FOUNDER CENTRALITY, MANAGEMENT TEAM CONGRUENCE AND PERFORMANCE IN FAMILY FIRMS: A KENYAN CONTEXT
Louise Kelly (),
Peter M. Lewa and
Kinyua Kamaria
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Louise Kelly: Marshall Goldsmith School of Management, Alliant International University, 10455 Pomerado Road, San Diego, CA 92131, USA
Peter M. Lewa: United States International University, Nairobi, Kenya
Kinyua Kamaria: Marshall Goldsmith School of Management, Alliant International University, 10455 Pomerado Road, San Diego, CA 92131, USA
Journal of Developmental Entrepreneurship (JDE), 2008, vol. 13, issue 04, 383-407
Abstract:
Applying social network theory to family business, founder centrality has been generally shown to positively affect top-management-team congruence and, as a consequence, firm performance. This study applies social network and strategic leadership theory to an examination of founder centrality in family businesses. It focuses on family businesses in Kenya, and examines the impact of the founder's influence on management team congruence in the three strategic areas of culture, vision, and goals. The discussion considers the research findings in Kenya of a negative influence of founder centrality on management team congruence and firm performance. The study concludes with a presentation of some possible reasons for this dynamic in developing countries like Kenya, where family business is prevalent, and in which the founder plays a central role.
Keywords: Family business; founder centrality; management team; strategic planning; strategic decision making; social networks; strategic leadership theory; congruence; performance (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:jdexxx:v:13:y:2008:i:04:n:s1084946708001046
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DOI: 10.1142/S1084946708001046
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