Behavioural theory and the family business

Mazzelli, Ambra (2015) Behavioural theory and the family business. In: Theoretical perspectives on family businesses. Edward Elgar Publishing, Cheltenham. ISBN 9781783479658

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Abstract

Fifty years have passed since Cyert and March’s 1963 A Behavioral Theory of the Firm. During this time, BTOF has been adopted across different research domains to investigate how organizations set goals, how they determine aspirations and how they finally react to performance aspiration discrepancies. Cyert and March’s framework has also recently emerged as one of the dominant paradigms to understand the ways in which family business organizations make decisions. In this chapter, I review the theoretical development and empirical results of BTOF and its application in the family business field of study in order to identify theoretical and empirical gaps and propose suggestions for future research. The conclusions suggest that BTOF is both a theoretically and empirically valid perspective in family business research, particularly when combined with other theoretical frameworks. The principal recommendation is to apply behavioral theory to enhance scholarly understanding of how family organisations define their aspiration levels and respond to organizational problems.

Item Type:
Contribution in Book/Report/Proceedings
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
74165
Deposited By:
Deposited On:
18 Jun 2015 06:12
Refereed?:
No
Published?:
Published
Last Modified:
01 Jan 2020 05:50