Family firms and corporate culture: a case study from a Less Developed Country (LDC)

S.K. Herath, Anushaka Herath and Athambawa Abdul Azeez

International Journal of Management and Enterprise Development, 2006, vol. 3, issue 3, 227-243

Abstract: This paper reports on an intensive case study of an important aspect of family firms. There has been limited prior research on corporate culture, an important component of management control in family firms in developing countries. The paper attempts to understand the nature and dynamics of the corporate culture of a family-controlled tea manufacturing and exporting firm in a less developed country, Sri Lanka which can either hinder or enhance a firm's ability to respond successfully to the challenges it faces. The paper reveals the values, practices and behaviour, which created the capabilities that enabled this firm to succeed in the global market.

Keywords: family business; corporate culture; management control; less developed countries; small firms; small businesses; developing countries; tea manufacturing; tea exporting; Sri Lanka; globalisation. (search for similar items in EconPapers)
Date: 2006
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