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Product Description Family firms are commonly assumed to be more longterm oriented than comparable nonfamily firms. Joern Block analyzes this phenomenon in more detail and investigates whether and under which conditions family firms pursue more longterm oriented strategies than other firms. From the Back Cover Recently, firms have been criticized for focusing too strongly on the short term and for neglecting investments in assets and capabilities required for longterm success, such as investments in R&D or in employee training. Family firms are considered to be different. They are commonly assumed to be more longterm oriented than comparable nonfamily firms. Joern Block analyzes this phenomenon in more detail and investigates whether and under which conditions family firms pursue more longterm oriented strategies than other firms. To this end, he compares R&D activities, downsizing practices and executive compensation of family firms with those of nonfamily firms. He also develops a theoretical model of how to pay a nonfamily manager who works in a family firm. About the Author Dr. Joern Block is a researcher at the Schller Chair in Technology and Innovation Management at Technische Universitt Mnchen. His research focuses on innovation, entrepreneurship, and family firms.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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