Strategic Choice and the Nature of the Chinese Family Business: An Exploratory Study of the Hong Kong Watch Industry  

Oleh:

Davies, Howard ; Ma, Catherine

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Organization Studies vol. 24 no. 9 (Nov. 2003), page 1405–1435.
Topik: Hong Kong; Chinese; family business; strategy; watchmaking
Fulltext: 1405OS249.pdf (158.78KB)

Isi artikel

This study examines the relationship between the nature of the Chinese Family Business (CFB) and the business strategies adopted, in the setting of the Hong Kong watch industry. The nature of the CFB is conceptualized and measured as a set of sub-dimensions, represented by continuous variables. It is hypothesized that ‘CFBness’ is positively associated with ‘traditional’ business strategies, but inhibitive of ‘upgrading’. The results show that the hypotheses are partially supported. While the findings support the view that firms’ strategic choices are constrained by material and ideational influences in their environment, only a small proportion of the variation in business strategies is accounted for by ‘CFB-ness’, leaving ample room for human agency. Overall, the results support a ‘middle view’ between the deterministic and voluntaristic perspectives, whereby firms exercise strategic choice within an environment that predisposes, but does not fix, their behaviour.

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