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Journal article

Resource orchestration in family firms : Investigating how entrepreneurial orientation, generational involvement, and participative strategy affect performance

  • Chirico, Francesco Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
  • Sirmon, David G. Mays Business School, Texas A&M University, College Station, Texas, U.S.A
  • Sciascia, Salvatore Marketing and Economics Department, IULM University, Milan, Italy
  • Mazzola, Pietro Marketing and Economics Department, IULM University, Milan, Italy
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    2011
Published in:
  • Strategic entrepreneurship journal. - Wiley. - 2011, vol. 5, no. 4, p. 307-326
Family firm
entrepreneurial orientation
generational involvement
participative strategy
resource orchestration
performance
English Drawing on the process of resource orchestration, we argue a co- alignment of multiple factors is needed for family firms to increase performance through entrepreneurship. Specifically, we posit that entrepreneurial orientation provides the mobilizing vision to use the heterogeneous yet complementary knowledge and experiences offered by increased generational involvement toward entrepreneurship. However, without a coordinating mechanism, generational involvement leads to conflict and negative outcomes. When, instead, it is also coordinated via a participative strategy, performance gains are achieved. In sum, results suggest that realizing the benefits from entrepreneurship in family firms is a complicated matter affected by the synchronization of entrepreneurial orientation, generational involvement, and participative strategy
Language
  • English
Classification
Economics
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https://n2t.net/ark:/12658/srd1318543
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