Clinton, Eric ORCID: 0000-0002-3888-8194, Diaz, Vanessa, Brophy, Martina and Gamble, Jordan Robert ORCID: 0000-0002-8837-8264 (2018) Long-term thinking in UK family business. Project Report. Institute of Family Business. ISBN 978-0-9570327-1-2
Abstract
This working paper explores long-term thinking in family businesses based in the United Kingdom. The objectives of the paper are: to investigate the emergence and impact of long-term orientation (LTO) within family business; to explore the fit between LTO and specific types of family business; to investigate the balance between short-term and
long-term orientations in these firms; and to explore the associated risks that may attach to both types of orientation. The data collection process for this research project comprised two stages: first, data were collected via surveys of senior members of family businesses; secondly, to help clarify the findings from the first stage, three individual family business case studies were conducted in order to provide a deeper account of family firms’ experience of LTO. The research findings offer new insights into UK family businesses in terms of their long- term objectives and strategies, non-economic goals, and LTO
in the context of continuity, perseverance and legacy. The paper concludes with practical recommendations for consideration by both family and non-family stakeholders, pending further research on the subject.
Metadata
Item Type: | Monograph (Project Report) |
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Refereed: | Yes |
Subjects: | Business > Organizational learning Business > Management Business > Knowledge management |
DCU Faculties and Centres: | DCU Faculties and Schools > DCU Business School Research Institutes and Centres > National Centre for Family Business |
Publisher: | Institute of Family Business |
Official URL: | https://www.ifb.org.uk/media/3718/ifbrf-working-pa... |
Copyright Information: | © 2018 Institute of Family Business |
Use License: | This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License |
Funders: | Institute of Family Business |
ID Code: | 22402 |
Deposited On: | 26 Jun 2018 09:04 by Jordan Gamble . Last Modified 26 Feb 2024 09:56 |
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