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| Author: | Gedajlovic, E. Lubatkin, M.H. Schulze, W.S. |
| Title: | Crossing the threshold from founder management to professional management: A governance perspective |
| Journal: | Journal of Management Studies
2004 : JUL, VOL. 41:5, p. 899-912 |
| Index terms: | Corporate governance Knowledge management Management |
| Language: | eng |
| Abstract: | This paper argues that the challenges faced by threshold firms (hereafter as: th/fs.) are deeply rooted in governance characteristics (i.e. the incentives, authority etc.) which imbue them with characteristic capabilities, disabilities and path dependencies. Whereas the principal problem facing threshold firms relates to organizational learning and knowledge management, this paper posits resource acquisition and utilization to be equally important. In addition, it is argued that governance theory is more able than a knowledge-based perspective to explain the root causes of the learning and resource issues faced by th/fs. as well as the complex set of processes involved in their effective management. |
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