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The business family 3.0: Dynastic business families as families, organizations and networks—Outline of a theory extension

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  • Heiko Kleve
  • Tobias Köllner
  • Arist von Schlippe
  • Tom A. Rüsen

Abstract

This paper's point of departure is that business families are permanently confronted with a dual function: They engage in typical family relations yet also have formal decision‐making processes for business and family strategy. However, large business families—which may consist of several hundred shareholders who own one or more family businesses—are confronted with an additional challenge. Alongside being simultaneously a family and an organization, they also have to establish and maintain notions of membership and modes of communication between distantly related shareholders. This we have called family network or family 3.0. The challenges involved in initiating, shaping and maintaining such networks require new strategic reconsideration in the family itself and an extension of the existing theoretical observations regarding family businesses, thereby establishing the basis for a better understanding of large‐scale business families. For this, we try to combine family business research, organization studies and systems theory.

Suggested Citation

  • Heiko Kleve & Tobias Köllner & Arist von Schlippe & Tom A. Rüsen, 2020. "The business family 3.0: Dynastic business families as families, organizations and networks—Outline of a theory extension," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(3), pages 516-526, May.
    • Handle: RePEc:bla:srbeha:v:37:y:2020:i:3:p:516-526
    DOI: 10.1002/sres.2684
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    References listed on IDEAS

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    1. Andersson, Fredrik W. & Johansson, Dan & Karlsson, Johan & Lodefalk, Magnus & Poldahl, Andreas, 2017. "The Characteristics and Performance of Family Firms: Exploiting information on ownership, governance and kinship using total population data," Working Papers 2017:1, Örebro University, School of Business.
    2. Marc-Michael H. Bergfeld & Felix-Michael Weber, 2011. "Dynasties of innovation: highly performing German family firms and the owners' role for innovation," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 13(1), pages 80-94.
    3. Frank, Hermann & Lueger, Manfred & Nosé, Lavinia & Suchy, Daniela, 2010. "The concept of "Familiness": Literature review and systems theory-based reflections," Journal of Family Business Strategy, Elsevier, vol. 1(3), pages 119-130, September.
    4. De Massis, Alfredo & Kotlar, Josip, 2014. "The case study method in family business research: Guidelines for qualitative scholarship," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 15-29.
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    1. Hoekx, Laura & Lambrechts, Frank & Vandekerkhof, Pieter & Voordeckers, Wim & Frank, Hermann, 2023. "The influence of familiness on decision-making quality in top management teams: The role of emotional dissonance and perceived team support," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    2. Lambrechts, Frank & Gnan, Luca, 2022. "Human resources and mutual gains in family firms: New developments and possibilities on the horizon," Journal of Family Business Strategy, Elsevier, vol. 13(2).
    3. Frank, Hermann & Kessler, Alexander & Beck, Susanne & Suess-Reyes, Julia & Fuetsch, Elena, 2023. "The enterpriseness of business families: Conceptualization, scale development and validation," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    4. Craig, Justin B. & Newbert, Scott L., 2022. "Exploring the future of family enterprise research through a social science lens," Journal of Family Business Strategy, Elsevier, vol. 13(2).
    5. Aldrich, Howard E. & Brumana, Mara & Campopiano, Giovanna & Minola, Tommaso, 2021. "Embedded but not asleep: Entrepreneurship and family business research in the 21st century," Journal of Family Business Strategy, Elsevier, vol. 12(1).

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