Going Beyond Research on Goal Setting: A Proposed Role for Organizational Psychological Capital of Family Firms

8 Pages Posted: 7 Nov 2013

See all articles by Esra Memili

Esra Memili

University of North Carolina - Department of Marketing, Entrepreneurship, Hospitality and Tourism, Bryan School of Business and Economics

Dianne H.B. Welsh

University of North Carolina (UNC) at Greensboro - Cross-Disciplinary Entrepreneurship Program

Fred Luthans

University of Nebraska at Lincoln - Department of Management

Date Written: November 2013

Abstract

Kotlar and De Massis found that membership assortment and the number of organizational members, as well as the imminence of succession, influence goal diversity in family firms. They also showed that goal diversity can be managed and family‐centered goals can be stabilized through professional and familial social interactions, driving the formation of collective commitment to family‐centered goals (CCFG). Using this research as a point of departure, we propose that CCFG may impact family firm economic and noneconomic performance. Furthermore, we introduce to the family firm literature the organizational psychological capital (OPC), consisting of hope, efficacy, resilience, and optimism. We also suggest that OPC may be more prevalent in family firms than in nonfamily firms. Moreover, OPC of family firms may play an important role in the link between CCFG and economic as well as noneconomic performance.

Suggested Citation

Memili, Esra and Welsh, Dianne H.B. and Luthans, Fred, Going Beyond Research on Goal Setting: A Proposed Role for Organizational Psychological Capital of Family Firms (November 2013). Family Business Special Issue, Vol. 37, Issue 6, pp. 1289-1296, 2013. Available at SSRN: https://ssrn.com/abstract=2351014 or http://dx.doi.org/10.1111/etap.12066

Esra Memili (Contact Author)

University of North Carolina - Department of Marketing, Entrepreneurship, Hospitality and Tourism, Bryan School of Business and Economics ( email )

P.O.Box 26170
Greensboro, NC 27412
United States

Dianne H.B. Welsh

University of North Carolina (UNC) at Greensboro - Cross-Disciplinary Entrepreneurship Program ( email )

Greensboro, NC
United States

Fred Luthans

University of Nebraska at Lincoln - Department of Management ( email )

Lincoln, NE 68583
United States
(402) 472-3915 (Phone)
(402) 472-5855 (Fax)

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