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Behavioural theory and the family business
Institute for Entrepreneurship and Enterprise Development at Lancaster University Management School, United Kingdom.
2015 (English)In: Theoretical perspectives on family businesses / [ed] Mattias Nordqvist, Leif Melin, Matthias Waldkirch and Gershon Kumeto, Cheltenham: Edward Elgar Publishing, 2015, 35-57 p.Chapter in book (Refereed)
Abstract [en]

Fifty years have passed since Cyert and March’s 1963 A Behavioral Theory of the Firm. During this time, BTOF has been adopted across different research domains to investigate how organizations set goals, how they determine aspirations and how they finally react to performance aspiration discrepancies. Cyert and March’s framework has also recently emerged as one of the dominant paradigms to understand the ways in which family business organizations make decisions. In this chapter, I review the theoretical development and empirical results of BTOF and its application in the family business field of study in order to identify theoretical and empirical gaps and propose suggestions for future research. The conclusions suggest that BTOF is both a theoretically and empirically valid perspective in family business research, particularly when combined with other theoretical frameworks. The principal recommendation is to apply behavioral theory to enhance scholarly understanding of  how family organisations define their aspiration levels and respond to organizational problems. 

Place, publisher, year, edition, pages
Cheltenham: Edward Elgar Publishing, 2015. 35-57 p.
Keyword [en]
Behavioral theory, organisational aspiration, problemistic search, organisational goal, family business
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-34251DOI: 10.4337/9781783479665.00010ISBN: 9781783479658 (print)ISBN: 9781783479665 (print)OAI: oai:DiVA.org:hj-34251DiVA: diva2:1054959
Available from: 2016-12-09 Created: 2016-12-09 Last updated: 2016-12-15Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf