This study represents a longitudinal in-depth investigation of entrepreneurial opportunity development in a Finnish start-up company. A qualitative interpretive case study method is applied here that enables us to provide in-depth findings to promote opportunity-related research in the fields of entrepreneurship and International Entrepreneurship. We create an empirical process model that unlocks the longitudinal development of entrepreneurial opportunity and internal and external features contributing to it. The findings indicate that the development process represents a transformation from the assessment of demand into the creation of actual solutions. In addition, the process model reveals how the objectives and motivations of individuals, as well as external features in the industry and events, drive the development of entrepreneurial opportunity.
{"title":"The Evolution of Entrepreneurial Opportunity: The Case of a Finnish Start-up in the Telecom Industry","authors":"Teemu Tuomisalo, Martin Hannibal","doi":"10.1515/erj-2023-0442","DOIUrl":"https://doi.org/10.1515/erj-2023-0442","url":null,"abstract":"This study represents a longitudinal in-depth investigation of entrepreneurial opportunity development in a Finnish start-up company. A qualitative interpretive case study method is applied here that enables us to provide in-depth findings to promote opportunity-related research in the fields of entrepreneurship and International Entrepreneurship. We create an empirical process model that unlocks the longitudinal development of entrepreneurial opportunity and internal and external features contributing to it. The findings indicate that the development process represents a transformation from the assessment of demand into the creation of actual solutions. In addition, the process model reveals how the objectives and motivations of individuals, as well as external features in the industry and events, drive the development of entrepreneurial opportunity.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"6 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142201701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Bottom-of-the-pyramid (BoP) entrepreneurs have few resources to draw on besides their human capital. We analyze the effects of a training program teaching lean management to BoP entrepreneurs in Zambia by comparing its performance effects across individuals with high and low levels of specific human capital. We find that participation in the entrepreneurship training program positively affects management practices related to lean management as well as cost reduction for all training participants. The program, however, has no uniform effect on profits. The effect is positive only for entrepreneurs equipped with specific human capital. Moreover, we observe that this effect is in particular strong for entrepreneurs with vocational education compared to work experience. This suggests that the value of entrepreneurship training programs is contingent on human-capital endowment and calls into question existing notions of what it means to offer such programs.
{"title":"Entrepreneurship Trainings and Human Capital Endowment: When Learning from External Sources Does (Not) Increase Performance","authors":"Cornelia Storz, Egbert Amoncio, Rajesh Ramachandran","doi":"10.1515/erj-2023-0186","DOIUrl":"https://doi.org/10.1515/erj-2023-0186","url":null,"abstract":"Bottom-of-the-pyramid (BoP) entrepreneurs have few resources to draw on besides their human capital. We analyze the effects of a training program teaching lean management to BoP entrepreneurs in Zambia by comparing its performance effects across individuals with high and low levels of specific human capital. We find that participation in the entrepreneurship training program positively affects management practices related to lean management as well as cost reduction for all training participants. The program, however, has no uniform effect on profits. The effect is positive only for entrepreneurs equipped with specific human capital. Moreover, we observe that this effect is in particular strong for entrepreneurs with vocational education compared to work experience. This suggests that the value of entrepreneurship training programs is contingent on human-capital endowment and calls into question existing notions of what it means to offer such programs.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"28 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505356","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Small and medium tourism enterprises (SMTEs) play a vital role in the sustainability and innovation of tourism destinations. Although their role in the sustainability of destinations has received much attention, research focusing on the antecedents of their social innovation practices remains limited. Drawing on theories on entrepreneurship and social innovation, this study contributes to the body knowledge through an empirical analysis of the factors that drive the social innovations of tourism entrepreneurs. For this purpose, a mixed method approach is conducted which includes an e-survey of tourism entrepreneurs (analysed using PLS-SEM, NCA and IPMA) followed by in-depth interviews to gain additional insights. The results showed that 68 % of the SMTEs pursue social development objectives, and 44 % seek opportunities to improve the social conditions of the community in which the firm operates. The results also reveal that entrepreneurial self-efficacy, community attachment and entrepreneurial passion positively influence social innovations, however, entrepreneurial passion is a ‘necessary condition’ for achieving social innovation outcomes. Research also found that ‘opportunity perception’ has an indirect effect on social innovations that is mediated by entrepreneurial self-efficacy. The results provide important insights for the development of social innovation in the context of tourism entrepreneurs, with practical implications for local governments and destination authorities in supporting entrepreneurship and sustainability.
{"title":"Entrepreneurial Passion: A Key Driver of Social Innovations for Tourism Firms","authors":"Álvaro Dias, Rob Hallak, Mafalda Patuleia","doi":"10.1515/erj-2023-0455","DOIUrl":"https://doi.org/10.1515/erj-2023-0455","url":null,"abstract":"Small and medium tourism enterprises (SMTEs) play a vital role in the sustainability and innovation of tourism destinations. Although their role in the sustainability of destinations has received much attention, research focusing on the antecedents of their social innovation practices remains limited. Drawing on theories on entrepreneurship and social innovation, this study contributes to the body knowledge through an empirical analysis of the factors that drive the social innovations of tourism entrepreneurs. For this purpose, a mixed method approach is conducted which includes an e-survey of tourism entrepreneurs (analysed using PLS-SEM, NCA and IPMA) followed by in-depth interviews to gain additional insights. The results showed that 68 % of the SMTEs pursue social development objectives, and 44 % seek opportunities to improve the social conditions of the community in which the firm operates. The results also reveal that entrepreneurial self-efficacy, community attachment and entrepreneurial passion positively influence social innovations, however, entrepreneurial passion is a ‘necessary condition’ for achieving social innovation outcomes. Research also found that ‘opportunity perception’ has an indirect effect on social innovations that is mediated by entrepreneurial self-efficacy. The results provide important insights for the development of social innovation in the context of tourism entrepreneurs, with practical implications for local governments and destination authorities in supporting entrepreneurship and sustainability.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"69 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Although entrepreneurial intentions have been widely studied, however, the relationship between intention and action is an understudied area, especially in the Middle East/North African (MENA) region. This paper investigates the antecedents of the intention-action relationships based on the doer, procrastinator, dreamer, and abstainer taxonomy of student entrepreneurs. In this paper, a sample (N = 12,947) from seven countries from the MENA region, and a multinomial logistic regression modelling. Findings show that university contextual factors play a significant role in the likelihood of students actively starting their own business, or just procrastinating and dreaming about it. More specifically, entrepreneurial-oriented learning programs reduce the probability of students completely abstaining from choosing entrepreneurship as a career. Past research primarily has utilized a singular intention framework (an “all-or-nothing” decision), without reflecting the stepwise commitment of the entrepreneurial process.
{"title":"The Entrepreneurial Intention-Action Relationships among Young Entrepreneurs: A Taxonomy-Based Perspective","authors":"Safiya Mukhtar Alshibani, Atiya Bukhari, Veland Ramadani, Mathew (Mat) Hughes","doi":"10.1515/erj-2023-0327","DOIUrl":"https://doi.org/10.1515/erj-2023-0327","url":null,"abstract":"Although entrepreneurial intentions have been widely studied, however, the relationship between intention and action is an understudied area, especially in the Middle East/North African (MENA) region. This paper investigates the antecedents of the intention-action relationships based on the <jats:italic>doer, procrastinator, dreamer</jats:italic>, and <jats:italic>abstainer</jats:italic> taxonomy of student entrepreneurs. In this paper, a sample (<jats:italic>N</jats:italic> = 12,947) from seven countries from the MENA region, and a multinomial logistic regression modelling. Findings show that university contextual factors play a significant role in the likelihood of students actively starting their own business, or just procrastinating and dreaming about it. More specifically, entrepreneurial-oriented learning programs reduce the probability of students completely abstaining from choosing entrepreneurship as a career. Past research primarily has utilized a singular intention framework (an “all-or-nothing” decision), without reflecting the stepwise commitment of the entrepreneurial process.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"66 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140075961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mir Shahid Satar, Safiya Mukhtar Alshibani, Ghadah Alarifi
The study investigates the effects of firm-level entrepreneurship orientation (EO) dimensions of innovativeness, risk-taking, and proactiveness on digital transformation (DT) in small and medium enterprises (SMEs) while considering their interactions with the organization’s strategic agility. The study hypothesizes that all three firm-level EO dimensions are positively associated with DT within SMEs and that strategic agility positively moderates this effect. The study’s data came from a survey of 122 Saudi SMEs, where digitalization has recently emerged as a potential approach to transforming SMEs. The data analysis results from Smart PLS 3.0 provide complete support for the hypotheses. The study is one of the first to investigate the firm-level EO in the context of DT and provides implications for strategizing the SME’s DT by capitalizing on the firm’s EO intensity. As a result, the study contributes to entrepreneurship and management research vis-à-vis the current digitalization discourse.
本研究探讨了企业层面的创业导向（EO）维度--创新性、冒险性和主动性--对中小企业数字化转型（DT）的影响，同时考虑了它们与组织战略敏捷性之间的相互作用。研究假设，企业层面的所有三个 EO 维度都与中小型企业的数字化转型正相关，而战略敏捷性则对这一影响起到积极的调节作用。本研究的数据来自对 122 家沙特中小企业的调查，数字化最近已成为中小企业转型的一种潜在方法。Smart PLS 3.0 的数据分析结果完全支持上述假设。本研究是首批对企业层面的数字化转型中的企业运营进行调查的研究之一，并通过利用企业的企业运营强度为中小企业的数字化转型战略提供了启示。因此，相对于当前的数字化讨论，本研究有助于创业和管理研究。
{"title":"Effects of Firm-Level Entrepreneurship Orientation on Digital Transformation in SMEs: The Moderating Role of Strategic Agility","authors":"Mir Shahid Satar, Safiya Mukhtar Alshibani, Ghadah Alarifi","doi":"10.1515/erj-2023-0267","DOIUrl":"https://doi.org/10.1515/erj-2023-0267","url":null,"abstract":"The study investigates the effects of firm-level entrepreneurship orientation (EO) dimensions of innovativeness, risk-taking, and proactiveness on digital transformation (DT) in small and medium enterprises (SMEs) while considering their interactions with the organization’s strategic agility. The study hypothesizes that all three firm-level EO dimensions are positively associated with DT within SMEs and that strategic agility positively moderates this effect. The study’s data came from a survey of 122 Saudi SMEs, where digitalization has recently emerged as a potential approach to transforming SMEs. The data analysis results from Smart PLS 3.0 provide complete support for the hypotheses. The study is one of the first to investigate the firm-level EO in the context of DT and provides implications for strategizing the SME’s DT by capitalizing on the firm’s EO intensity. As a result, the study contributes to entrepreneurship and management research vis-à-vis the current digitalization discourse.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"160 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140033049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Trade credit is one of the primary sources of short-term financing, especially in family firms. However, trade credit can be expensive, with an implicit annual interest rate exceeding 40 %. From a theoretical point of view, cheaper short-term bank debt should then be preferred above trade credit. Surprisingly, the overall use of trade credit exceeds, by far, the use of short-term bank credit. Therefore, we investigate the antecedents of the intention to use expensive trade credit. Relying on the theory of honest incompetence, we argue that the CEO’s knowledge of trade credit determines the intention to use it. Additionally, we argue that even when the CEO is aware of the high costs related to trade credit, expensive trade credit may still be used in order to prevent sending negative signals towards the supplier. Our analysis, based on a sample of Belgian family SMEs, shows that knowledge of the cost of trade credit indeed negatively influences the intention to use trade credit.
{"title":"Disentangling the Intention to Use Trade Credit in Family SMEs: The Influence of Knowledge and Signals","authors":"Katrien Jansen, Anneleen Michiels, Wim Voordeckers, Tensie Steijvers","doi":"10.1515/erj-2023-0237","DOIUrl":"https://doi.org/10.1515/erj-2023-0237","url":null,"abstract":"Trade credit is one of the primary sources of short-term financing, especially in family firms. However, trade credit can be expensive, with an implicit annual interest rate exceeding 40 %. From a theoretical point of view, cheaper short-term bank debt should then be preferred above trade credit. Surprisingly, the overall use of trade credit exceeds, by far, the use of short-term bank credit. Therefore, we investigate the antecedents of the intention to use expensive trade credit. Relying on the theory of honest incompetence, we argue that the CEO’s knowledge of trade credit determines the intention to use it. Additionally, we argue that even when the CEO is aware of the high costs related to trade credit, expensive trade credit may still be used in order to prevent sending negative signals towards the supplier. Our analysis, based on a sample of Belgian family SMEs, shows that knowledge of the cost of trade credit indeed negatively influences the intention to use trade credit.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"31 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140032561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Previous research has pointed to differences in the use of social capital between male and female entrepreneurs that may explain, in part, the different outcomes they obtain. Adopting a gender perspective, this study analyses whether these differences depend on the contextual configurations in which their businesses operate, specifically the degree of hostility of the context and their household structure. Thirty male and female entrepreneurs who set up their businesses in poor neighbourhoods in and around the city of Guayaquil (Ecuador) were interviewed. Data was analysed using content analysis and comparative qualitative fuzzy set analysis. The results show that women rely on bridging and bonding social capital for favourable entrepreneurial outcomes, while men rely mainly on bonding social capital, with the structure of the household being one of the influences that condition whether or not they go outside their immediate environment to mobilise resources. This work contributes to a better understanding of how the relational behaviour of male and female entrepreneurs is conditioned by gender and context. These results differ from those obtained in previous research focusing more on developed countries and suggest that gender differences in social capital are at least partly explained by the contextual configurations in which entrepreneurs find themselves, and especially by the needs and agency space available to them, rather than by the faithful reproduction of gender roles and the behavioural patterns derived from them.
{"title":"Gender Differences in the use of Social Capital for Entrepreneurial Activity Within Contexts of Poverty","authors":"Fernando X. Proaño Sánchez, Ana M. Bojica","doi":"10.1515/erj-2023-0124","DOIUrl":"https://doi.org/10.1515/erj-2023-0124","url":null,"abstract":"Previous research has pointed to differences in the use of social capital between male and female entrepreneurs that may explain, in part, the different outcomes they obtain. Adopting a gender perspective, this study analyses whether these differences depend on the contextual configurations in which their businesses operate, specifically the degree of hostility of the context and their household structure. Thirty male and female entrepreneurs who set up their businesses in poor neighbourhoods in and around the city of Guayaquil (Ecuador) were interviewed. Data was analysed using content analysis and comparative qualitative fuzzy set analysis. The results show that women rely on bridging and bonding social capital for favourable entrepreneurial outcomes, while men rely mainly on bonding social capital, with the structure of the household being one of the influences that condition whether or not they go outside their immediate environment to mobilise resources. This work contributes to a better understanding of how the relational behaviour of male and female entrepreneurs is conditioned by gender and context. These results differ from those obtained in previous research focusing more on developed countries and suggest that gender differences in social capital are at least partly explained by the contextual configurations in which entrepreneurs find themselves, and especially by the needs and agency space available to them, rather than by the faithful reproduction of gender roles and the behavioural patterns derived from them.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"9 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139766626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A growing number of chefs are setting up their own businesses to offer a gastro-dining experience in places without an extensive gastro-dining tradition. In this context, our purpose is to explore the behaviours of entrepreneurs of small businesses in the newly developing Turkish gastro-dining market. We adopted a qualitative research design to gain insight into the perceptions of ten entrepreneurs. Our findings demonstrate that the participants’ entrepreneurial behaviour can be explained through effectuation logic. This manifests itself through control over consumption, learning and improvising within the flow of life as well as the exchange of informal and positive relationships with stakeholders. Furthermore, we discovered that those entrepreneurs with gastronomy training also exhibited entrepreneurial behaviour in terms of aiming to become a brand, with a causation logic along with effectuation.
{"title":"Exploring the Behaviours of Small Business Entrepreneurs in the Gastro-Dining Industry: Risks, Relationships and Gourmet Chefs in Action","authors":"Özgür Atılgan, Aykut Berber, Cavide Uyargil","doi":"10.1515/erj-2022-0203","DOIUrl":"https://doi.org/10.1515/erj-2022-0203","url":null,"abstract":"A growing number of chefs are setting up their own businesses to offer a gastro-dining experience in places without an extensive gastro-dining tradition. In this context, our purpose is to explore the behaviours of entrepreneurs of small businesses in the newly developing Turkish gastro-dining market. We adopted a qualitative research design to gain insight into the perceptions of ten entrepreneurs. Our findings demonstrate that the participants’ entrepreneurial behaviour can be explained through effectuation logic. This manifests itself through control over consumption, learning and improvising within the flow of life as well as the exchange of informal and positive relationships with stakeholders. Furthermore, we discovered that those entrepreneurs with gastronomy training also exhibited entrepreneurial behaviour in terms of aiming to become a brand, with a causation logic along with effectuation.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"5 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139583902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The resource curse hypothesis supposes that rents generated by resource booms create opportunities for rent-seeking activities, which weaken innovation and economic development due to the potentially adverse effects in competitive markets. The quality of institutions is an important channel to transform society from a rent-seeking economy to an entrepreneurial economy. We address in this paper these channels by examining necessity, opportunity, productive and innovative measures of entrepreneurship. Using annual data from 2002 to 2017, we estimate the relationship between entrepreneurship and natural resource rents for 60 countries. Allowing for measures of institutions (corruption, government policies, and cultural and social norms) and real GDP growth, we find that natural resource rents have negative effects on productive and innovative entrepreneurship, especially in high-income countries. In threshold dynamic panels, entrepreneurial activities grow with higher levels of corruption (weaker institutions), with an interpretation provided based on the higher corruption in developing economies.
{"title":"Entrepreneurship, Resource Rents and Institutions","authors":"Andre Mollick, Lu Sui","doi":"10.1515/erj-2023-0028","DOIUrl":"https://doi.org/10.1515/erj-2023-0028","url":null,"abstract":"The resource curse hypothesis supposes that rents generated by resource booms create opportunities for rent-seeking activities, which weaken innovation and economic development due to the potentially adverse effects in competitive markets. The quality of institutions is an important channel to transform society from a rent-seeking economy to an entrepreneurial economy. We address in this paper these channels by examining necessity, opportunity, productive and innovative measures of entrepreneurship. Using annual data from 2002 to 2017, we estimate the relationship between entrepreneurship and natural resource rents for 60 countries. Allowing for measures of institutions (corruption, government policies, and cultural and social norms) and real GDP growth, we find that natural resource rents have negative effects on productive and innovative entrepreneurship, especially in high-income countries. In threshold dynamic panels, entrepreneurial activities grow with higher levels of corruption (weaker institutions), with an interpretation provided based on the higher corruption in developing economies.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"36 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138504588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The objective of the article is to identify from the perspective of socio-emotional wealth the key challenges that formal advisors cooperating with family businesses face and the factors determining their effective cooperation. The paper has a theoretical character. Using the assumptions of socio-emotional wealth construct the propositions indicating the future research directions were formulated. The main challenge of formal advisors working with family businesses is to understand and accept that socio-emotional wealth is an important point of reference in the process of making strategic decisions. Therefore, one of the most important factors for their effective cooperation is the advisor’s awareness of the importance of SEW for the owners’ family, sources of socio-emotional wealth and the current phase in the life cycle of the family business.
{"title":"An Advisor to a Family Business. Main Challenges from the Perspective of Socio-Emotional Wealth (SEW)","authors":"Izabela Koładkiewicz, Marta Wojtyra-Perlejewska","doi":"10.1515/erj-2022-0270","DOIUrl":"https://doi.org/10.1515/erj-2022-0270","url":null,"abstract":"Abstract The objective of the article is to identify from the perspective of socio-emotional wealth the key challenges that formal advisors cooperating with family businesses face and the factors determining their effective cooperation. The paper has a theoretical character. Using the assumptions of socio-emotional wealth construct the propositions indicating the future research directions were formulated. The main challenge of formal advisors working with family businesses is to understand and accept that socio-emotional wealth is an important point of reference in the process of making strategic decisions. Therefore, one of the most important factors for their effective cooperation is the advisor’s awareness of the importance of SEW for the owners’ family, sources of socio-emotional wealth and the current phase in the life cycle of the family business.","PeriodicalId":45658,"journal":{"name":"Entrepreneurship Research Journal","volume":"38 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135365512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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