University of Oulu

Laari-Salmela S., Mainela T., Pernu E., Puhakka V. (2021) One Family Firm, Four Families: Developing Management Models of a Family Values-Based MNC. In: Leppäaho T., Jack S. (eds) The Palgrave Handbook of Family Firm Internationalization. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-66737-5_6

One family firm, four families : developing management models of a family values-based MNC

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Author: Laari-Salmela, Sari1; Mainela, Tuija1; Pernu, Elina1;
Organizations: 1Department of Marketing, Management and International Business & Center for Entrepreneurship and Sustainable Business, University of Oulu Business School
Format: article
Version: accepted version
Access: embargoed
Persistent link: http://urn.fi/urn:nbn:fi-fe2021061436790
Language: English
Published: Palgrave macmillan, 2021
Publish Date: 2023-05-30
Description:

Abstract

The present study approaches the internationalisation of family MNCs through the concept of a management model to examine the enactment of family values in the practice of MNC units. The study relies on the MNCs-as-network-organisations perspective, according to which an MNC is a complex web of interdependent relationships with subsidiaries embedded in their own local networks and individuals operating within them. The management model draws attention to choices about how work gets done at the firm level. We adopt a micro-level approach in an attempt to define the practices that carry the values from the historical development path of a family firm to the management models of its subsidiaries. The empirical part of the study presents an examination of a family-owned multinational and three of its subsidiaries in Sweden, Russia and the USA. The findings illustrate the family values of the MNC as a nexus that guides the operations and sets the direction of the firm in the long term, but they take different manifestations in the management models of the subsidiaries.

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ISBN: 978-3-030-66737-5
ISBN Print: 978-3-030-66736-8
Pages: 173 - 197
DOI: 10.1007/978-3-030-66737-5_6
OADOI: https://oadoi.org/10.1007/978-3-030-66737-5_6
Host publication: The Palgrave Handbook of Family Firm Internationalization
Host publication editor: Leppäaho, Tanja
Jack, Sarah
Type of Publication: A3 Book chapter
Field of Science: 512 Business and management
Subjects:
Copyright information: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2021. This is a post-peer-review, pre-copyedit version of an article published in The Palgrave Handbook of Family Firm Internationalization. The final authenticated version is available online at https://doi.org/10.1007/978-3-030-66737-5_6.