ENT 501 Lecture Notes - Lecture 3: Ahlstrom, Harvard Business Review, Knowledge Sharing

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 501
• Professor: Mary Han

Document Summary

Variations in r&d investment in family and non-family firms: ***missing article***: chrisman, j. j. , sharma, p. , steier, l. p. , & chua, j. h. (2013). The influence of family goals, governance, and resources on firm outcomes. The nature of goals followed, the governance systems enacted, and the resources available through family involvement appear to lead to differences in behaviours and outcomes among family firms and between family and non-family firms. The goals and governance structures of family firms appear to both foster and be dependent upon distinctive human, social, and financial resources that sometimes create competitive advantages and disadvantages. Family firm outcomes are influenced by any factors, such as organizational and psychological capital; ownership transition; business context; resources; and the structure of the ownership, management and the board of directors. Kotlar and demassis study goal diversity and the goal formation process. Their main purpose is to understand how individual goals become organizational goals and how goals change over time.