Understanding the family business mindset: an evolutionary approach

Justin B Craig; Catharina C. Jecklin

Understanding the family business mindset: an evolutionary approach

Bond Business School

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review

Abstract

Families and businesses evolve. Families transition; businesses transform. This article strengthens the understanding of multi-generational family businesses by introducing a heterodox-economics-rooted perspective of family business mindset adapted from Nelson and Winter’s Lamarckian-inspired evolutionary theory of the firm.1 We add contextual richness by demonstrating how a third-generation business-owning family are concurrently orchestrating their generational transition and business transformation.

Original language	English
Title of host publication	Business Families and Family businesses
Editors	Clare Stirzaker
Publisher	Globe Law and Business Limited
Chapter	1
Pages	11-23
Number of pages	12
Edition	3
ISBN (Electronic)	9781837230693
Publication status	Published - May 2025

Access to Document

https://globelawonline.com/book/347/business-families-and-family-businesses-third-edition?utm_source=Contributor+BFF25&utm_campaign=2f0dfb7958-Contributorcommunity_COPY_01&utm_medium=email&utm_term=0_111c59ee09-2f0dfb7958-471938737&goal=0_111c59ee09-2f0dfb7958-471938737&mc_cid=2f0dfb7958&mc_eid=f61d28f9f4

Cite this

Craig, J. B., & Jecklin, C. C. (2025). Understanding the family business mindset: an evolutionary approach. In C. Stirzaker (Ed.), Business Families and Family businesses (3 ed., pp. 11-23). Globe Law and Business Limited. https://globelawonline.com/book/347/business-families-and-family-businesses-third-edition?utm_source=Contributor+BFF25&utm_campaign=2f0dfb7958-Contributorcommunity_COPY_01&utm_medium=email&utm_term=0_111c59ee09-2f0dfb7958-471938737&goal=0_111c59ee09-2f0dfb7958-471938737&mc_cid=2f0dfb7958&mc_eid=f61d28f9f4

@inbook{491a8d581ecc4afcbc370774708e4e6d,

title = "Understanding the family business mindset: an evolutionary approach",

abstract = "Families and businesses evolve. Families transition; businesses transform. This article strengthens the understanding of multi-generational family businesses by introducing a heterodox-economics-rooted perspective of family business mindset adapted from Nelson and Winter{\textquoteright}s Lamarckian-inspired evolutionary theory of the firm.1 We add contextual richness by demonstrating how a third-generation business-owning family are concurrently orchestrating their generational transition and business transformation.",

author = "Craig, {Justin B} and Jecklin, {Catharina C.}",

year = "2025",

month = may,

language = "English",

pages = "11--23",

editor = "Stirzaker, {Clare }",

booktitle = "Business Families and Family businesses",

publisher = "Globe Law and Business Limited",

edition = "3",

}

Craig, JB & Jecklin, CC 2025, Understanding the family business mindset: an evolutionary approach. in C Stirzaker (ed.), Business Families and Family businesses. 3 edn, Globe Law and Business Limited, pp. 11-23. <https://globelawonline.com/book/347/business-families-and-family-businesses-third-edition?utm_source=Contributor+BFF25&utm_campaign=2f0dfb7958-Contributorcommunity_COPY_01&utm_medium=email&utm_term=0_111c59ee09-2f0dfb7958-471938737&goal=0_111c59ee09-2f0dfb7958-471938737&mc_cid=2f0dfb7958&mc_eid=f61d28f9f4>

TY - CHAP

T1 - Understanding the family business mindset: an evolutionary approach

AU - Craig, Justin B

AU - Jecklin, Catharina C.

PY - 2025/5

Y1 - 2025/5

N2 - Families and businesses evolve. Families transition; businesses transform. This article strengthens the understanding of multi-generational family businesses by introducing a heterodox-economics-rooted perspective of family business mindset adapted from Nelson and Winter’s Lamarckian-inspired evolutionary theory of the firm.1 We add contextual richness by demonstrating how a third-generation business-owning family are concurrently orchestrating their generational transition and business transformation.

AB - Families and businesses evolve. Families transition; businesses transform. This article strengthens the understanding of multi-generational family businesses by introducing a heterodox-economics-rooted perspective of family business mindset adapted from Nelson and Winter’s Lamarckian-inspired evolutionary theory of the firm.1 We add contextual richness by demonstrating how a third-generation business-owning family are concurrently orchestrating their generational transition and business transformation.

M3 - Chapter

SP - 11

EP - 23

BT - Business Families and Family businesses

A2 - Stirzaker, Clare

PB - Globe Law and Business Limited

ER -