Entrepreneurial Orientation in Family Firms
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Entrepreneurial Orientation in Family Firms
ZfKE – Zeitschrift für KMU und Entrepreneurship, Vol. 56 (2008), Iss. 1-2 : pp. 141–154
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1Mattias Nordqvist, Jönköping International Business School, P.O. Box 1026, SE-5511 11 Jönköping, Schweden.
- Mattias Nordqvist, PhD, is Assistant Professor at Jönköping International Business School in Sweden where he is the also the Co-Director of CeFEO – Center for Family Enterprise and Ownership. He is affiliated with Babson College, USA, as a Co-Director of the Global STEP Project on Family Enterprising and Research Fellow at Arthur M. Blank Center for Entrepreneurship. He was recently selected Family Owned Business Institute Scholar for 2007 - 2008 at the Seidman College of Business, Grand Valley State University, Grand Rapids, USA. He publishes regularly in leading journals and presents at international research conferences. His research is focused on governance, entrepreneurship and strategy, particularly in family business contexts.
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Abstract
This paper addresses the connection between corporate entrepreneurship and family businesses, with a particular focus on the construct of entrepreneurial orientation (EO). The main argument is that family firms represent organizational contexts that have specific characteristics with impact on EO. The article includes a review of key literature on EO that is used to define and discuss the family firm as context for entrepreneurial activities. Key themes emerging in the literature review are the roles of culture, dualities and resources as well as the importance of distinguishing between different types of family firms. It is also argued that it is relevant to look further into how “enterprising families” that strive for trans-generational wealth creation attempt to develop and nurture a “family entrepreneurial orientation” (FEO), a construct that addresses the entrepreneurial orientation of a family unit rather than that of a business unit. The article closes with a future research agenda.