Family Business Dynamics
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Family Business Dynamics

A Role and Identity Based Perspective

Annika Hall

This engaging book reveals how and why family relations influence the dynamics of family owned businesses. The author examines the relevance of role and identity to the strategic development and the succession process of family businesses. She explores the individual and organisational implications of these roles and identities at different stages in the family and business life cycles.
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Chapter 7: Conclusion and Practical Advice

Annika Hall


This final chapter contains a summary of the book’s main argument as well as conclusions regarding the potential consequences of the roleand identity-induced dynamics for the individual family members and the family’s business. The chapter ends with some practical advice, extracted from the discussions throughout the book, on how to – from a role and identity perspective – in practice manage family business dynamics. Towards a conclusion This book is the result of research aiming at understanding family business dynamics by acknowledging, as opposed to reducing, its complexity. It was written in the belief that there is a need to dig into the complexity and the multi-dimensionality of family businesses in order to enhance the understanding of these organisations. Acknowledging complexity implies, however, a risk with respect to summarisations and conclusions, as packaging the understanding neatly and nicely into a model or a few sentences implies a risk of (over-)simplification. At the same time, conceptualising complex 143 HALL 9781845428303 PRINT.indd 143 12/06/2012 15:19 144 Family business dynamics realities in ways that make them comprehensible lies at the very core of qualitative research. The following concluding summary, representing the core of the discussions throughout the book, is the result of attempting to simultaneously acknowledge and conceptualise complexity: The family business has an inherent dynamic, based on family relations, with the potential of rendering the business a continuous advantageous business development under the condition that the family is aware of and is able to meet the inherent challenges of role transition,...

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