Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

Prof. Dr. Philipp Sieger's Blog (1)

Non-family employees in family firms: How to make them act entrepreneurially?

A main factor for the long-term success of family firms is entrepreneurial non-family employees. But a perennial and still unanswered question is: how can family firms make their non-family employees behave entrepreneurially, meaning that they recognize and explore entrepreneurial opportunities, that they develop and implement new ideas? That they think and act as if it would be “their” company?

One might intuitively think of making those employees actual co-owners of the family firm…

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Added by Prof. Dr. Philipp Sieger on June 29, 2014 at 2:40pm — No Comments

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