The Dynamics and Complexity of Family Business Groups

Kajari Mukherjee (), Marita Rautiainen (), Timo Pihkala () and Peter Rosa ()
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Kajari Mukherjee: Indian Institute of Management Indore
Marita Rautiainen: Lappeenranta University of Technology
Timo Pihkala: Lappeenranta University of Technology
Peter Rosa: University of Edinburgh

Chapter 8 in The Family Business Group Phenomenon, 2019, pp 177-200 from Springer

Abstract: Abstract We draw insights from the perspective of theory of complex adaptive systems to gain knowledge about complex interactions and the dynamic nature of entrepreneurial family business groups. We develop a theoretical understanding of complex longevity in entrepreneurial family firms through a detailed analysis of a multigenerational family business group. We propose that family business groups are the outcome of complex temporal dynamic interactions within and between family business subsystems: family, business and ownership. Our analysis shows that even complex systems may have a subtle balance inherent in the interaction of their subsystems. A family can control the complexity of a family business group by understanding and appropriately managing the complexity inherent as a family, as a business group and in ownership ties across the family and the businesses.

Keywords: Complex adaptive systems; Family business groups; Case study; Family ownership; Systems theory (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-98542-8_8

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DOI: 10.1007/978-3-319-98542-8_8

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