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Priorities, practices and strategies in successful and failing family businesses: an elaboration and test of the configuration perspectiveHEC Montréal and University of Alberta, Canada
University of Alberta, Canada Scholars from the configuration school have suggested that businesses do well only when they are well-configured. Specifically, they have argued that businesses must first, match organizational priorities and practices to their chosen strategy; second, strike an appropriate balance so that no priority reaches dangerous extremes; and third, avoid gaps in priorities and practices that might be associated with such extremes.We will argue that these tenets have not yet been developed or explored in a sufficiently broad and systematic way. Using a conceptual framework developed by Miller and Le Breton-Miller (2005), this research undertakes to do that in order to assess the relevance of the configurational view in the context of large successful and failing family businesses.
Key Words: configuration theory family business strategy in context
Strategic Organization, Vol. 4, No. 4,
379-407 (2006) This article has been cited by other articles:
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