The Family Enterprise and Business Strategies

Mulholland, Kate

doi:10.1057/9780230504479_9

Cited by 21 publications

(33 citation statements)

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“…Within each farm system, cross-subsidies between businesses, in terms of material support, were supplemented by shared market development. Crucially, the central link between all the businesses within each farm system was the household (in line with Mulholland, 1997 andMariussen, 1997). The household provided business resources, labour and support, such that household resources formed a common pool that could be accessed if necessary (Habbershon and Williams, 1999).…”

Section: Inter-connectedness Of Business and Householdmentioning

confidence: 89%

“…To a large extent this practice reflects the broader management literature, where business and household have been traditionally regarded as separate spheres. Nevertheless, there is a longstanding realization that the two institutions are inextricably linked (Benedict, 1968;Mulholland, 1997;Wheelock & Mariussen, 1997), coupled with persuasive calls to embed entrepreneurship research within the context of the family (Aldrich & Cliff, 2003). More recently, it has been argued that the household offers interesting perspectives on entrepreneurship, providing a setting 'where normative systems (affect, altruism, tradition) and utilitarian systems (economic rationality) are combined' (Brannon, Wiklund & Haynie, 2013:111).…”

Section: The Entrepreneurial Household: Connecting the Market And Thementioning

confidence: 99%

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Kinship and business: how entrepreneurial households facilitate business growth

Alsos

Carter

Ljunggren

2014

Entrepreneurship & Regional Development

135

157

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Building on studies that have stressed the importance of context and the role of the family in business growth, this study explores the role of the entrepreneurial household in the process of business development and growth. We seek to understand how household strategy influences the development of new businesses, the ways in which household characteristics and dynamics influence business growth strategy decisions, and how business portfolios are managed and developed by the household. To examine these questions, comparative case studies were undertaken drawing data from four entrepreneurial households located in remote rural regions of Norway and Scotland. The data reveals the role of the entrepreneurial household in the evolution of business creation and growth, examining the processual aspects of entrepreneurial growth, the interactions between business activities and entrepreneurial households, and how business portfolios are developed in practice. Three analytical themes emerged from the analyses: the tightly interwoven connections between the business and the household; the use of family and kinship relations as a business resource base; and how households mitigate risk and uncertainty through self-imposed growth controls. While prior studies have viewed entrepreneurial growth largely as an outcome of personal ambition and business strategy, these results reveal the importance of the entrepreneurial household and the household strategy in determining business growth activities.

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Section: Inter-connectedness Of Business and Householdmentioning

confidence: 89%

Section: The Entrepreneurial Household: Connecting the Market And Thementioning

confidence: 99%

Kinship and business: how entrepreneurial households facilitate business growth

Alsos

Carter

Ljunggren

2014

Entrepreneurship & Regional Development

135

157

View full text Add to dashboard Cite

show abstract

“…The inclusion of a variety of ethnic groups, including white, militated against the tendency of isolating one community from the rest of the small business population. A single group focus runs the risk of accentuating difference (Mulholland, 1997). The independent restaurant sector was chosen because it has been a popular activity for minority ethnic businesses in Britain, and further afield (Bailey, 1985;Kesteloot and Mistiaen, 1997).…”

Section: Research Design Techniques and Stagesmentioning

confidence: 99%

“…Most microbusinesses are not a typical 'family business' unit since they do not absorb all the family members, who are usually involved in their own work -children are in education or 'respectable' employment, wives are in formal employment and/or unpaid domestic work (Mulholland, 1997). Indeed, many owners hope that their children will perform well educationally and aim for 'professional' careers (i.e.…”

Section: A Process Of Fragmentationmentioning

confidence: 99%

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Microbusiness, Household and Class Dynamics: The Embedding of Minority Ethnic Petty Commerce

Sanghera

2002

The Sociological Review

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Microbusinesses are embedded in wider social processes, and it is the nature of this social embeddedness that is the principal focus of the article. In particular, 'domestic embedding' of petty commerce is crucial, and involves a mixture of competition, domination, negotiation, and custom (Wheelock and Mariussen, 1997). Furthermore, as a socio-economic group, petty traders and producers occupy an ambivalent position in the class structure, as they are vulnerable both to upward and downward social mobility. While the petty capital class has the advantage of possessing property assets, many members lack significant symbolic and cultural assets. Nonetheless, property assets offer the most robust bases for class formation (Savage et al., 1992). In addition, the embedding of petty commerce can be both 'identitysensitive ' and 'identity-neutral' (Sayer, 1995;2000;Fraser, 1995). Extra-ethnic factors are significant in this process.The research uses formal interviews and 'quasi-ethnographic' methodology to explore the different contexts in which restaurateurs and market traders operated in Birmingham, UK. The article draws critically on several literatures on industrial organisation, economic sociology, family businesses and minority ethnic businesses. One aim is to give the rather indifferent concept of 'embedding' substantive content, and in this way to make an empirically informed contribution to 'new economic sociology'.

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Ethnic Enclave and Entrepreneurial Financing: Asian Venture Capitalists in Silicon Valley

Zhang

Wong

2016

Strategic Entrepreneurship

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Research summary: We examine the dilemma of ethnic investors in using ethnic network ties to invest by extending the 'ethnic enclave' concept to incorporate two dimensions: social network and social status. Our analysis of the first round of venture capital funding in Silicon Valley from 1976 to 2004 shows a higher likelihood of Asian venture capitalists (VCs) investing in Asian-led ventures than mainstream VCs. In addition, the valuation of their investments in mainstream ventures is higher than those by mainstream VCs in such ventures. In contrast, this premium effect is not observed when mainstream VCs invest in Asian ventures. These asymmetrical findings suggest the premium Asian VCs pay to compete in the mainstream venture market is due to their lower social status rather than their social network disadvantages. Managerial summary: Do ethnic minority investors behave differently from more mainstream investors? We examine this question by studying the venture capital industry in Silicon Valley over the period 1976 to 2004. We found that Asian venture capitalists (VCs) were more likely to invest in immigrant Asian entrepreneurs than mainstream VCs, and when they did invest in mainstream ventures, they paid higher valuations than mainstream VCs. In contrast, mainstream VCs did not pay higher average valuations compared to Asian VCs when they invested in Asian ventures. We show that two social factors-the ethnic minority VCs' social network ties and their lower social status-could have contributed to such behavioral differences.

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The Family Enterprise and Business Strategies

Cited by 21 publications

References 0 publications

Kinship and business: how entrepreneurial households facilitate business growth

Kinship and business: how entrepreneurial households facilitate business growth

Microbusiness, Household and Class Dynamics: The Embedding of Minority Ethnic Petty Commerce

Ethnic Enclave and Entrepreneurial Financing: Asian Venture Capitalists in Silicon Valley

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