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Ownership Strategies in Family Businesses: A Conceptual Framework

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The Palgrave Handbook of Managing Family Business Groups

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Abstract

In this chapter, we introduce the concept of ownership strategy for family businesses. Ownership has a fundamental role in family businesses where its strategic meaning raises the questions of to whom the owner’s strategy is intended and how it should be managed? To answer these questions, we introduce a conceptual framework with four different types of ownership strategies in family businesses. We suggest that ownership strategies consist of multilayered parts and each part needs a specific context and reason for being. This framework can help clarify the nature of ownership in family businesses and is a promising approach to solving the ownership paradox as it offers the owner a tool that would be directed and applicable to guiding the managerial and governance systems of businesses.

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Authors and Affiliations

  1. School of Engineering Science, LUT University, Lahti, Finland

    Jari Sorvisto, Marita Rautiainen & Timo Pihkala

  2. Department of Strategy and General Management, ESADE Business School, Sant Cugat del Vallès, Spain

    Maria José Parada

Authors
  1. Jari Sorvisto
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  2. Marita Rautiainen
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  3. Timo Pihkala
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  4. Maria José Parada
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Corresponding author

Correspondence to Jari Sorvisto .

Editor information

Editors and Affiliations

  1. School of Engineering Science, LUT University, Lahti, Finland

    Marita Rautiainen

  2. Department of Strategy and General Management, ESADE Business School, Sant Cugat del Vallès, Spain

    Maria José Parada

  3. School of Engineering Science, LUT University, Lahti, Finland

    Timo Pihkala

  4. Jönköping International Business School (JIBS), Jönköping, Sweden

    Naveed Akhter

  5. Department of Entrepreneurship and Strategy, Lancaster University Management School, Lancaster, UK

    Allan Discua Cruz

  6. Department of Organisation Behavior and Human Resources Management, Indian Institute of Management Indore (IIM), Indore, India

    Kajari Mukherjee

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Sorvisto, J., Rautiainen, M., Pihkala, T., Parada, M.J. (2023). Ownership Strategies in Family Businesses: A Conceptual Framework. In: Rautiainen, M., Parada, M.J., Pihkala, T., Akhter, N., Discua Cruz, A., Mukherjee, K. (eds) The Palgrave Handbook of Managing Family Business Groups. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-13206-3_9

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