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|Research and Education Symposium|
Research & Education Symposium
Overt the Covert: How can we be more relevant to one another?
James Grubman, FamilyWealth Consulting; Lloyd Steier, University of Alberta School of Business; Mariana Saavedra, Espinosa Group; Gaia Marchisio, R&E Symposium chair
The open plenary will address the “elephant in the room” — which is the relationship between theory and practice when we put together academics, practitioners and families. A topic that has “come of age” as the field approaches its second generation of academic research.
10:15AM–11:15AM Morning Sessions I
Session A: Research Pairing
Leif Melin, Jonkoping International Business School and Marjorie Blum, Kennesaw State University; Pramodita Sharma, University of Vermont and Ted Futris, University of Georgia; Rania Labaki, EDHEC, moderator
Family business research has come a long way since its inception in the early 1980s, but so far it has worked from a relatively narrow theoretical base. This session will explore research relationships between the field of psychology, particularly systems theory, and current family business theories.
Sessions B: Research Presentations
Exit, Voice and Loyalty in the Family Business Boardroom
John Neff, Case University
How do directors of family businesses react to unsatisfactory situations or work to avoid them? Albert Hirschman’s Exit, Voice and Loyalty framework is applied to the Family B usiness governance context in order to improve board functioning and ultimately firm performance.
Family Businesses and Organizational Change: A reward or punishment to employees?
Josiane Fahed-Sreih, Lebanese American University
This session investigates whether or not family businesses go through a strategic renewal and the reaction towards employees who do not follow this change. Do they support them or not and does the business encourage change and innovation specifically? Using a sample of 114 family businesses based in Lebanon, we will review data on business and owner characteristics in relation to change and innovation.
Successful Human Resource Practices in Select Family Businesses in Puerto Rico
Maritza Soto, Organization Consulting Group, Inc.
This session will explore the prevalence of human resource systems in select Puerto Rican family businesses where connections were considered between a company’s HR system, effectiveness, strategic alignment and longevity. Results indicated that formalizing an HR system in this industry occurs slowly and is largely a function of organizational size.15
11:30AM–12:30PM Morning Sessions II
Session A: Diversity in the Family Business Sandbox: Playing with Ideas at the Intersection of Interdisciplinary Academia, Research and Consulting
Jeff Savlov, Blum & Savlov; Sherrill Hayes, Kennesaw State University; Mariana Saavedra, Espinosa Group; Gaia Marchisio, Kennesaw State University, moderator
Building on the previous sessions, this diverse panel will explore the relationship between the “conceptual” and the “practical” in family business consulting and advising. Bringing professional and personal expertise from family therapy/psychoanalysis, conflict management, anthropology, panelists will discuss a range of frameworks that underpin many common practices in family business. We explore the difficult balancing of technical skills and soft skills required to work with family businesses, for example the ethical tension between therapeutic interventions and consulting. The panelists will provide concepts that will offer attendees a foundation for “reflective practice” grounded in tools and frameworks from interdisciplinary sciences.
Session B: The Pursuit of Excellence: Education and the future of family business
Kim Eddleston, Northeastern University; Judi Cunningham, Kennesaw State University; Alberto Gimeno, ESADE; Carlo Salvato, Bocconi University; Paolo Morosetti, Bocconi University, moderator
This session will focus on trends related to education for the next generation, families as whole as well as advisors and consultants. Different perspectives on the status of the industry and areas of development for educating the entire ecosystem — from undergraduate, to graduate to executive education programs — will be explored.
2:00PM–3:00PM Afternoon Session I
World Café: What is Missing in the R&E Family Business Field — Setting the agenda for the next 30 years
Paolo Morosetti, Bocconi University, moderator
The World Café is a powerful and fun process for stimulating collaborative dialogue, knowledge-sharing, and idea generating and has proven effective in creating positive systemic change — an outcome we all want as academics, educators and advisors working with enterprising families.
Table Hosts: Marjorie Blum, Kennesaw State University Kim Eddleston, Northeastern University; Alberto Gimeno, ESADE; Judy Green, FFI; Rania Labaki, EDHEC; Leif Melin, Jonkoping International Business School; Gaia Marchisio, R&E chair; Mariana Saavedra, Espinosa Group
3:15PM–4:15PM Afternoon Sessions II
Analyzing the Emotional Dimensions in the Family Business: Methodological framework and research insights
Rania Labaki, EDHEC
The lack of exploration of the emotional dimension in the family business is addressed from a methodological, empirical and practical perspective. After arguing for the combination of qualitative and quantitative methods, it presents research findings on emotional dynamics management and encourages an interactive conversation towards a unified approach.
Being Better Practitioners: How to construct a shared vision through co-development
Sylvie Huard, Harmonie Intervention
As part of this session, a co-development experience with practitioners of business transfer will be presented. The operation, outcomes and conditions of success will be detailed. In the end, the co-development appears as an innovative response to the challenge of the inherent multidisciplinary approach in business transfer environment.
Deconstructing Conflict: A framework for understanding and managing family conflict over business, wealth and power
Doug Baumoel and Blair Trippe, Continuity Family Business Consulting
Conventional approaches to managing family business conflict are insufficient to deal with the realities of identity-based, systematic conflict in environments where continuing relationships matter. A comprehensive, multi-disciplinary methodology that expands beyond dispute resolution will be presented.
Psychological Ownership of Non-Family Senior Managers: Contribution to the survival and performance of later-generational family-owned firms
Jeff Roseman, Fairfield University
This study addresses intra-family relationships and family harmony as well as disharmony as an antecedent for the non-family manager’s psychological ownership for the firm. Senior family members who have developed meaningful attachment to the family owners will perceive themselves as caretakers and protectors of the family dynasty.
4:30PM–5:00PM Closing Plenary and Closing Reception
Pramodita Sharma, editor Family Business Review, moderator