Zahra, Shaker A., Hayton, James C., Neubaum, Donald O., Dibrell, Clay and Craig, Justin (2008) Culture of family commitment and strategic flexibility : the moderating effect of stewardship. Entrepreneurship Theory and Practice , 32 (6). pp. 1035-1054. doi:10.1111/j.1540-6520.2008.00271.x ISSN 1042-2587.

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Abstract

The ability of family firms to identify and respond to changes in their external environments can be a key source of competitive advantage leading to success and survival. Some research, however, has suggested family firms are conservative and often lack the ability to adapt to their changing competitive environments. Using data from 248 family firms, we found a family firm's culture of commitment to the business is positively associated with its strategic flexibility—the ability to pursue new opportunities and respond to threats in the competitive environment. Further, we found stewardship-oriented organizational culture positively moderated the family commitment-strategic flexibility relationship.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Entrepreneurship Theory and Practice
Publisher:	Wiley-Blackwell Publishing Ltd.
ISSN:	1042-2587
Official Date:	November 2008
Dates:	Date Event November 2008 Published
Volume:	32
Number:	6
Page Range:	pp. 1035-1054
DOI:	10.1111/j.1540-6520.2008.00271.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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