Organizational Performance and Conceptual Capability: The Relationship Between Organizational Performance and Successors’ Capability in a Family-Owned Firm
Restricted accessResearch articleFirst published online September, 2003
Organizational Performance and Conceptual Capability: The Relationship Between Organizational Performance and Successors’ Capability in a Family-Owned Firm
A small percentage of family businesses survive succession. Jaques (1996) suggests that conceptual capability is a significant determiner of business performance and thus, by inference, successful transition. This research tested the hypothesis that business performance following succession is in part attributable to differences between predecessors and successors on this measure.
Get full access to this article
View all access options for this article.
References
1.
Aronoff, C.E., & Ward, J.L. ( 1992). Is it "worth it" to the family? Family Business, 80(8), 208-222.
2.
Arthur Andersen Center for Family Business. ( 1995). American family business survey. St. Charles, IL.
3.
Barnes, L., & Hershon, S. ( 1976). Transferring power in the family business. Harvard Business Review, July-August, 105-114.
4.
Birley, S. ( 1986). Succession in the family firm: The inheritor’s view. Journal of Small Business, July, 36-43.
5.
Bracker, J.S., Keats, B.W., & Pearson, J.N. ( 1988). Planning and financial performance among small firms in a growth industry. Strategic Management Journal, 9(6), 591-603.
6.
Capon, N., Farley, J.U., & Hoenig, S. ( 1990). Determinants of financial performance: A meta-analysis . Management Science, 36(10), 1143-1159.
7.
Danco, L. ( 1980). Inside the family business. Cleveland : The University Press.
8.
Dyer, W.G. ( 1986). Cultural change in family firms: Anticipating and managing business and family transitions. San Francisco: Jossey-Bass.
9.
Flannery, W. ( 1995, October 15). A family affair: Passing on one’s private company can strain ties. St. Louis Post-Dispatch.
10.
Frishkoff, P.A. ( 1994). Succession need not tear a family apart. Best’s Review, 95(8), 70-73.
11.
Gardner, H. ( 1993). Multiple intelligence: The theory in practice. New York: Basic Books.
12.
Goldberg, S.D., & Wooldridge, B. (1993). Self-confidence and managerial autonomy: Successor characteristics critical to succession in family firms . Family Business Review, 6(1), 55-73.
Guilford, J.P. ( 1979). Cognitive psychology with a frame of reference. San Diego, CA: Edits Publishers.
15.
Handler, W.C. ( 1990). Succession in family firms: A mutual role adjustment between entrepreneur and next-generation family members. Entrepreneurship: Theory and Practice, 15(1), 37-51.
16.
Handler, W.C. ( 1992). The succession experience of the next generation. Family Business Review, 5(3), 293-307.
17.
Hollander, B. ( 1988, Summer). Family owned businesses: An emerging field of inquiry. Family Business Review, 1(2), 145-164.
18.
Hornaday, R.W., & Wheatley, W.J. (1986). Managerial characteristics and the financial performance of small businesses. Journal of Small Business Management, 24(2), 1-7.
19.
Ibrahim, A., & Ellis, W. ( 1994). Family business management: Concepts and practices. Dubuque, IA: Kendall/Hunt Publishing Co.
20.
Jaques, E. ( 1996). Requisite organization (2nd ed.). Arlington, VA: Cason Hall .
21.
Jaques, E., & Cason, K. ( 1994). Human capability. Falls Church, VA : Cason Hall & Co.
22.
Jonovic, D. ( 1987, November). Family succession: Someday it will all be…whose ? Restaurant Management, 1(11), 39-47.
23.
Klaczynski, P.A. ( 1994). Cognitive development in context: An investigation of practical problem solving and developmental tasks. Journal of Youth on Adolescence, 23(2), 141-168.
24.
Lansberg, I., & Astrachan, J. ( 1994, Spring). Influence of family relationships on succession planning and training: The importance of mediating factors. Family Business Review, 7(1), 39-60.
25.
Levinson, H. ( 1974). Don’t choose your own successor. Harvard Business Review, 52(6), 53-62.
26.
Lewis, P., & Jacobs, T.O. ( 1992). Individual differences in strategic leadership capacity: A constructive/ developmental view. In R. L. Phillips & J. G. Hunt (Eds.), Strategic leadership: A multiorganizational-level perspective (pp. 121-137). Westport, CT: Quorum Books.
27.
Marzano, R.J., & Costa, A.L. ( 1988). Questions: Do standardized tests measure general cognitive skills?Answer: No. Educational Leadership, 45(8), 66-71.
28.
Rosenblatt, P., Mik, L., Anderson, R., & Johnson, P. ( 1985). The family in business. San Francisco : Jossey-Bass.
29.
Sapienza, H.J., Smith, K.G., & Gannon, M.J. ( 1988). Using subjective evaluations of organizational performance in small business research. American Journal of Small business , 12(3), 45-53.
30.
Schwenk, C.R., & Shrader, C.B. ( 1993). Effects of formal strategic planning on financial performance in small firms: A meta-analysis. Entrepreneurship Theory and Practice, 17(3), 53-64.
31.
Sonnenfeld, J. ( 1988). The hero’s farewell. New York : Oxford Press.
32.
Stempler, G. ( 1988). The study of succession in family owned business. Doctoral dissertation, The George Washington University, Washington, D.C.
33.
Ward, J.L. ( 1987). Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. San Francisco, CA: Jossey-Bass.