Family Owner–Nonfamily CEO Relational Practices Shaping CEO Succession: Handling Equivocality and Relational Balancing

Author:

Lambrechts Frank1ORCID,Kelleci Rüveyda2ORCID,Voordeckers Wim1ORCID,Huybrechts Jolien3ORCID

Affiliation:

1. Faculty of Business Economics, RCEF Research Center for Entrepreneurship and Family Firms, Hasselt University, Diepenbeek, Belgium

2. Faculty of Management, Open Universiteit, Heerlen, The Netherlands

3. School of Business and Economics, Department of Organization, Strategy & Entrepreneurship, Maastricht University, Maastricht, The Netherlands

Abstract

This study focuses on family owner–nonfamily CEO relational practices and what these relational practices constrain and potentiate in family firm CEO succession. Our main contribution is developing a constructionist relational practice perspective and approach as an alternative to the entitative view that dominates the family business literature. We illustrate the relational practice perspective through our dialogically structured inquiries with family owners and nonfamily CEOs. We co-develop practical wisdom on how family owner–nonfamily CEO relational practices can construct stuckness in organizing or, conversely, open up new possibilities to go on depending on (i) the way the family owner and nonfamily CEO “handle” equivocality and tension they continuously (re)produce through their relational practices and (ii) the way they enact “relational balancing” to equilibrate their relation in the making in terms of value/self-worth maintenance by involving other actors, such as board members, management team members, or a coach.

Publisher

SAGE Publications

Subject

Management of Technology and Innovation,Strategy and Management,General Business, Management and Accounting

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