Practicing fairness in the family business workplace
Samara, Georges; Arenas, Daniel
BUSINESS HORIZONS
2017
VL / 60 - BP / 647 - EP / 655
abstract
One of the main challenges facing family firms is achieving fairness between family and non-family employees in the workplace. Family and non-family employees have the potential to offer unique and distinct contributions to the firm, which makes the achievement of fairness between them messy and complicated. Hence, two interesting questions are worth exploring: Given the complex nature of the family business human capital, how can family firms achieve fairness between family and non-family employees? Why should family business decision makers and advisors promote fair practices in the family business workplace? We first introduce a fair process model as a possible solution for family businesses to achieve fairness between family and non-family employees. Then, based on several examples and studies, we show that family business owners can benefit significantly from promoting fairness in the workplace both in terms of preserving business reputation and in terms of achieving long-term family business survival and success. (C) 2017 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.
MENTIONS DATA
Economics & Business
-
0 Twitter
-
5 Wikipedia
-
0 News
-
3 Policy
Among papers in Economics & Business
Más información
Influscience
Rankings
- BETA VERSION