The article (Culture and values in family business—A review and suggestions for future research (Fitcher et. al)) evaluated focuses on culture, values, and family enterprises, emphasizing their importance. However, it does not address how the values and feelings of family members, such as parents, in-laws, siblings, and bosses, change with time. Instead, it implies that family relations impact these characteristics.
To investigate how the values and emotions of family business members, including parents, in-laws, siblings, and managers, evolve, more studies, especially longitudinal studies or qualitative interviews with family members inside these firms, would be required. This might include looking at how family roles and relationships develop, how generational variations influence values and emotions, and how external variables like market shifts or corporate growth affect family dynamics within the company.
The values and feelings of family business members, including parents, in-laws, and siblings who are managers, can shift dramatically over time. Founders may move their attention away from entrepreneurship and toward legacy and stability. In-laws may first seem like outsiders, yet they may integrate and influence the company's ideals. Sibling managers may develop new ideals and encounter emotional dynamics such as competition and collaboration. Values might vary as years pass, with newer generations valuing social responsibility. Effective communication and strategic planning are critical for managing these changes and keeping the family company running smoothly and harmoniously.
You offer a critical evaluation of the article "Culture and values in family business—A review and suggestions for future research" by Fitcher et al., focusing on the importance of understanding how the values and emotions of family business members evolve over time.
Your analysis demonstrates analytical and normative qualities as you highlight the gaps in the existing literature and propose avenues for future research, such as longitudinal studies or qualitative interviews, to explore the dynamics of family relationships and values within family businesses. By emphasizing the need for a deeper understanding of how external variables and generational variations influence family dynamics, your post adds depth to the discussion and offers valuable insights for researchers and practitioners in the field.
However, while your post effectively identifies the need for further research, providing specific examples or case studies illustrating how the values and emotions of family business members evolve over time would further enrich your analysis. Additionally, citing additional sources or evidence from relevant academic literature would enhance the credibility and depth of your argument.
Overall, your post contributes to the discussion by highlighting the importance of understanding the evolving values and emotions of family business members and proposing avenues for future research in the field. By incorporating real-world examples and evidence from academic literature, you can further enrich the depth and credibility of your analysis.