A major challenge facing the family firm is the succession process. One reason for this challenge might involve the successor's
ability to acquire the predecessor's key knowledge and skills adequately to maintain and improve the organizational performance
of the firm. This paper uses two theoretical approaches from the strategic management field to explore this critical process
and analyze how it can be managed effectively: the resource-based theory of the firm and the emergent knowledge-based view.
This conceptual framework provides a powerful tool for understanding the nature and transfer of knowledge within the family
business, which becomes the basis for developing competitive advantage over nonfamily businesses.
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Trends and Directions in the Development of a Strategic Management Theory of the Family... - 0 views
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"This article provides a review of important trends in the strategic management approach to studying family firms: convergence in definitions, accumulating evidence that family involvement may affect performance, and the emergence of agency theory and the resource-based view of the firm as the leading theoretical perspectives. We conclude by discussing directions for future research and other promising approaches to inform the inquiry concerning family business."
What Do We Know About Private Family Firms? A Meta-Analytical Review - Carney - 2013 - ... - 0 views
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need access to pdf
PDF: Strategic Management of the Family Business: Past Research and Future Challenges - 0 views
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vg. summary in appendix - authors & main concept. downloaded and put here.
PDF | Knowledge to action guides Families & Education - 0 views
Family Business Research: A Strategic Reflection - Zahra - 2004 - Family Business Revie... - 0 views
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"As research on family business continues to grow, six key trends have become evident. These trends include a continuing pursuit of a few research topics such as succession, a strong preference for practice-oriented research methods, a tendency to borrow heavily from other disciplines without giving back to these fields, and a strong preference to talk to other researchers conducting research on family firms-failing to communicate with scholars from other disciplines. Therefore, we suggest strategies to expedite the growth of family business research toward better understanding the paradoxes faced by family business managers, deepen insights into the problems they encounter, improve rigor in reported research, find ways to promote a dialog with scholars in sister disciplines, and give back to the disciplines from which we borrow heavily."
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