In this chapter, the socio-emotional wealth perspective is used to understand how, during phases of economic recession, a company’s family nature can influence its decision-making processes and the implementation of an ambidextrous strategy, as well as its effectiveness. A qualitative analysis based on a case study is presented in this chapter. The analyzed case involves an Italian family-owned small business that faced the recent economic crisis adopting a mix of defensive and offensive strategies. Thanks to this balanced – ambidextrous – strategy, the company was able to limit the impact of the crisis and then to recover positive profit margins. This study makes a contribution to the extant literature by shedding light on how the aim of preserving the socio-emotional wealth can influence small family firms’ ability to adopt ambidextrous strategies in order to face an economic recession

Small family firms and strategies coping the economic crisis. The influence of socio-emotional wealth

Cubico S
2019-01-01

Abstract

In this chapter, the socio-emotional wealth perspective is used to understand how, during phases of economic recession, a company’s family nature can influence its decision-making processes and the implementation of an ambidextrous strategy, as well as its effectiveness. A qualitative analysis based on a case study is presented in this chapter. The analyzed case involves an Italian family-owned small business that faced the recent economic crisis adopting a mix of defensive and offensive strategies. Thanks to this balanced – ambidextrous – strategy, the company was able to limit the impact of the crisis and then to recover positive profit margins. This study makes a contribution to the extant literature by shedding light on how the aim of preserving the socio-emotional wealth can influence small family firms’ ability to adopt ambidextrous strategies in order to face an economic recession
978-3-030-15525-4
Family Firms
SMEs
Decision-Making
Strategies
Economic Crisis
Defensive Approach
Offensive Approach
Ambidextrous Strategies
Socio-Emotional Wealth
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11562/998320
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