Redesign of Management Control Systems Following Change in Value Emphasis in Family-owned Firms
(2021) BUSN79 20211Department of Business Administration
- Abstract
- The overall purpose of the thesis is to gather deeper insights into the redesign of management control systems (MCSs) following a shift in value emphasis in family-owned firms by exploring the different dynamics of the family business system (FBS). Furthermore, the research has aimed to find an answer to how a shift from family management to external management influences the value emphasis, and how this shift influences the management control system of a family-owned firm. Therefore, a single case study in a Dutch, privately held horticultural family firm has been conducted. The combination of Malmi and Brown’s (2008) MCS as a package typology with the systematic view of value orientations in FBSs by Distelberg and Sorenson (2009) has led... (More)
- The overall purpose of the thesis is to gather deeper insights into the redesign of management control systems (MCSs) following a shift in value emphasis in family-owned firms by exploring the different dynamics of the family business system (FBS). Furthermore, the research has aimed to find an answer to how a shift from family management to external management influences the value emphasis, and how this shift influences the management control system of a family-owned firm. Therefore, a single case study in a Dutch, privately held horticultural family firm has been conducted. The combination of Malmi and Brown’s (2008) MCS as a package typology with the systematic view of value orientations in FBSs by Distelberg and Sorenson (2009) has led to the development of a framework that enables the analysis of management controls in family firms that differ in their value emphases. This thesis shows that the change in governance structure has led to a change in value emphasis within a family-owned firm. The findings indicate that this shift in value emphasis has further influenced the overall usage of the MCS. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9057833
- author
- Schindler, Sven LU and Rikkoert, Louise Willine LU
- supervisor
-
- Anders Anell LU
- organization
- course
- BUSN79 20211
- year
- 2021
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Family Systems Theory, Management Control System (MCS), Family Firm, Structural Change, Value Orientation
- language
- English
- id
- 9057833
- date added to LUP
- 2021-09-08 16:49:01
- date last changed
- 2021-09-08 16:49:01
@misc{9057833, abstract = {{The overall purpose of the thesis is to gather deeper insights into the redesign of management control systems (MCSs) following a shift in value emphasis in family-owned firms by exploring the different dynamics of the family business system (FBS). Furthermore, the research has aimed to find an answer to how a shift from family management to external management influences the value emphasis, and how this shift influences the management control system of a family-owned firm. Therefore, a single case study in a Dutch, privately held horticultural family firm has been conducted. The combination of Malmi and Brown’s (2008) MCS as a package typology with the systematic view of value orientations in FBSs by Distelberg and Sorenson (2009) has led to the development of a framework that enables the analysis of management controls in family firms that differ in their value emphases. This thesis shows that the change in governance structure has led to a change in value emphasis within a family-owned firm. The findings indicate that this shift in value emphasis has further influenced the overall usage of the MCS.}}, author = {{Schindler, Sven and Rikkoert, Louise Willine}}, language = {{eng}}, note = {{Student Paper}}, title = {{Redesign of Management Control Systems Following Change in Value Emphasis in Family-owned Firms}}, year = {{2021}}, }