An exploratory study of firm goals in the context of family firms: An institutional logics perspective

It is assumed that cross-firm behavioral differences are caused by the different goals owners and managers leave imprinted on their organizations. However, researchers have failed to come to agreement regarding what firm goals are, what types of firm goals exist, and to what extent one type of goal is superior to others. Therefore, the aim of this study is to address these gaps using the Hybrid Delphi methodology in the particular context of family firms. Our results provide a list of family business goals, an aggregation of family business goals based on institutional logics, and evidence of the coexistence of multiple goals.