1. Issues in Growing a Family Business: A Strategic Human Resource Model
- Author
-
Sandra W. King, George T. Solomon, and Lloyd W. Fernald
- Subjects
Successor cardinal ,Interview ,Family business ,business.industry ,Strategy and Management ,General Business, Management and Accounting ,Subject-matter expert ,Systems theory ,Order (exchange) ,Content analysis ,Management of Technology and Innovation ,Sociology ,Marketing ,Human resources ,business - Abstract
The conceptual literature on family businesses suggests that family businesses have difficulty managing their human resources, especially when it concerns a family member or the transition from the founder to the successor. The authors empirically examined the assumptions raised in the conceptual literature regarding whether family businesses were experiencing human resource problems in growing their business and what factors enabled or constrained the ability of their businesses to grow. The authors used in-depth interviewing to collect data in order to emphasize the depth of the issue. Using content analysis with subject matter experts coding the data, the authors sought to mine the richness of data. Finally, the authors analyzed the data using Elliot Jaques' Stratified Systems Theory as a model to examine the strategic human resource issues and to draw some tentative conclusions.
- Published
- 2001