A Resource-Based Framework for Assessing the Strategic Advantages of Family Firms

Family Business Review - Tập 12 Số 1 - Trang 1-25 - 1999
Timothy G. Habbershon1, Mary L. Williams2
1Wharton School of the University of Pennsylvania, Family Business Studies Division
2Widener University, Wharton School of the University of Pennsylvania

Tóm tắt

The Resource-Based View (RBV) of competitive advantage provides a theoretical framework from the field of strategic management for assessing the competitive advantages of family firms. The RBV isolates idiosyncratic resources that are complex, intangible, and dynamic within a particular firm. The bundle of resources that are distinctive to a firm as a result of family involvement are identified as the “familiness” of the firm. This approach provides a research and practice method for assessing the specific behavioral and social phenomena within a firm that provide an advantage. Using a familiness model for assessing competitive advantage overcomes many of the problems associated with the generic claim that family companies have an advantage over nonfamily companies. It also provides a unified systems perspective of family firm performance.

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