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

Lionel Camblanne

Journal of Family Business Strategy, 2013, vol. 4, issue 4, 245-259

Abstract: 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.

Keywords: Cognition; Family vision; Decision; Mental models (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:4:y:2013:i:4:p:245-259

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DOI: 10.1016/j.jfbs.2013.10.002

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