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The Dynamics and Complexity of Family Business Groups

  • Kajari MukherjeeEmail author
  • Marita Rautiainen
  • Timo Pihkala
  • Peter Rosa
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Abstract

We draw insights from the perspective of theory of complex adaptive systems to gain knowledge about complex interactions and the dynamic nature of entrepreneurial family business groups. We develop a theoretical understanding of complex longevity in entrepreneurial family firms through a detailed analysis of a multigenerational family business group. We propose that family business groups are the outcome of complex temporal dynamic interactions within and between family business subsystems: family, business and ownership. Our analysis shows that even complex systems may have a subtle balance inherent in the interaction of their subsystems. A family can control the complexity of a family business group by understanding and appropriately managing the complexity inherent as a family, as a business group and in ownership ties across the family and the businesses.

Keywords

Complex adaptive systems Family business groups Case study Family ownership Systems theory 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Kajari Mukherjee
    • 1
    Email author
  • Marita Rautiainen
    • 2
  • Timo Pihkala
    • 2
  • Peter Rosa
    • 3
  1. 1.Organisation Behavior & Human Resources Management (OB&HRM)Indian Institute of Management IndoreIndoreIndia
  2. 2.School of Engineering ScienceLappeenranta University of TechnologyLahtiFinland
  3. 3.Business SchoolUniversity of EdinburghEdinburghUK

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