Title: Resources supporting entrepreneurial orientation in multigenerational family firms
Author: Wayne Irava, Ken Moores
Fiji National University, Suva, Fiji.
Australian Centre for Family Business, Bond University, Gold Coast, Queensland 4229, Australia
Abstract: We examine entrepreneurship in multigenerational family firms. Specifically, we employ theoretical lenses drawn from both entrepreneurship (entrepreneurial orientation) and strategy (resource-based view) to develop an integrated model of transgenerational entrepreneurship. Following a review of the literature in these fields we develop propositions that articulate connections between a family firm's unique bundle of resources (familiness), its entrepreneurial orientation (EO), and the achievement of its non-financial performance objectives (NFPO). In this way the paper not only contributes to the debate concerning the link between family background and entrepreneurial behaviour but also helps clarify the broad construct familiness in terms of the nature of resources within the unique bundle.
Keywords: resource-based views; entrepreneurial orientation; non-financial performance objectives; transgenerational entrepreneurship; multigenerational family firms; resources; familiness; family backgrounds; entrepreneurial behaviour; entrepreneurial venturing; business ventures; entrepreneurs; entrepreneurialism.
Int. J. of Entrepreneurial Venturing, 2010 Vol.2, No.3/4, pp.222 - 245
Available online: 25 Nov 2010