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Family vision and cognition: An illustration through forest owners’ harvesting decisions

  • Camblanne, Lionel
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    Based on cognition as a key determinant in strategic decisions, this study employs a case study approach to explore how family vision – one of the main characteristics of family firms – affects the cognitive frames of reference of family decision-makers, especially business owners. This research suggests that family business owners pursue different family visions, which leads to different interpretations of environmental information during strategic decision-making by highlighting certain elements. I infer several propositions outlining that the degree of a family vision's emphasis on non-economic goals may modify the framing of decisions and endanger long-term orientation, therefore affecting strategic outcomes.

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    Article provided by Elsevier in its journal Journal of Family Business Strategy.

    Volume (Year): 4 (2013)
    Issue (Month): 4 ()
    Pages: 245-259

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    Handle: RePEc:eee:fambus:v:4:y:2013:i:4:p:245-259
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