Abstract
Prior literature of family business reflects a relation between the decision-making process and performance, but how the decision making is linked with the organizational and attitudinal factors has yet not been explored deeply. A sincere and dedicated effort has been made to undertake exhaustive review to comprehend the relationship between family businesses, leadership styles, and strategic decision-making, especially by covering the attitudinal factors along with organizational factors. The primary aim is to create a framework showing the linkages between organizational and attitudinal factors with leadership style and also to indicate how leadership style through strategic decision-making influences business performance in family businesses. The framework is then validated through empirical data related with family business. A validated model is helpful for both academia and practitioners. The results reflect how family businesses are digressing from the traditional dominant autocratic style towards the transformational leadership style. Adding of attitudinal factors along with organizational factors has helped to explain the present shift. The designed framework can be used to analyze the impact of different organizational and attitudinal factors affecting different leadership styles and performance measure outcomes. The results reflect dominance of attitudinal factors in comparison to organizational factors in both autocratic as well as transformational leadership style. The results support that transformational leadership style through mediation of strategic decision-making influences business performance significantly. These findings will help in making family business leaders aware of the influence of their leadership style through strategic decision-making on business performance.
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The current study is a review that has been validated through an empirical study. All the facts have been extracted from the website of WoS and the EBSCO host database. The data support the findings of this study are available from the corresponding author upon reasonable request.
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We thank all the respondents of family businesses for their participation in filling the questionnaire.
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Goyal, L., Kiran, R. & Bose, S.C. Examining the intricacies of organizational and attitudinal factors with leadership style and performance measures: a family business perspective. Curr Psychol 42, 31342–31362 (2023). https://doi.org/10.1007/s12144-022-04101-y
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DOI: https://doi.org/10.1007/s12144-022-04101-y