A1 Refereed original research article in a scientific journal
System-Spanning Values Work and Entrepreneurial Growth in Family Firms
Authors: Johanna Raitis, Innan Sasaki, Josip Kotlar
Publisher: Wiley
Publication year: 2020
Journal: Journal of Management Studies
Journal name in source: JOURNAL OF MANAGEMENT STUDIES
Journal acronym: J MANAGE STUD
Number of pages: 31
ISSN: 0022-2380
DOI: https://doi.org/10.1111/joms.12653
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/51259535
Abstract
Culture and values are key drivers of corporate entrepreneurship in early stages of family firm development, but value conflicts often arise over time that progressively inhibit their entrepreneurial efforts. How can family firms reconcile conflicting values to sustain corporate entrepreneurship over time? Our 45-year longitudinal case study of a large global family firm shows that family business leaders' practices of invoking and flexibly using family and business values were crucial to achieve sustained entrepreneurial behaviour and growth over an extended period of time. We theorize these efforts as system-spanning values work enfolding through specific family, business, and temporal mechanisms. By identifying and elucidating three types of values work (i.e., rooting, revitalizing, and spreading), our study advances current understanding of the micro-foundations underpinning the relationship between values and entrepreneurship in family firms.
Culture and values are key drivers of corporate entrepreneurship in early stages of family firm development, but value conflicts often arise over time that progressively inhibit their entrepreneurial efforts. How can family firms reconcile conflicting values to sustain corporate entrepreneurship over time? Our 45-year longitudinal case study of a large global family firm shows that family business leaders' practices of invoking and flexibly using family and business values were crucial to achieve sustained entrepreneurial behaviour and growth over an extended period of time. We theorize these efforts as system-spanning values work enfolding through specific family, business, and temporal mechanisms. By identifying and elucidating three types of values work (i.e., rooting, revitalizing, and spreading), our study advances current understanding of the micro-foundations underpinning the relationship between values and entrepreneurship in family firms.
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