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FIRST OWNERSHIP SUCCESSION IN FAMILY BUSINESSES FROM ENTREPRENEURSHIP VIEWPOINT. 5th IFERA Annual Research Conference April 14-15, 2005 IESE Business School Eugeniusz Niedbała. Research question ….
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FIRSTOWNERSHIP SUCCESSIONINFAMILY BUSINESSESFROMENTREPRENEURSHIP VIEWPOINT 5th IFERA Annual Research Conference April 14-15, 2005 IESE Business School Eugeniusz Niedbała
Research question… • whether ownership succession in the family businesses contribute to the increase in entrepreneurship …and basic assumptions • the family business and the family create the scene, on which the process of ownership succession is going on • the process is perceived from entrepreneurship viewpoint
The definitions on which the research model should be built: • succession (transition) is a “multistage process that exists over time, beginning before the heirs even enter the business” (Handler, 1994: 134), • “entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control” (Stevenson and Jarillo, 1990: 23), • organisational entrepreneurship is “reconciling opportunities and organizational actions for new wealth creation in the context of co-evolving people and venture with organization and its environment” (Bratnicki, 2003: 18).
The premises on which the research model should be built: • concepts and theoretical constructs of entrepreneurship are multidimensional (Hofer & Bygrave, 1992), • entrepreneurship model should be built on three levels: environmental, organisational and individual (Covin & Slevin, 1991), • entrepreneurship can vary according to the environmental context but its nature and dimensions are the same regardless of the context (Morris & Kuratko, 2002),
The premises on which the research model should be built: cont. • conducting of complex research process (Ofori-Dankwa & Julian, 2001) should be a way of addressing entrepreneurship in organisations, • co-alignment (Branderburger & Nalebuff, 1996) and co-evolution of organisation and environment (Oliver & Ross, 2000) are a source of entrepreneurial actions, • entrepreneurship research should be more theory driven (Davidsson, Low & Wright, 2001),
The premises on which the research model should be built: cont. entrepreneurship research should: • consider cognitive and behavioural factors relating to entrepreneurs in variety of settings (Ucbasaran, Westhead & Wright, 2001), • consider effect on environmental factors (Aldrich & Martinez, 2001), • take multilevel approach (Davidsson & Wiklund, 2001), • consider time frame and causality issues (Chandler & Lyon, 2001).
Entrepreneurship in family business should be measured by operationalization of entrepreneurial management as: • strategy orientation, • resource control, • management structure, • reward philosophy, • growth orientation, • entrepreneurial culture made by Brown, Davidsson and Wiklund (2001).
References • Aldrich, H.E. & Martinez, M.A. (2001). Many are called but few are chosen: An evolutionary perspective for study of entrepreneurship. Entrepreneurship Theory & Practice, 25(4), 41-56. • Branderburger, R.M. & Nalebuff, B.J. (1996). Co-opetition. New York: Doubleday. • Bratnicki, M. (2003). (Ed.), Organizational entrepreneurship: Conceptual advances and some empirical tests. Katowice: Publisher of The Karol Adamiecki University of Economics. • Brown, T.H., Davidsson, P. & Wiklund, J. (2001). An operationlisation of Stevenson’s conceptualization of entrepreneurship as opportunity-based firm behavior. Strategic Management Journal, 22(10), 953–968. • Chandler, G. N. & Lyon, D. W. (2001). Issues of research design and construct measurement in entrepreneurship research: the past decade. Entrepreneurship Theory and Practice, 25(4), 101–113. • Covin, J. & Slevin, D.P. (1991). A conceptual model of entrepreneurship as firm behavior. Entrepreneurship Theory & Practice, 16(1), 7-25. • Davidsson, P., Law, M.B. & Wright, M. (2001). Editor’s introduction: Low and MacMillan ten years on: Achievements and future directions for entrepreneurship research. Entrepreneurship Theory & Practice, 25(4), 5-15. • Davidsson, P. & Wiklund, J. (2001). Levels of analysis in entrepreneurship research: current research practice and suggestions for the future. Entrepreneurship Theory & Practice, 25(4), 81-99. • Handler, W. C. (1994). Succession in Family Business: A Review of Research. Family Business Review, 7(2), 133-157. • Hofer, C.W. & Bygrave, W.D. (1992). Researching entrepreneurship. Entrepreneurship Theory & Practice, 16(3), 91-100. • Morris, M.H. & Kuratko, D.F. (2002). Corporate entrepreneurship. Entrepreneurial development within organizations. Orlando: Harcourt College Publishers. • Ofori-Dankwa, J. & Julian, S.D. (2001). Complexifying organizational theory: Illustrations using time research. Academy of Management Review, 26(5), 415-430. • Oliver, D. & Ross, J. (2000). Striking a balance: Complexity and knowledge landscapes. Maidenhead: McGraw-Hill. • Stevenson, H.H. & Jarillo, J.C. (1990). A perspective of entrepreneurship: entrepreneurial management. Strategic Management Journal, 11(1), 17–27. • Ucbasaran, D., Westhead, P. & Wright, M. (2001). The focus of entrepreneurial research: Contextual and process issues. Entrepreneurship Theory & Practice, 25(4), 57-80.
