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Published on: February 16, 2011
Stewardship as process: A paradox perspective
Miguel Pina E Cunha1, Arménio Rego2, Stewart Clegg3
1Nova School of Business & Economics, Universidade Nova de lisboa, Lisbon, Portugal.
Abstract:
Long-term stewardship is usually represented as a stable structural condition and portrayed as a source of competitive advantage to firms (including family businesses) that use it as a mode of governance. Less is known about how organizations engage with stewardship as a process. We embrace a process approach to report a case study about the unfolding of stewardship in a multi-business family group. We conclude that stewardship is a process marked by critical tensions and paradoxes; by exploring the nature of these we uncover further dimensions and responses to the paradoxes of stewardship.
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