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Differentiating value orientations and unity in values as predictors of varying family business system processes

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  • Peterson, Preston
  • Distelberg, Brian J.

Abstract

This study evaluates a human ecology conceptual framework for family businesses where the value orientations within the family business system are considered a distinct construct from unity in values. This study uses the 2007 American Family Business Survey to differentiate values from unity. Findings from this study support this human ecology differentiation and results include a lack of relationship between unity and values, and the disproportionate role of unity in the creation and maintenance of formal processes, whereas values, and specifically “family-first” businesses tend to preference the creation of family councils. Implications include relevance for future investigative studies focused on the role of family involvement, and practical implication for the creation and maintenance of formal processes such as family councils.

Suggested Citation

  • Peterson, Preston & Distelberg, Brian J., 2011. "Differentiating value orientations and unity in values as predictors of varying family business system processes," Journal of Family Business Strategy, Elsevier, vol. 2(4), pages 207-219.
  • Handle: RePEc:eee:fambus:v:2:y:2011:i:4:p:207-219
    DOI: 10.1016/j.jfbs.2011.10.004
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    References listed on IDEAS

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    1. Zellweger, Thomas M. & Eddleston, Kimberly A. & Kellermanns, Franz W., 2010. "Exploring the concept of familiness: Introducing family firm identity," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 54-63, March.
    2. Habbershon, Timothy G. & Williams, Mary & MacMillan, Ian C., 2003. "A unified systems perspective of family firm performance," Journal of Business Venturing, Elsevier, vol. 18(4), pages 451-465, July.
    3. Eleni Stavrou & George Kassinis & Alexis Filotheou, 2007. "Downsizing and Stakeholder Orientation Among the Fortune 500: Does Family Ownership Matter?," Journal of Business Ethics, Springer, vol. 72(2), pages 149-162, May.
    4. Brian Distelberg & Adrian Blow, 2010. "The Role of Values and Unity in Family Businesses," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 427-441, December.
    5. Basco, Rodrigo & Pérez Rodríguez, María José, 2011. "Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 151-165.
    6. Olson, Patricia D. & Zuiker, Virginia S. & Danes, Sharon M. & Stafford, Kathryn & Heck, Ramona K. Z. & Duncan, Karen A., 2003. "The impact of the family and the business on family business sustainability," Journal of Business Venturing, Elsevier, vol. 18(5), pages 639-666, September.
    7. Mazzi, Chiara, 2011. "Family business and financial performance: Current state of knowledge and future research challenges," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 166-181.
    8. Robert N. Lussier & Matthew C. Sonfield, 2004. "Family Business Management Activities, Styles and Characteristics: A Correlational Study," American Journal of Business, Emerald Group Publishing, vol. 19(1), pages 47-54.
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    Cited by:

    1. Basco, Rodrigo, 2013. "The family's effect on family firm performance: A model testing the demographic and essence approaches," Journal of Family Business Strategy, Elsevier, vol. 4(1), pages 42-66.
    2. Barros, Ismael & Hernangómez, Juan & Martin-Cruz, Natalia, 2016. "A theoretical model of strategic management of family firms. A dynamic capabilities approach," Journal of Family Business Strategy, Elsevier, vol. 7(3), pages 149-159.
    3. Suess, Julia, 2014. "Family governance – Literature review and the development of a conceptual model," Journal of Family Business Strategy, Elsevier, vol. 5(2), pages 138-155.
    4. Wilson, Shawn R. & Whitmoyer, Jeffrey G. & Pieper, Torsten M. & Astrachan, Joseph H. & Hair, Joseph F. & Sarstedt, Marko, 2014. "Method trends and method needs: Examining methods needed for accelerating the field," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 4-14.

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