Other sections in Research Centres & Areas:
Developing synergies from research, teaching and close engagement with businesses.
We are committed to achieving excellence in research that contributes new and meaningful knowledge, and produces impactful implications for the business practice of small and medium-sized family firms. At the forefront of family business research and thinking, we are leading an active community of scholars and family businesses in developing global resources to promote the international exchange of ideas.
Join our event, Culture and Communication in Family Business, on the 10th July 2019. Visit Eventbrite to register.
We inspire and support better management of family firms through our international, collaborative, and multidisciplinary research on the distinctive organisational goals, processes and outcomes engendered by family influence on businesses.
We're renowned for the quality of our research, achieving more than 20 prestigious honours and awards over the past four years. Through our research projects, we've had several papers published in top international academic journals, as well as large numbers of research articles, books and book chapters.
Due to their ubiquity, family firms are increasingly recognised as an important engine for innovation and growth. Decisions and actions related to innovation engender important trade-offs for family firms, but are also important for the firms’ viability and are hence key to preserving good performance in the long term.
Our research highlights the conditions that could enable family firms to achieve or prevent them from attaining the potential benefits of innovation and consequently provides family firms and their managers with consistent and significant guidelines to improve innovation management and stimulate future growth and performance.
Economic and non-economic goals coexist within the family business. Consequently, family firm managers must be able to balance family and business needs and priorities.
Our research focuses on the goal formulation processes through which individual goals are transformed to shared organisational goals in family businesses.
Recent research shows that some family firms outperform their non-family counterparts, yet others perform poorly. Different types of family firms exist and the nature of the resource-allocation and capability development decisions made by the family businesses have strong implications for financial performance.
These decisions are influenced by the power and the discretion of family owners and managers, but also by their inherent interests and preferences. Understanding how the power and discretion of family owners and managers influence strategic decision-making in family firms is crucial for identifying the drivers of family firms' competitive advantages and performance.
A key issue affecting family businesses is the transfer of the business between generations of the family and the implications of this for the business. Evidence suggests that only about one third of family firms successfully make the transition from the first generation to the second.
For a succession to be successful, the family’s intended goals for succession have to be known and attained. The aim of our research is to understand the factors that prevent or enable the transfer of ownership and leadership from one family member to another and the drivers that support successful intrafamily successions.
The aim of our research is to show how entrepreneurial learning is socially situated and embedded in everyday practice in the context of family business. The experience of the second generation both in the family business and in overlapping contexts of learning-in-practice brings innovation and change as well as continuity.
Our research investigates the family and the business as overlapping communities of practice, as sites of practice-based knowledge, suggesting that the complex process of succession might be informed by understanding the importance of the nature and extent of participation in the family business over time.
There is increasing evidence that, throughout the world, several family members in business may come together to expand their existing business or join forces to develop various ventures over time.
We often find that entrepreneurial activity by families in business can be the result of family entrepreneurial teams, which represent groups of related individuals who engage in entrepreneurial activities. Our research devotes its attention to investigate the aspects of family firms spurring entrepreneurial teams membership, such as trust and strong identity, and how these teams develop particular attitudes of identifying and pursuing opportunities over time.
Family firms are ubiquitous and play a crucial role across all world economies, but how they differ in their social and environmental actions has been largely overlooked in the literature.
Our research aims at filling this gap by providing novel insights on how family influence on a business organisation affects corporate social responsibility.
Our research is deeply embedded in our teaching, helping students interested in family business to flourish in their chosen careers. Our undergraduate, masters and PhD programmes include theory, practice and interaction with family business owners to enhance your learning and develop vital business skills.
As the largest group of family business researchers in the UK, our members bring together vast expertise in the distinctive goals, processes and management practices that are unique to family firms. We're here to inspire and support the management of family businesses in the North West, providing access to our global research projects and developing innovative programmes to help you achieve your potential. If you'd like to get involved, or join our community, please get in touch.
There are so many challenges that arise from mixing business with family. Through years of research and engagement with global family businesses, the Lancaster University Management School (LUMS) Centre for Family Business has developed a deep understanding of these challenges and how to overcome them.
The Family Business Excellence Programme harnesses the centre's expertise to enable family-run SMEs to enhance business productivity and develop a sustainable strategy to serve future generations.
Discover our current activities. For past events, please visit our Events Archive.
There are so many challenges that arise from mixing business with family. One of the biggest is around succession. Dr Giovanna Campopiano, Director of the Centre for Family Business explores the key challenges in this article for Lancashire Business View.
Lancashire’s family businesses can drive their companies forward through a new scheme led by Lancaster University Management School.
Family business researchers and practitioners have highlighted the distinct pool of resources including human, social and financial capital that can boost innovation performance in family firms.
We have collaborative links with a range of family business practitioners, advisors and academic communities both locally and internationally, such as those below.
An international network of academics, researchers and stakeholders dedicated to the advancement of family business research.
Founded to develop a community of scholars who conduct research into understanding family firms and creating usable knowledge in this field.
A not-for-profit membership organisation that supports and represents the UK's thriving family business sector.
A professional community of engaged management scholars from over 49 countries, offering opportunities to enrich debates over a range of research management themes.
Centre for Family Business, Entrepreneurship and Innovation
Centre for Family Business, Entrepreneurship and Innovation, Latin America Research Cluster
Centre for Family Business
Centre for Consumption Insights, Centre for Family Business, Centre for Financial Econometrics, Asset Markets and Macroeconomic Policy, Centre for Leadership Studies & Practice, Centre for Marketing Analytics & Forecasting, Centre for Productivity & Efficiency, Centre for Sustainable Healthcare , Centre for Technological Futures
Our advisory board includes the following members: