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STRATEGIC DYNAMICS AND CORPORATE GOVERNANCE EFFECTIVENESS IN A FAMILY FIRM
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Paolo Di Toma 
Abstract
This paper employs a case-study approach to address linkages between corporate governance and a firm‟s strategic dynamics. It investigates a family firm which moved from a state of crisis to a renewed growth and profitability stage to analyze how establishing appropriate governance practices may contribute to strategic renewal and value creation. Creating an effective system of corporate governance is a crucial task for all firms, requiring an appropriate balance between accountability and entrepreneurial dimensions to carry out the firm‟s strategies. Data reveal how corporate governance variations over time may help a family firm to move through its organizational life cycle, by creating an appropriate fit with the evolving strategic needs.
Keywords: Corporate Governance, Strategic Dynamics, Family Firm, Value Creation
How to cite this paper: Di Toma, P. (2012). Strategic dynamics and corporate governance effectiveness in a family firm. Corporate Ownership & Control, 10(1), 34-43. https://doi.org/10.22495/cocv10i1art3
