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Patient Capital: The Role of Family Firms in Sustainable Business.

Patient Capital: The Role of Family Firms in Sustainable Business.

・ISBN 978-1-107-55922-6 paper GB£ 34.00

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お気に入り
電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-316-40252-8
著者・編者Sharma, Sanjay / Sharma, Pramodita,
シリーズ (Organizations and the Natural Environment)
出版社 (Cambridge University Press, UK)
出版年月2022
ページ数258 pp.
言語ENG
ニュース番号<A03-26044>

解説

Sustainable businesses create economic and social value while simultaneously protecting the natural environment for future generations. This examination of environmental sustainability through the lens of the family business identifies factors that help family and non-family organizations address the dilemma of balancing short-term productivity, efficiency and profitability objectives, with innovating for long-term sustainable value creation. Exploring the case of the wine industry - an industry characterized by a variety of governance systems - Sanjay and Pramodita Sharma develop fresh insights into influences and drivers for proactive environmental strategies to address major global sustainability challenges. By doing so, the authors are able to demonstrate that family firms with a focus on trans-generational continuity of business, long temporal orientation, shared vision, faster decision-making processes, and the goal of preserving socio-emotional wealth are more likely to make patient long-term investments for innovations in products, services, processes and business models to address environmental sustainability challenges.