Constrictive vs. distinctive familiness and the culturing of familiness capital (FamCap)

The special capacity of family firms to perform competently is termed ‘familiness’. The construct familiness refers to strategic processes in family firms, based on the unique capabilities and involvement of the family firm owners that enhance business performance. However, the culture of familiness has to be observed cautiously with both its positive (distinctive) and negative (constrictive) attributes. Only when distinctive familiness...