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Long-term thinking in UK family business

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

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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.

Item Type:Monograph (Project Report)
Refereed:Yes
Subjects:Business > Organizational learning
Business > Management
Business > Knowledge management
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Institute of Family Business
Official URL:https://www.ifb.org.uk/media/3718/ifbrf-working-paper-long-term-thinking-in-family-business.pdf
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 13 Aug 2020 14:53

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