Patient Capital: The Role of Family Firms in Sustainable Business (Paperback) (ISBN-13: 9781107559226)

Sustainable businesses create economic and social value while simultaneously protecting the natural environment for future generations. This examination of environmental sustainability through the lens of the family business identifies factors that help family and non-family organizations address the dilemma of balancing short-term productivity, efficiency and profitability objectives, with innovating for long-term sustainable value creation. Exploring the case of the wine industry - an industry characterized by a variety of governance systems - Sanjay and Pramodita Sharma develop fresh insights into influences and drivers for proactive environmental strategies to address major global sustainability challenges. By doing so, the authors are able to demonstrate that family firms with a focus on trans-generational continuity of business, long temporal orientation, shared vision, faster decision-making processes, and the goal of preserving socio-emotional wealth are more likely to make patient long-term investments for innovations in products, services, processes and business models to address environmental sustainability challenges.

Author: Sanjay Sharma,Pramodita Sharma
ISBN-10: 1107559227
ISBN-13: 9781107559226
Publisher: Cambridge University Press
Language: English
Published: 03/24/2022
Pages: 258
Format: Paperback
Weight: 0.77lbs
Size: 9.00h x 6.00w x 0.54d