Institutional complexity and family business development: a case study of the Charoen Pokphand group
Institutional complexity and family business development: a case study of the Charoen Pokphand group
复制标题
制度复杂性与家族企业发展:以正大集团为例
DOI:
10.1108/nbri-05-2021-0033
复制
发表时间:
2021
影响因子:
2.8
通讯作者:
Erming Xu
中科院分区:
文献类型:
--
作者:
Bo Wang;Q. Liang;Lihong Song;Erming Xu
Purpose
With features of both “family” and “business,” family businesses must seek a balance between the emotional aspect of “family” and the economic aspect of “business” in its organizational and decision-making processes to ensure the sustainability of the family’s entrepreneurship. This study aims to focus on how internal institutional complexity combined evolves alongside the growth of the family business.
Design/methodology/approach
The research looks, from the perspective of institutional logic, into the Charoen Pokphand Group, which is an epitome of overseas Chinese family businesses and proceeds to build a model of family business growth in the context of institutional complexity.
Findings
The research finds that as a family business grows, institutional complexity inside the organization would change from aligned period to sustaining period and then to dominant period. Then further elucidates the process of proactive response in different stages of the development of a family business. Attaching equal importance to the cultivation of entrepreneurship and to the continuation of family values and culture is the crucial mechanism by which Chinese family businesses seek a balance between family logic and business logic.
Originality/value
This paper unveils the change of institutional complexity in the evolution of family businesses and the process of action of its agency as an organization, and simultaneously partly reveals the features of entrepreneurship that overseas Chinese family businesses have as they grew, which is of positive significance for exploring and building a path of growth unique to Chinese family businesses.