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Family firm longevity and resource management: Financial and social-emotional wealth rationalities
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).ORCID-id: 0000-0002-6229-3414
2015 (engelsk)Inngår i: New ways of studying emotions in organizations / [ed] Charmine E. J. Härtel , Wilfred J. Zerbe , Neal M. Ashkanasy, Emerald Group Publishing Limited, 2015, s. 173-213Kapittel i bok, del av antologi (Fagfellevurdert)
Abstract [en]

In this chapter, we explore the impact of socioemotional and financial wealth on the resource management of family firms. We use MoDo, a Swedish pulp and paper firm, covering three generations of owner-managers from 1873 to 1991, to grasp the shifting emphases on socioemotional and financial wealth in the management of the company. Identifying four strategic issues of decisive importance for the development of MoDo, we analyze the organizational values that guided the management of these issues. We propose that financial and socioemotional wealth stand for two different rationalities that infuse organizational values. The MoDo case illustrates how these rationalities go hand in hand for extended periods of time, safeguarding both financial success and socioemotional endowments. However, in a situation where the rationalities are no longer in line with the development of the industry context, the conflict arising between the two rationalities may have fatal consequences for the firm in question.

sted, utgiver, år, opplag, sider
Emerald Group Publishing Limited, 2015. s. 173-213
Serie
Research on emotion in organizations, ISSN 1746-9791 ; 11
Emneord [en]
Family business; resource management; socioemotional wealth; organizational rationalities; guiding values
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-28075DOI: 10.1108/S1746-979120150000011008ISBN: 978-1-78560-221-4 (tryckt)ISBN: 978-1-78560-220-7 (tryckt)OAI: oai:DiVA.org:hj-28075DiVA, id: diva2:858111
Tilgjengelig fra: 2015-10-01 Laget: 2015-10-01 Sist oppdatert: 2015-12-21bibliografisk kontrollert

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