Family meetings develop family unity through the creation of perceived shared beliefs. The article presents a model with strategic implications showing how shared beliefs lead to collective action, which leads to outcomes and then the reassessment of the shared beliefs. Finally, the article reports on initial research on the reliability of instruments developed to explore one aspect of this model: The creation of shared beliefs through family meetings. The initial results suggest that perceptions of shared beliefs may be an important stimulant of collective family activity.
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Document Type: Research Article
Director of the Family Controlled Corporations Program of the Snider Entrepreneurial Center at the University of Pennsylvania's Wharton School of Business, Philadelphia, PA.
Associate Professor of Management and Entrepreneurship at the Coles College of Business at Kennesaw State University, Kennesaw, GA.
Publication date: March 1, 1997