6533b82cfe1ef96bd128ed3e
RESEARCH PRODUCT
The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences
Alfredo Vittorio De MassisAlfredo Vittorio De MassisAlfredo Vittorio De MassisRonald F. PiccoloRonald H. HumphreyPasquale Massimo PiconeYi Tangsubject
0502 economics and business05 social sciencesBusiness Management and Accounting (miscellaneous)050211 marketingfamily business emotions memories experiences psychological foundations decision-makingSettore SECS-P/08 - Economia E Gestione Delle Imprese050203 business & managementFinancedescription
Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics. Family Business Review, 34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, and experiences in family firms, disentangling “what we know” from “what we should know”, and offering some relevant questions to advance the field.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2021-05-17 |