Family Firm Goals and their Effects on Strategy, Family and Organization Behavior: A Review and Research Agenda

Goals are a key differentiator between family businesses and non‐family businesses. To improve understanding of this topic, the authors take stock of what they know about goals in family business. They synthesize prior research findings and classify the research into five categories: family business goal antecedents; goal characteristics; goal‐related outcomes; moderators of goal outcomes; and feedback loop. The paper concludes by highlighting future research to advance both family business goal and general management research.