Stakeholder Prioritization in Family Businesses: A Theoretical Essay

Authors

DOI:

10.14211/regepe.v9i3.1532

Keywords:

Stakeholders, Stakeholders Salience, Family Firms

Abstract

Purpose: to identify the factors that influence the stakeholders management in family firms.

Methodology: a theoretical essay was developed based on the “stakeholder salience model”, which addresses prioritization criteria, and the “three circle model”, which presents the intersections between family, business, and ownership peculiar to family firms.

Findings: the results show the salience of three internal stakeholders groups in Family firms (founders, next generation members and non-family employees) based on the attributes of power, legitimacy and urgency, and considering the simultaneity of the stakeholder roles in Family business.

Theoretical contributions: the study contributes for stakeholder management and prioritization by considering similarities and differences between family and non-family businesses and including the “role simultaneity” as an important factor in this phenomenon.

Originality/Value: the inclusion of the “role simultaneity” attribute is relevant to the advancement of the “stakeholder theory” in the context of family businesses, because it offers greater scope and precision to the Salience Model and the study fosters the discussion on how to allocate organizational resources in the face of various stakeholders demands.

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Author Biographies

Simone Ruchdi Barakat, Universidade Anhembi Morumbi - UAM

Doutora em Administração pela Faculdade de Economia, Administração e Contabilidade na Unioversidade de São Paulo - FEAC/USP, São Paulo, Brasil.

Professora do Programa de Pós-Graduação em Hospitalidade da Universidade Anhembi Morumbi - UAM, São Paulo.

Tobias Coutinho Parente, Universidade Ibirapuera - UNIB


Doutor em Administração Universidade de São Paulo - USP, São Paulo, Brasil. Professor do Mestrado Profissional da Universidade Ibirapuera - UNIB. Professor convidado para cursos de pós-graduação (MBA e especialização) da Escola Superior de Propaganda e Marketing - ESPM. Professor da Fundação Instituto de Administração - FIA. 

Greici Sarturi, Universidade Federal de Santa Maria - UFSM

Doutora em Administração pela Universidade de São Paulo - USP, São Paulo, Brasil. Professora do Programa de Pós-Graduação em Administração Pública Universidade Federal de Santa Maria - UFSM, Rio Grande do Sul.

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2020-05-01

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How to Cite

Barakat, S. R., Parente, T. C., & Sarturi, G. (2020). Stakeholder Prioritization in Family Businesses: A Theoretical Essay. REGEPE Entrepreneurship and Small Business Journal, 9(3), 331–360. https://doi.org/10.14211/regepe.v9i3.1532

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Research article (Theoretical-empirical)