Extension 2: Barcelona, Spain
September 19, 2014
- New Approaches for Studying Strategy in Family and Business
Roberto Garcia-CastroIESE Business School
Torsten PieperKennesaw State University
Sponsors and Supporters:
The Extension at IESE Business School will bring together a panel of distinct scholars of various perspectives and experiences as well as prominent researchers interested in strategy and family business. This extension pursues two main objectives: First, to discuss and develop topical and future research avenues at the intersection of strategic management and family business. Second, to enable networking and spur the exchange of ideas and experiences about and beyond the extension theme.
Family businesses sit at the intersection of commerce and family, and as such have unique characteristics, opportunities and threats. These distinctive elements, from their different managerial behavior, to leveraging the family name, are all strategic issues that we seek to address during this workshop. Interesting questions that may be discussed are for instance:
- Why do some family businesses survive and thrive while so many others fail?
- What are the strategic implications of taking a survival versus a growth orientation?
- Are there any characteristics of family involvement that foster or inhibit longevity?
- What resources are characteristic of family business?
- How do families as owners and managers decide on appropriate resource mixes to pursue family and business strategies?
- Do families tend to have slack resources or is the mix of resources efficient?
- How and when do family business specific resources translate into competitive capabilities and a competitive advantage in the marketplace?
- Through which processes does the family create resources to the business and the business to the family?
- When do family history, name, legacy and image help or hinder successful strategy and strategic implementation?
- How does family structure affect the choice for and success of a particular strategy?
- Does family size or ownership concentration affect strategic choice?
- What are the family inherent issues in selecting acquisitions as a growth strategy and are there differences in integrations strategies based on family values and dynamics?
- Can we use traditional financial performance measures in studying family businesses? If not, how can we develop self-referential measures of performance that lead to a greater understanding of family business behavior and long-term survival?
- If families determine their own performance matrix, how do they define it, what does it consist of, and how can we measure it?
- Is family business performance predictable or idiosyncratic? And if so, how can we make it measureable?
These questions will be explored through thematic breakout sessions and panel discussions involving experts in family business and scholars that are new to the field to leverage potential synergies. Participants will also have the opportunity to discuss and network with family business owners and practitioners over a joint dinner to be held in Barcelona the evening before the extension workshop (September 19). Participants are encouraged to send their ideas, questions, and proposals to: Torsten Pieper firstname.lastname@example.org.
We are able to accept up to 50 participants for this workshop and acceptance will be based on a first come, first serve basis.
**This event is supported by the SMS Entrepreneurship IG, whose help is greatly appreciated.
This SMS Extension is a continuation of the first SMS Extension held at Kennesaw State University on October 2, 2013 under the theme “Family Business – New Ideas for Research in Strategic Management”. The distinguished panelists included: Joe Astrachan, Garry Bruton, Justin Craig, Clay Dibrell, Kim Eddleston, Steven Floyd, Mike Hitt, Duane Ireland, Franz Kellermanns, Isabelle Le Breton-Miller, Danny Miller, David Reeb, Anja Tuschke, and Justin Webb. Over 50 participants from around the World attended the event and the feedback was throughout positive. Videos of the panel discussion are available under here:http://youtu.be/Mwh7G2Y5GHo and http://youtu.be/gD-deLGTFnU.
About the Host Institution:
For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve. IESE’s success is built on a humanistic approach to business and leadership, complemented by a world class faculty producing ground-breaking research; the global scope of its programs, faculty, students and campuses; a practical and relevant teaching methodology; and a growing alumni network of 40,000 professionals world-wide.
IESE’s Chair of Family-Owned Business draws on the school long tradition in the family business arena. The aim of the Chair is to promote and support initiatives in the area of family businesses and business families, entering into important agreements with international institutions, working with them on a number of research projects and exchanging both information and experiences.
There will be a special issue from this workshop in the Journal of Family Business Strategy. Further details will be announced during the extension workshop.
A registration fee of US$ 105 per participant will be charged to cover expenses. Please note, SMS members will receive a $20 reduction. Online registration will open in mid-April.
IESE has room blocks for extension attendees at the following hotels. Please mention the SMS extension at IESE when making your reservation.AC VICTORIA SUITES
(15 minute walk from IESE)
C/ Beltrán i Ròzpide, 7-9 (before Av. Pedralbes, 16)SANSI PEDRALBES
Tel: +34 93 206 99 00
Single Room: €157 + 10% VAT
(5 minutes walk from IESE)
Av. Pearson 1-3,
Tel: +34 93 206 38 80
Single Room: €135 + 10% VAT
Breakfast: €17 + IVA