Emotional Compass: Exploring the Socio-Emotional Wealth's Role in Guiding Change Implementation in Family Enterprises!

Abstract

This research delves into the intricate impact of socio-emotional wealth SEW on the behavioral patterns of family firms during the implementation of organizational change Employing the ambidexterity theory as a conceptual framework the study scrutinizes 200 responses from proprietors and managers of family firms through a vignette-based investigation The outcomes illuminate SEW as a pivotal guiding principle and determinant in the decision-making processes related to change SEW is identified not only as an originating factor but also as a resultant outcome of change dynamics Family firms demonstrate a propensity to embrace change in anticipation of potential advantages in terms of SEW juxtaposed with a hesitancy when confronted with perceived risks Furthermore the study underscores a continuous reciprocal influence that characterizes the dynamic interplay between SEW and change This influence extends beyond specific stages permeating strategic and operational realms within the organizational context