Family business goal formation: a literature review and discussion of alternative algorithms

• Published in: Management review quarterly Vol. 69; no. 3; pp. 329 - 349
• Main Authors: Williams, Ralph I., Pieper, Torsten M., Kellermanns, Franz W., Astrachan, Joseph H.
• Format: Journal Article
• Language: English
• Published: Cham Springer International Publishing 01.09.2019; Springer Nature B.V
• Subjects: Accounting/Auditing; Algorithms; Business and Management; Family owned businesses; Goal setting; Innovation/Technology Management; International Business; Literature reviews; Maximizing; Optimizing; Goal formation; Satisficing; Family business

Goals represent an organization’s desired outcomes, and family businesses are known to pursue multiple goals, which commonly include both financial and non-financial aspects. While family business goals have garnered much attention among researchers, relatively little is known about the approaches t...