Non-family CEOs in family firms - A Clash of Logics?: A study on how different logics and perceptions of professionalism shape expectations and affect relationships.
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
In the near future several Swedish family firms will face a need for succession. Many times there is no available successor within the family firm. Hiring a non-family CEO (NFC) is thus a solution to keep the firm within the family. Using a multiple case study with 6 participating family firms, we have identified how clashing logics between family business owners and NFCs, on the role of the NFC, influence their expectations and relationships. Clashing logics were often a source of disagreements and conflicts, leading to failure in the owner-NFC relationship. Furthermore, we have identified that the two parties often perceived the non-family CEO to offer more professional management which was a motive why family firms in this study hired NFCs. This perceived professionalism was also a reason for conflicting expectations. Adding to previous studies we also identified a series of influencing factors impacting the family business owner-NFC relationship. To conclude this study provides new insights for further research and practical recommendations for family firms in the process of hiring NFCs.
Place, publisher, year, edition, pages
2015. , 71 p.
Family Business, Non-Family CEO, NFC, Clash of Logics, Perceived Professionalism, CEO Recruitment, Clash of Logics, Relationships in Family Business
IdentifiersURN: urn:nbn:se:hj:diva-27371ISRN: JU-IHH-FÖA-2-20150128OAI: oai:DiVA.org:hj-27371DiVA: diva2:824551
Subject / course
IHH, Business Administration
Brundin, Ethel, Professor