Humphrey, Ronald and De Massis, Alfredo and Picone, PM and Tang, Yi and Piccolo, RF (2021) The Psychological Foundations of Management in Family Firms:Emotions, Memories, and Experiences. Family Business Review, 34 (2). pp. 122-131. ISSN 0894-4865
Full text not available from this repository.Abstract
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) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm actors 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.