Masterarbeit, 2013
58 Seiten, Note: 1.0
Family firm culture is often characterized by the founder's influence, long-term orientation, and the overlap between family values and business goals, which can lead to a very strong and distinct corporate identity.
The F-PEC scale measures the influence of the family on a business through three dimensions: Power, Experience, and Culture. It helps quantify how "familial" a firm actually is.
The founder establishes the initial values, norms, and beliefs. In family firms, these often persist through generations, acting as a "cultural glue" but sometimes also resisting necessary changes.
Agency Theory assumes potential conflict between owners and managers (self-interest). Stewardship Theory suggests that managers in family firms often act as "stewards" who identify with the firm's success and family legacy.
While a strong culture can boost motivation and coordination, it can also lead to stagnation if it becomes too inward-looking. The thesis analyzes how different cultural orientations impact overall business performance.
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