Leona Achtenhagen, Kajsa Haag, Kajsa Hultén and Jen Lundgren
The purpose of this paper is to explore individual career management by family members in the context of their family firms.
Abstract
Purpose
The purpose of this paper is to explore individual career management by family members in the context of their family firms.
Design/methodology/approach
The interpretative interview study of family members active in family businesses explores how this context affects the choice, planning, goals and development of family members' careers in their family business.
Findings
The authors find that career management in the family business setting focuses on fulfilling the family business goals rather than the personal goals of family members. Career management is rather reactive and less self-directed than current literature on career development recommends. Based on the results, the authors develop a process model for individual career management in the family business context.
Originality/value
Little is known about individual career management of family members in a family business context, as research on careers in family firms has so far focused mainly on transgenerational succession. The authors explore how in family firms, the trend towards self-directed, individual career planning is in tension with a commitment to the family business and its legacy.
Details
Keywords
Kajsa Haag and Lars-Göran Sund
Our purpose is to explore the case of divorce in family business from a legal perspective and highlight the problems of applying family law in the family business context.
Abstract
Purpose
Our purpose is to explore the case of divorce in family business from a legal perspective and highlight the problems of applying family law in the family business context.
Design/methodology/approach
We rely on legal analysis and interviews with estate distribution executors to discuss problems with the legal rules and how they are practiced.
Findings
Our findings show that the law is ill fitted to the situation where there is a family business included in the division of marital property. In divorce, family law dictates the division of marital property and the family business is reduced to an asset to be divided like any other. Critical issues are identified and elaborated.
Research limitations/implications
Divorce and other disruptions to the family system should be considered in family business consultancy among other threats to the business. The legal perspective on divorce in the family business offered here primarily concerns ownership issues. The impact of divorce on management is equally in need of exploration, which is our suggestion for further studies.
Practical implications
Our paper illuminates in which ways the business is hampered from divorcing owners and discuss critical issues with applying family law in a family business context.
Originality/value
New light is shed on the practical problems of interpreting family law in a family business context advancing our understanding of family aspects in family business management.
This study sheds light on a hitherto understudied group in family business literature: widows. We explore the roles a widow may take following the unexpected death of her…
Abstract
Purpose
This study sheds light on a hitherto understudied group in family business literature: widows. We explore the roles a widow may take following the unexpected death of her owner-manager spouse when she had no salient role in the business prior to the death.
Design/methodology/approach
We used a qualitative approach to research, to study inductively the roles considered and taken by three widows who unexpectedly succeeded as owners of Swedish privately held family firms. We conducted semi-structured interviews with widows and children in top management.
Findings
We construct a typology of four main roles a widow can take and analyse the underlying dimensions that they represent. We also analyse to which extent the choice of role widow can be explained by psychological ownership and double-loss theory. The typology can be used as a tool for family business owners and their advisors as the basis of an open and non-prejudiced discussion of the choices available to a widow.
Originality/value
We have investigated the factors that influence a widow's decision whether to take over the business or not, as suggested in previous research by, for example, Martinez et al. (2009). We explore the roles a widow can consider and adopt. The study advances our understanding of how businesses can remain as family firms also in the event of the unexpected death of an owner-manager (De Massis et al., 2008). We hereby contribute to the literature on sudden successions and on women in family businesses.