Resources supporting entrepreneurial orientation in multigenerational family firms

Abstract

Abstract:We examine entrepreneurship in multigenerational family firms. Specifically, we employ theoretical lenses drawn from both entrepreneurship (entrepreneurial orientation) and strategy (resource-based view) to develop an integrated model of transgenerational entrepreneurship. Following a review of the literature in these fields we develop propositions that articulate connections between a family firm's unique bundle of resources (familiness), its entrepreneurial orientation (EO), and the achievement of its non-financial performance objectives (NFPO).In this way the paper not only contributes to the debate concerning the link between family background and entrepreneurial behaviour but also helps clarify the broad construct familiness in terms of the nature of resources within the unique bundle.

The role of entrepreneurial orientation and modularity for business model innovation in service companies

“…In contrast, experimentation with technologies, idea generation, and collaboration drives BMI, resulting in value generation (McGrath, 2010). A firm's EO and reconfiguration capabilities influence performance (Jantunen et al, 2005;Irava and Moores, 2010). This confirms Teece (2007), who puts forward that organizations need a risk-taking behaviour to successfully reconfigure their business.…”

Entrepreneurial Orientation and the Family Firm: Mapping the Field and Tracing a Path for Future Research

“…Specifically, these authors propose that distinctive familiness resources in multigenerational family firms are positively associated with EO. Theoretical debates and difficulties in measurement have hindered the empirical exploration of familiness (Frank, Kessler, Rusch, Suess-Reyes, & Weismeier-Sammer, 2017;Zellweger et al, 2010), preventing empirical testing of Irava and Moores' (2010) propositions.…”

A Systems Perspective for Conceptualizing Sustainability in Long‐lived Family Businesses. Research Proposals on Risk Taking and Innovativeness

“…There are thus several avenues for further research. Going beyond the traditional reductionist views, a systemic analysis of the ability to create sustainable value through the generations (with multiple key‐informant approach) is of major interest for research into family businesses, because the sole focus on the creation of wealth in accounting terms is clearly neither the only nor the primary objective of these businesses (Irava and Moores, ; Berrone et al ., ; Yu et al ., ) and also because the value creation process is inseparable in family businesses (Colli, ). An in‐depth investigation of the three drivers of sustainability in our approach would equally be of interest, namely, the degree of continuity in business growth, the degree of cohesiveness of the family and the degree of adaptability of the family to the environment (local community).…”