Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.

Pasquale Massimo Picone, A.D.M. (2021). The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics. FAMILY BUSINESS REVIEW, 34(1), 12-32 [10.1177/0894486520985630].

The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics

Pasquale Massimo Picone;
2021

Abstract

Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.
https://journals.sagepub.com/doi/full/10.1177/0894486520985630
Pasquale Massimo Picone, A.D.M. (2021). The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics. FAMILY BUSINESS REVIEW, 34(1), 12-32 [10.1177/0894486520985630].
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10447/458164
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