ethical governance practices that align with global expectations. - Emotional Labor and Family Dynamics:
There is a growing focus on the role of emotional labor within family businesses, particularly how family members manage emotions to preserve socioemotional wealth and maintain relationships. - Diversity and Gender in Leadership:
Research on gender roles and diversity within family business leadership is trending, with studies examining the impact of female leadership and inclusive practices on firm performance. - Resilience and Crisis Management:
The COVID-19 pandemic has sparked a surge in research related to resilience strategies in family firms, exploring how these businesses adapt and thrive amid crises. - Internationalization Strategies of Family Firms:
Emerging themes include the motivations and strategies behind the internationalization of family businesses, particularly in response to globalization and market expansion opportunities.
Declining or Waning
- Traditional Performance Metrics:
Research focusing solely on financial performance metrics of family firms appears to be waning, as scholars increasingly prioritize socioemotional aspects and holistic measures of success. - Cross-Cultural Comparisons:
While cross-cultural studies were once a significant part of the discourse, there seems to be a reduction in comparative studies, possibly due to a growing emphasis on context-specific research that deeply explores local family business dynamics. - Historical Perspectives on Family Firms:
There has been a noticeable decline in research that examines historical case studies of family firms, as contemporary issues and forward-looking strategies take precedence in the academic dialogue.
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