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Article: Family Dynamic and Family Business Financial Performance: Spousal Commitment
- Article from:
- Family Business Review
- Article date:
- March 1, 2006
- Author:
CopyrightCopyright Blackwell Publishing Mar 2006. Provided by ProQuest LLC. (Hide copyright information)
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This article views the survival of a family business as partially dependent on spousal commitment. The decision to launch a business should depend not only on analysis of the opportunity, but also on the degree to which one's spouse shares a common vision about the goals, risks, and rewards of the business. Models and testable hypotheses are developed to guide empirical research on the antecedents and consequences of spousal commitment to a family business. The models can benefit individuals considering the launch of a business, couples that currently own a business, business consultants, and university instructors teaching entrepreneurship courses.
Introduction
Bill Gore, who started W.L. ...