Resource orchestration in family firms

investigating how entrepreneurial orientation, generational involvement, and participative strategy affect performance

Francesco Chirico, David G. Sirmon*, Salvatore Sciascia, Pietro Mazzola

*Corresponding author for this work

Research output: Contribution to journalArticle

182 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)307-326
Number of pages20
JournalStrategic Entrepreneurship Journal
Volume5
Issue number4
DOIs
Publication statusPublished - 6 Dec 2011
Externally publishedYes

Keywords

  • Entrepreneurial orientation
  • Family firm
  • Generational involvement
  • Participative strategy
  • Performance
  • Resource orchestration

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