Harmony, Justice, Confusion, and Conflict in Family Firms: Implications for Ethical Climate and the “Fredo Effect”

@article{Kidwell2012HarmonyJC,
  title={Harmony, Justice, Confusion, and Conflict in Family Firms: Implications for Ethical Climate and the “Fredo Effect”},
  author={Roland E. Kidwell and Franz Willi Kellermanns and Kimberly A. Eddleston},
  journal={Journal of Business Ethics},
  year={2012},
  volume={106},
  pages={503-517}
}
Family firm leaders acting as stewards of a close-knit enterprise may attempt to build a positive atmosphere of trust, clarity, and cohesiveness in the firm’s operation. Yet, conditions unique to family firms may lead some family members to develop a heightened sense of entitlement and weaker bonds to the organization. This creates conditions for a Fredo effect, where a family member’s incompetence, opportunistic behaviors, and/or ethically dubious actions can impede the firm’s success… CONTINUE READING

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