Encouraging Family Business Members to Go the Extra Mile: Insights from Management Approaches
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4 هفته پیش
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Family businesses often navigate between
Family businesses often navigate between two management philosophies: stewardship, emphasizing participation and harmony, and agency, focusing on discipline and control. Researchers from Northeastern University, University of North Carolina-Charlotte, and Florida Atlantic University explored which approach encourages employees to exceed job expectations.
Their findings, published in Human Resource Management, highlights that a blended management style, combining stewardship's collaborative adaptability with agency's structured monitoring, effectively motivates employees to go beyond their roles. This video succinctly summarizes their compelling research.
To access the full research paper, visit this link: https://onlinelibrary.wiley.com/doi/a...
Key Takeaways:
- Effective Hybrid Approach: Integrating both stewardship and agency elements enhances employee initiative.
- Culture of Engagement: Balancing participation and control cultivates a proactive workplace environment.
- Strategic Leadership: Family businesses benefit from adaptive management strategies that empower and motivate employees.
Discover how aligning management practices can foster a dynamic workforce and drive organizational success in family businesses.
00:00 – Intro: “Managing Family Members”
00:45 – What are Stewardship Theory and Agency Theory?
01:29 – Can combining these theories produce positive results?
02:49 – How "Monitoring" & "Collaboration" can combine to (potentially) create a hybrid identity.
03:41 – The researchers’ hypothesis – combining approaches increases ERB.
04:34 – What are the results of the research?
05:13 – What does the study teach us about HR management and family firms?
Experience the best of FamilyBusiness.org—now on YouTube! Thanks to the Richard M. Schulze Family Foundation, this invaluable resource remains absolutely free. Help us keep it that way—subscribe to our YouTube channel today!
FamilyBusiness.org | Where Success is a Family Tradition
Website: https://familybusiness.org/
LinkedIn: LinkedIn: familybusiness-org
Twitter: Twitter: FamBiz_Org
Their findings, published in Human Resource Management, highlights that a blended management style, combining stewardship's collaborative adaptability with agency's structured monitoring, effectively motivates employees to go beyond their roles. This video succinctly summarizes their compelling research.
To access the full research paper, visit this link: https://onlinelibrary.wiley.com/doi/a...
Key Takeaways:
- Effective Hybrid Approach: Integrating both stewardship and agency elements enhances employee initiative.
- Culture of Engagement: Balancing participation and control cultivates a proactive workplace environment.
- Strategic Leadership: Family businesses benefit from adaptive management strategies that empower and motivate employees.
Discover how aligning management practices can foster a dynamic workforce and drive organizational success in family businesses.
00:00 – Intro: “Managing Family Members”
00:45 – What are Stewardship Theory and Agency Theory?
01:29 – Can combining these theories produce positive results?
02:49 – How "Monitoring" & "Collaboration" can combine to (potentially) create a hybrid identity.
03:41 – The researchers’ hypothesis – combining approaches increases ERB.
04:34 – What are the results of the research?
05:13 – What does the study teach us about HR management and family firms?
Experience the best of FamilyBusiness.org—now on YouTube! Thanks to the Richard M. Schulze Family Foundation, this invaluable resource remains absolutely free. Help us keep it that way—subscribe to our YouTube channel today!
FamilyBusiness.org | Where Success is a Family Tradition
Website: https://familybusiness.org/
LinkedIn: LinkedIn: familybusiness-org
Twitter: Twitter: FamBiz_Org
4 هفته پیش
در تاریخ 1403/04/19 منتشر شده
است.
9
بـار بازدید شده