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TRUST AS A STRATEGIC RESOURCE OF FAMILY FIRMS
Języki publikacji
Abstrakty
The empirical research carried out in different countries on the performance of family businesses in comparison to their non-family counterparts show that the former are more effective than the latter. The natural source of the family business competitive advantage is family, social capital. Trust is a major element which makes up the capital. In the paper, the author describes the nature of the trust and identifies critical conditions necessary to sustain this strategic resource as time goes by and the business grows. According to the concept by Sundaramurthy to sustain the emotional trust in family businesses, their found-ers and managers have to focus on developing other forms of trust which are complementary to the emotional one and support it. Family firms have potential to generate bigger cross-border social capital, which lets them achieve better results in foreign markets.
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Czasopismo
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Tom
Numer
Strony
157-175
Opis fizyczny
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autor
- Katedra Zarządzania Przedsiębiorstwem, Wydział Zarządzania, Uniwersytet Łódzki, ul. Matejki 22/26, 90-237 Łódź, wpopczyk@uni.lodz.pl
Bibliografia
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Bibliografia
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