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Preferred term

family business: stewardship  

Definition

  • In the family business literature, stewardship theory is a central framework that is drawn upon to explain how a family can act as a resource to their family business. With its roots in sociology and psychology, stewardship theory views organizational members as collectivists, collaborative and trustworthy. [Source: Encyclopedia of New Venture Management; Family Business: Stewardship]

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https://concepts.sagepub.com/social-science/concept/family_business:_stewardship

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