The Owner’s Role in Family Business Strategy: Configurations of Owners, Top Management and Advisory Boards
Abstract
This study aims to explore the link between ownership, governance structures, and strategy-making in family businesses. We draw on the attention-based view to explore how organizational attention is structurally distributed within governance structures of top management and advisory boards and the underlying drivers of this distribution in family businesses. Building on rich data gathered in 23 qualitative cases of German family businesses, we find that there are great differences in how organizational attention is distributed and what role owners play in shaping the influence ...
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