The _____________ perspective on family firms argues that responsible ownership
ID: 467684 • Letter: T
Question
The _____________ perspective on family firms argues that responsible ownership by any given generation is characterized by its commitment to something larger than the individual and by it dedication to passing a healthy firm on to the next generation. Appreciation of the legacy, advocacy for the ongoing concern, and advisors on a board that complement the family’s competency set are often present in family firms with this perspective.
Stewardship
Agency
System
Resource-based
behavioral
a.Stewardship
b.Agency
c.System
d.Resource-based
e.behavioral
Explanation / Answer
a. Stewardship
Stewardship perspective, in simple words, mean that the ownership of family firms, is viewed as a responsibility to the next generation
Reference: Poza, Ernesto J. Family Business , 2010 , pp 24-25
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