Culture of Family Commitment and Strategic Flexibility: The Moderating Effect of Stewardship

20 Pages Posted: 27 Oct 2008

See all articles by Shaker A. Zahra

Shaker A. Zahra

University of Minnesota - Twin Cities - Carlson School of Management

James C. Hayton

Utah State University - Department of Management and Human Resources

Donald O. Neubaum

Oregon State University

Clay Dibrell

Oregon State University - College of Business

Justin Craig

Bond University - Faculty of Business, Technology and Sustainable Development

Abstract

The ability of family firms to identify and respond to changes in their external environments can be a key source of competitive advantage leading to success and survival. Some research, however, has suggested family firms are conservative and often lack the ability to adapt to their changing competitive environments. Using data from 248 family firms, we found a family firm's culture of commitment to the business is positively associated with its strategic flexibility the ability to pursue new opportunities and respond to threats in the competitive environment. Further, we found stewardship-oriented organizational culture positively moderated the family commitment-strategic flexibility relationship.

Suggested Citation

Zahra, Shaker A. and Hayton, James C. and Neubaum, Donald O. and Dibrell, Clay and Craig, Justin, Culture of Family Commitment and Strategic Flexibility: The Moderating Effect of Stewardship. Entrepreneurship Theory and Practice, Vol. 32, Issue 6, pp. 1035-1054, November 2008. Available at SSRN: https://ssrn.com/abstract=1287817 or http://dx.doi.org/10.1111/j.1540-6520.2008.00271.x

Shaker A. Zahra (Contact Author)

University of Minnesota - Twin Cities - Carlson School of Management ( email )

19th Avenue South
Minneapolis, MN 55455
United States

James C. Hayton

Utah State University - Department of Management and Human Resources ( email )

3555 Old Main Hill
Logan, UT 84322-3555
United States

Donald O. Neubaum

Oregon State University ( email )

Bexell Hall 200
Corvallis, OR 97331
United States

Clay Dibrell

Oregon State University - College of Business ( email )

Corvallis, OR 97331
United States

Justin Craig

Bond University - Faculty of Business, Technology and Sustainable Development ( email )

Gold Coast, QLD 4229
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
3
Abstract Views
904
PlumX Metrics