Non-family employee strategic renewal in family firms: the transformational leadership role of family board members and psychological ownership

Abstract

Purpose

The study aims to reveal the strategic renewal (SR) of non-family employees in family small and medium enterprises (SMEs) with the effects of transformational board member leadership and psychological ownership (PO) dimensions.

Design/methodology/approach

Non-family employees at 82 export and import family firms (FFs) in Vietnam were selected for the study, which used a partial least square structural equation modelling (PLS-SEM) approach.

Findings

Family board members with transformational leadership (TL) qualities and PO play an essential role in developing non-family employee SR.

Originality/value

The authors grant advanced family roles and relationships knowledge to the renewal and transformation of FFs' strategies and organisational structures.

Citation

Luu, T.D. (2023), "Non-family employee strategic renewal in family firms: the transformational leadership role of family board members and psychological ownership", Journal of Family Business Management, Vol. 13 No. 2, pp. 272-299. https://doi.org/10.1108/JFBM-12-2021-0151