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When crises meet grand environmental challenges: Navigating intertemporal tensions in European manufacturing family firms
Entrepreneurship & Family Firm Institute (EFFI), EBS Universität für Wirtschaft und Recht, Oestrich-Winkel, Germany.
Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Entrepreneurship & Family Firm Institute (EFFI), EBS Universität für Wirtschaft und Recht, Oestrich-Winkel, Germany.ORCID iD: 0000-0003-4766-8094
2024 (English)In: Entrepreneurship and Regional Development, ISSN 0898-5626, E-ISSN 1464-5114, Vol. 36, no 3-4, p. 535-559Article in journal (Refereed) Published
Sustainable development
00. Sustainable Development, 9. Industry, innovation and infrastructure
Abstract [en]

The grand environmental challenge of climate change represents one of the key ongoing, long-term obstacles for organizations. When interrupted by short-term exogenous crises like the COVID-19 pandemic and the shock of the Ukrainian war, the urgency of addressing this grand challenge becomes more pressing, albeit more challenging. While family firms as long-term oriented organizations might generally be well equipped to tackle climate change, we know surprisingly little on how they simultaneously experience and navigate the long-term horizon of grand environmental challenges and the short-term pressures of exogenous crises. Drawing on research around long-term orientation (LTO) and a growing stream investigating intertemporal tensions, we investigate this question building on 41 interviews with nine family firms in the context of the European manufacturing industry. Applying an abductive approach, our findings unveil three intertemporal tensions that unfold when short-term and long-term objectives collide. Besides, we show that family firms, due to their LTO, perceive these tensions with a greater intensity. Navigating the perceived tensions, we identify two mechanisms employed by family firms that mitigate the negative implications of LTO. Doing so, we contribute to extant research on grand challenges and cast light on the downsides of LTO in family firms.

Place, publisher, year, edition, pages
Taylor & Francis, 2024. Vol. 36, no 3-4, p. 535-559
Keywords [en]
exogenous crisis, family firm, Grand challenge, grand environmental challenge, long-term orientation, manufacturing, sustainability, temporal tensions
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-62963DOI: 10.1080/08985626.2023.2275065ISI: 001104626200001Scopus ID: 2-s2.0-85177472728Local ID: ;intsam;918126OAI: oai:DiVA.org:hj-62963DiVA, id: diva2:1815701
Available from: 2023-11-29 Created: 2023-11-29 Last updated: 2024-04-25Bibliographically approved

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Waldkirch, Matthias

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