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Being in time and the family owned firm

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  • Drakopoulou Dodd, Sarah
  • Anderson, Alistair
  • Jack, Sarah

Abstract

Family businesses have a unique relationship with time, offering a genetic and cultural embodiment of ancestral heritage, a focus of dreams, plans and fears for the future. This paper considers the nature of time and what it means for business owning families to manage in time. Using qualitative techniques, the experiences of twelve family firms are explored. Heidegger's ideas about time are considered as an explanatory power about how temporal practices and processes use time. This work demonstrates that time is not only, always, sequential. Family firms deploy an effective temporal repertoire, moving between habitual world time and a more calculative clock time as circumstances demand, showing how and why different practices emerge in the praxis of family business.

Suggested Citation

  • Drakopoulou Dodd, Sarah & Anderson, Alistair & Jack, Sarah, 2013. "Being in time and the family owned firm," Scandinavian Journal of Management, Elsevier, vol. 29(1), pages 35-47.
    • Handle: RePEc:eee:scaman:v:29:y:2013:i:1:p:35-47
    DOI: 10.1016/j.scaman.2012.11.006
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    1. Sanchez-Famoso, Valeriano & Pittino, Daniel & Chirico, Francesco & Maseda, Amaia & Iturralde, Txomin, 2019. "Social capital and innovation in family firms: The moderating roles of family control and generational involvement," Scandinavian Journal of Management, Elsevier, vol. 35(3).
    2. Miruna Radu-Lefebvre & James Davis & William Gartner, 2024. "Legacy in Family Business: A Systematic Literature Review and Future Research Agenda," Post-Print hal-04515862, HAL.
    3. Vanessa Diaz-Moriana & Eric Clinton & Nadine Kammerlander & G. T. Lumpkin & Justin B. Craig, 2020. "Innovation Motives in Family Firms: A Transgenerational View," Entrepreneurship Theory and Practice, , vol. 44(2), pages 256-287, March.
    4. Lohe, Fynn-Willem & Calabrò, Andrea, 2017. "Please do not disturb! Differentiating board tasks in family and non-family firms during financial distress," Scandinavian Journal of Management, Elsevier, vol. 33(1), pages 36-49.
    5. Burton, Nicholas & Vu, Mai Chi & Cruz, Allan Discua, 2022. "Our social legacy will go on: Understanding outcomes of family SME succession through engaged Buddhism," Journal of Business Research, Elsevier, vol. 143(C), pages 105-118.
    6. Sievinen, Hanna Maria & Ikäheimonen, Tuuli & Pihkala, Timo, 2020. "Owners’ rule-based decision-making in family firm strategic renewal," Scandinavian Journal of Management, Elsevier, vol. 36(3).

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