Author(s): Alexander Fries and Nadine Kammerlander
Leadership is an essential component of the success of any business, and it plays a significant part in determining the culture and the level of performance within the organization . However, because family and business systems sometimes overlap, leadership in family businesses is frequently difficult to define and always one of a kind. The authors collected 42 papers that fulfilled their inclusion criteria and then analyzed those articles to determine leaders' different leadership styles and behaviour in family businesses. According to the findings, family businesses have a distinct combination of authoritarian and participative leadership styles, with a preference for the former (Fries et al., 2020). Family leaders tend to exhibit behaviour that prioritizes maintaining family peace and heritage, such as an emphasis on tradition and loyalty and a reluctance to seek advice and help from outside sources.
This item also has significant repercussions for executives of businesses that are not family-owned. Even if specific leadership styles and behaviours may vary between family and non-family businesses, it is essential to comprehend and adjust to the particular context of each organization. This is a lesson that can be applied in any business. To effectively guide their teams, leaders in every organization must understand its history, culture, and core values. It is necessary to grasp the precise mix of autocratic and participative leadership styles and behaviours that leaders demonstrate in the particular organization to accomplish this.
This article gave me new perspectives and made me think about new ideas. As a person who aspires to become a leader in the business world, it is necessary to consider the unique obstacles and opportunities that occur in family businesses. A person who aspires to be successful in the role of a leader should always remember that effective leadership necessitates having a profound comprehension of the context in which one is operating.
Link: https://www.sciencedirect.com/science/article/pii/S1877858520301017?via%3Dihub
After reading this article, I understand that every successful company must have strong leadership, and family companies tend to favor the authoritarian style over the participative one. As it is crucial to understand each organization's history, culture, and core values in order to successfully lead their teams, this has significant implications for leaders of businesses that are not family-owned.
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