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Redesign of Management Control Systems Following Change in Value Emphasis in Family-owned Firms

Schindler, Sven LU and Rikkoert, Louise Willine LU (2021) BUSN79 20211
Department 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)
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author
Schindler, Sven LU and Rikkoert, Louise Willine LU
supervisor
organization
course
BUSN79 20211
year
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}},
}