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The Work of ManagersTowards a Practice Theory of Management$
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Stefan Tengblad

Print publication date: 2012

Print ISBN-13: 9780199639724

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199639724.001.0001

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Managerial practices in family-owned firms: Strategizing actors, their arenas, and their emotions

Managerial practices in family-owned firms: Strategizing actors, their arenas, and their emotions

Chapter:
(p.281) 15 Managerial practices in family-owned firms: Strategizing actors, their arenas, and their emotions
Source:
The Work of Managers
Author(s):

Ethel Brundin

Leif Melin

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199639724.003.0015

This chapter describes and discusses managerial practices and their implications for family-owned firms that are governed by the special family ownership logic. Applying a strategy as practice perspective, the study shows that strategy is formed in the day-to-day interaction between family firm owners and managers (family and non-family) in both formal and informal arenas. Such a perspective also involves the human aspect of managerial practices, and reveals that the emotions of strategic actors may have a significant effect on strategic outcomes. The study concludes that the emotional aspect of managerial practices is central in both the research of strategy work and to in its practice.

Keywords:   family businesses, family ownership logic, strategizing, managerial practices, emotions, formal arenas, informal arenas

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