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Professional Management in Family Businesses: Toward an Extended Understanding
Oleh:
Hall, Annika
;
Nordqvist, Mattias
Jenis:
Article from Journal - ilmiah internasional
Dalam koleksi:
Family Business Review vol. 21 no. 1 (Mar. 2008)
,
page 51-70.
Fulltext:
51.pdf
(176.42KB)
Isi artikel
Our purpose is to challenge the dominant meaning of professionalmanagement in family business research and to suggest an extended understanding of the concept. Based on a review of selected literature on professional management and with insights fromcultural theory and symbolic interactionism, we draw on interpretive case research to argue that professional family business management rests on two competencies, formal and cultural, of which only the former is explicitly recognized in current family business literature. We elaborate on the meanings and implications of cultural competence and argue that without it a CEO of a family business is likely to work less effectively, no matter how good the formal qualifications and irrespective of family membership.
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