Strategic Entrepreneurship in Family Firms

Type
applied research project
Start Date
June 10, 2005
End Date
December 30, 2015
URI
Status
ongoing
Keywords
Transgenerational Entrepreneurship
Family Business
Strategic Entrepreneurship
Description
How do family firms stay entrepreneurial and manage their resources to assure long term survival and prosperity of the firm?
Leader contributor(s)
Partner(s)
Weltweit 40 Universitäten mit rund 100 Forschenden
Funder

External Financing

Topic(s)
Transgenerational Entrepreneurship
Family Business
Strategic Entrepreneurship
Method(s)
Qualitative Case Studies
Quantitative Analysis
Range
HSG Internal
Range (De)
HSG Intern
Division(s)

EMBA - Executive MBA

KMU - Swiss Research ...

University of St.Gall...

Eprints ID
21034

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Now showing 1 - 10 of 34
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    Corporate Entrepreneurship and Image in Family Firms
    (Academy of Management, 2009-08-11)
    Memili, Esra
    ;
    Eddleston, Kimberley H.
    ;
    Zellweger, Thomas  
    ;
    Kellermanns, Franz W.
    ;
    Barnett, Tim
    The impact of family ownership and family expectations on corporate entrepreneurship and family firm image has been underresearched. Drawing on corporate entrepreneurship and organizational identity theories, we develop a model linking family ownership and expectations, corporate entrepreneurship, and image in family firms. We also suggest that corporate entrepreneurship and image can lead to growth in family firms. We test the model on a sample of 163 Swiss family firms. Our most important findings are that family expectations have direct influence on both corporate entrepreneurship and image and that both corporate entrepreneurship and image are associated with growth in family firms.
    Type:conference paper
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/75690
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    Exploring Transgenerational Entrepreneurship: Implications and Conclusions
    (Edward Elgar, 2013)
    Sieger, Philipp  
    ;
    Ramachandran, Kavit
    ;
    Sharma, Pramodita
    ;
    Sharma, Pramodita
    Type:book section
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/90436
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    Linking Family Firm Image to Performance: How Family Firms build Trust to foster Success
    (2010-04-16)
    Zellweger, Thomas  
    ;
    Kellermanns, Franz W.
    ;
    Eddleston, Kimberley H.
    ;
    Memili, Esra
    Recently it has been demonstrated that developing a family-based brand identity positively contributes to firm growth through its influence on customer-centered values (Craig, Dibrell & Davis, 2008). Focusing on branding activities, Craig and colleagues (2008) examined the influence of promoting a business as a "family business" to stakeholders like customers, suppliers and financiers. Family businesses that build a family firm image in the marketplace capitalize on customers' positive perception of family firms as trustworthy (Taguiri & Davis, 1996; Ward & Arnonoff, 1995), customer-focused and quality driven (Sundaramurthy & Kreiner, 2008). Therefore, being known as a "family firm" may be a positive attribute in the minds of stakeholders that contributes to performance. Drawing from organizational identity theory, we argue that a family firm image capitalizes on a family firm's ability to garner trust and respect in the marketplace. We define family firm image as the intentional projection of a family business identity to external audiences. While research suggests that family members' concern for their firm's image (Anderson & Reeb, 2003) and brand identity (Craig et al., 2008) influence success, the processes through which a family firm emphasizes its family firm image and how that impacts firm performance is not understood. Such an investigation is important since family firms are often assumed to be concerned with their image (Dyer & Whetten, 2006; Steier, 2001) and to be favorably viewed by consumers (Craig et al., 2008; Sundaramurthy & Kreiner, 2008), yet no known study has examined the antecedents and consequences of a family firm image.
    Type:conference paper
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/96598
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    Intangible resources and family firm performance: the moderating role family involvement in strategy making
    (2008-06-30)
    Naldi, Lucia
    ;
    Nordqvist, Mattias
    ;
    Zellweger, Thomas  
    According to the RBV, intangible resources might be sources of sustainable competitive advantage because they are ingrained in the unique interaction between the family and its firm and inherently difficult to imitate by competitors. In this paper we set out to examine how two important intangible resources in the family business context, knowledge-based and reputational resources are linked to performance. In line with RBV literature proposing that resources alone do not confer a competitive advantage (Collis, 1995) we propose a contingency perspective for family involvement in strategy making. Indeed, we empirically show that the link between intangible resources and firm performance is moderated by family involvement in strategy making. The paper sheds new light on both the direct effects of reputational and knowledge-based resources on firm performance in family firms, and on the potential benefits and drawbacks of family involvement in continuous and disruptive strategy making on the efficiency of resource usage.
    Type:conference paper
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/78173
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    Exploring Transgenerational Entrepreneurship : The Role of Resources and Capabilities
    (Edward Elgar, 2013)
    Sharma, Pramodita
    ;
    Sieger, Philipp  
    ;
    Nason, Robert
    ;
    Gonzalez, Ana-Christina
    ;
    Ramachandran, Kavit
    Transgenerational entrepreneurship, as a discipline, examines the processes, resources and capabilities that allow family enterprises to create social and economic value over time in order to succeed beyond the first generation of business owners. While tangible resources such as financial and physical capital are certainly important factors in the long-term success of a family-run business, this book focuses specifically on the role of intangible resources and capabilities, which are less easily quantifiable but equally vital. Drawing insights from in-depth longitudinal studies of twenty-six family firms in twelve countries, the contributors discuss the critical role of intangible assets such as values, virtues, tacit knowledge and learning, professionalization, internal and external social networks, and reputation. Each chapter includes both a case study that serves as a practical illustration of a particular topic as well as a discussion of the theoretical perspectives and broader implications. Featuring both contributors and case studies from across the world, this volume provides a truly global approach to the study of transgenerational entrepreneurship. Professors and students of business and management, entrepreneurship and family business studies will find this book a fascinating addition to their libraries, as will family business owners, consultants and researchers.
    Type:book
    Volume:1. Auflage 2013
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/89803
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    The Effect of Reputation on Entrepreneurial Behavior in Family Firms : A Resource Perspective
    (Babson College, 2010-06-09)
    Clinton, Eric
    ;
    Nason, Robert S.
    ;
    Zellweger, Thomas  
    Throughout the development of the field, family business scholars have sought to identify the sources of distinctiveness for family firms. One promising stream in this arena has been familiness (Habbershon & Williams, 1999), which applies resource based view to the family context. Familiness contends that the idiosyncratic family influence on firm level resources explains the competitive advantages or disadvantages of family firms. Despite its conceptual power, there has been great difficulty in operationalizing familiness into a functional research construct. Pearson et al (2008) make a strong movement to clarify and focus the concept in this direction using a social capital perspective as does Sharma (2008) with a broader discussion of family influenced resource pools. Still, there have been few empirical articles on familiness despite Habbershon and Williams (1999) call that "it is the conditions and antecedents of distinctive familiness that researchers ultimately need to clarify" (1999:13). Our article serves to meet this gap in the literature through the first in depth exploration of the distinctive properties and consequences of a single resource, reputation.
    Type:conference paper
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/96343
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    The Global STEP Booklet : Evidence-based, Practical Insights for Enterprising Families
    (The Global STEP Project, 2011-04-15)
    Sieger, Philipp  
    ;
    Nason, Robert
    ;
    Sharma, Pramodita
    ;
    Zellweger, Thomas  
    For the past five years, researchers and practitioners in the Successful Transgenerational Entrepreneurship Practices (STEP) Project have worked together to explore one common question: How do family firms create value across generations? After five years it is time for STEP's network of 33 partner universities, 125 scholars and more than 75 families to reflect on our answers to this question. This booklet presents the first comprehensive effort to showcase what the global STEP community has discovered regarding the transgenerational success of family firms. Based on the common STEP research purpose and framework, this booklet presents the most interesting research findings of STEP members from around the world. Overall, we find that the major building blocks of our knowledge lie in the entrepreneurial attitudes and family-influenced resources of the firms. These factors contribute greatly to a firm's entrepreneurial and competitive performance. We explore these unique family capabilities throughout this booklet and learn how values, networks, knowledge, and governance contribute to generation spanning wealth creation
    Type:journal issue (edt.)
    Issue:1
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/94257
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