TY - JOUR
T1 - Culture of family commitment and strategic flexibility
T2 - The moderating effect of stewardship
AU - Zahra, Shaker A.
AU - Hayton, James C.
AU - Neubaum, Donald O.
AU - Dibrell, Clay
AU - Craig, Justin
PY - 2008/11
Y1 - 2008/11
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=55249104752&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=55249104752&partnerID=8YFLogxK
U2 - 10.1111/j.1540-6520.2008.00271.x
DO - 10.1111/j.1540-6520.2008.00271.x
M3 - Article
AN - SCOPUS:55249104752
SN - 1042-2587
VL - 32
SP - 1035
EP - 1054
JO - Entrepreneurship: Theory and Practice
JF - Entrepreneurship: Theory and Practice
IS - 6 SPEC. ISS.
ER -