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| Author: | Gils, A. van Voordeckers, W. Heuvel, J. van den |
| Title: | Environmental uncertainty and strategic behavior in Belgian family firms |
| Journal: | European Management Journal
2004 : OCT, VOL 22:5, p. 588-595 |
| Index terms: | Small business Family firms Competitive advantage Management Strategy Belgium |
| Freeterms: | SME |
| Language: | eng |
| Abstract: | The aim of this research project - conducted among a representative sample of family firms (hereafter as: f-firms.) in Belgium - is to analyze a manager's perception of environmental uncertainty and to link it to the f-firm's strategic behaviour. Results indicate that f-firm managers do not perceive their environment as a very hostile one. To attain a competitive advantage, most of them opt for a competitive strategy combining a cost leadership and differentiation perspective. However, a large group of f-firms occupies a 'stuck-in-the-middle-position'. The selection of a strategy is linked to f-firm goals and the CEO's uncertainty perception of some specific issues in the f-firm's environment. |
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