Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • 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
Managing tensions as paradox in CEO succession: The case of nonfamily CEO in a family firm
Windesheim University of Applied Sciences, Netherlands.
Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, Business Administration.ORCID iD: 0000-0002-3613-4233
Nyenrode Business Universiteit, Netherlands.
2020 (English)In: International Small Business Journal, ISSN 0266-2426, E-ISSN 1741-2870, Vol. 38, no 3, p. 211-242Article in journal (Refereed) Published
Abstract [en]

An increasing number of family firms choose to select a nonfamily CEO for the highest executive office. However, appointing a nonfamily CEO in a family firm tends to give rise to tensions that need to be managed for effective work relationships between the nonfamily CEO and the family owners. We draw on insights from the paradox literature to better understand these tensions and how they are managed. We performed real-time, in-depth longitudinal research into one family firm, which appointed a nonfamily CEO, and studied tensions in the work relationships between the nonfamily CEO and the family owners for a period of three years. We identified tensions arising in four specific areas after the transition from a family to a nonfamily CEO: professionalisation, collaboration, resource allocation and role transition. We found new insights regarding how an advisory board can provide support for the family owners in building work relationships with the nonfamily CEO, which makes the tensions salient and possible to manage through a paradox approach. These results inform a perspective of paradox management that shows by whom and how the different tensions are managed, that is, through changes in behaviour and/or through changes in the underlying subsystems of the family firm.

Place, publisher, year, edition, pages
Sage Publications, 2020. Vol. 38, no 3, p. 211-242
Keywords [en]
CEO succession, family firms, nonfamily CEO, paradox management, work relationships
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-49367DOI: 10.1177/0266242619898609ISI: 000532345900004Scopus ID: 2-s2.0-85084479516Local ID: HOA;;1441620OAI: oai:DiVA.org:hj-49367DiVA, id: diva2:1441620
Available from: 2020-06-16 Created: 2020-06-16 Last updated: 2021-02-25Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records

Nordqvist, Mattias

Search in DiVA

By author/editor
Nordqvist, Mattias
By organisation
JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO)JIBS, Business Administration
In the same journal
International Small Business Journal
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 180 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • 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