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Abstract [en]
Family firms have long faced pressures to “professionalize” their business and even their owner family’s systems. However, how professionalization unfolds over time and what it means for the business and family systems are unclear. We combine literature on professionalization and practice adoption to investigate how family firms adopt professional practices and adapt them to the underlying family and business systems. Relying on a longitudinal single case study, we have followed the professionalization process in a family firm for over a decade. Our findings show how family firms utilize four distinct modes of professionalization to balance family and business needs with professional practice requirements. We observe and conceptualize how family firms “overprofessionalize” when they adopt practices with an excessive degree of extensiveness, fidelity, and synchrony and show how overprofessionalization can be especially harmful to the family system. Thus, our study contributes by critiquing professionalization and focusing on the systems for which practices are adopted.
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-41619 (URN)
Note
An earlier version of this paper has been presented at the 31st EGOS Colloquium 2015 in Athens, Greece, under the title “Institutional practices in family firms – parallel professionalization” and at the 77th Academy of Management Annual Meeting 2017 in Atlanta, USA, under the title “When the Cure Turns Counterproductive: Parallel Professionalization in Family Firms”. The paper is part of the Best Paper Proceedings of the 77th Academy of Management Annual Meeting: Waldkirch, M., Melin, L., & Nordqvist, M. 2017. When the Cure Turns Counterproductive: Parallel Professionalization in Family Firms. Academy of Management Proceedings, 2017(1): 16270.
2018-09-272018-09-272021-06-07