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

Lionel Camblanne
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Lionel Camblanne: EM - EMLyon Business School, IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux

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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.

Date: 2013-12-01
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Citations: View citations in EconPapers (2)

Published in Journal of Family Business Strategy, 2013, 4 (4), 245-259 p. ⟨10.1016/j.jfbs.2013.10.002⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02313152

DOI: 10.1016/j.jfbs.2013.10.002

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