Why Can't a Family Business Be More Like a Nonfamily Business?: Modes of Professionalization in Family Firms

  • Stewart A
  • Hitt M
  • 331


    Mendeley users who have this article in their library.
  • 148


    Citations of this article.


The authors survey arguments that family firms should behave more like nonfamily firms and "professionalize." Despite the apparent advantages of this transition, many family firms fail to do so or do so only partially. The authors reflect on why this might be so, and the range of possible modes of professionalization. They derive six ideal types: (a) minimally professional family firms; (b) wealth dispensing, private family firms; (c) entrepreneurially operated family firms; (d) entrepreneurial family business groups; (e) pseudoprofessional, public family firms; and (f) hybrid professional family firms. The authors conclude with suggestions for further research that is attentive to such variation.

Author-supplied keywords

  • entrepreneurship
  • family firms
  • hybrid organizations
  • performance
  • professionalization

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document


Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free