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Article
Publication date: 9 August 2011

Anne Laakkonen and Juha Kansikas

This qualitative study attempts to understand what kinds of evolutionary selection and variation occur in family businesses during the preparation of a managerial and ownership…

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Abstract

Purpose

This qualitative study attempts to understand what kinds of evolutionary selection and variation occur in family businesses during the preparation of a managerial and ownership succession.

Design/methodology/approach

The study was conducted by interviewing members of one family business in Louisiana, USA and one in Finland in order to contribute to the understanding of succession preparation in small family businesses with two generations. Evolutionary economics was adapted for this interdisciplinary study to explain evolutionary changes in a family business succession.

Findings

The findings indicate that both selection and variation can take place through different routes during the preparatory phase of a family business succession. Selection is influenced both by the founder and next generations. However, it does not occur in company A due to the reluctance of the younger generation. In company B selection is processed through joint thinking and visioning. This will lead to variation which is shaped by both generations.

Research limitations/implications

This study is based on qualitative interpretation. Limitations of the study are the small number of informants and the lack of generalization of the results.

Practical implications

This study shows that selection and variation are intertwined. If selection does not occur in a family business, it leads to no variation between the generations. However, exits are possible; death and birth of companies are part of the life cycle of family businesses.

Originality/value

Evolutionary thinking has not been studied recently among family firms except in the field of evolutionary psychology. Evolutionary thinking offers a variety of topics to study in the future.

Details

Management Research Review, vol. 34 no. 9
Type: Research Article
ISSN: 2040-8269

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Article
Publication date: 2 March 2012

Juha Kansikas, Anne Laakkonen, Ville Sarpo and Tanja Kontinen

This paper seeks to investigate how familiness and entrepreneurial leadership are related to each other in family firms. Familiness and entrepreneurial leadership are viewed as…

6179

Abstract

Purpose

This paper seeks to investigate how familiness and entrepreneurial leadership are related to each other in family firms. Familiness and entrepreneurial leadership are viewed as resources for strategic entrepreneurship. The aim of the paper is to shed light on familiness in three family firms and contribute to the field's growing body of work.

Design/methodology/approach

The paper employs a case study method. The interviewees were interviewed by theme questions and secondary information was gathered to strengthen the empirical section. Qualitative interpretation of empirical data was used.

Findings

The findings demonstrate the variety of familiness and entrepreneurial leadership within family firms. The degree of familiness varies between firms and the nature of entrepreneurial leadership also differs. The findings suggest that familiness is related to entrepreneurial leadership. It is a resource for strategic entrepreneurship in family firms.

Research limitations/implications

The limitation of the study is the case study method. The paper is based on qualitative and interpretive approach. The paper endeavours to understand familiness related to entrepreneurial leadership rather than generalise the results statistically.

Practical implications

The paper offers a perspective for business schools in teaching leadership for family firms. Education needs to be tailored to meet the relevant needs. Benchmarking from this case study offers one pathway for this.

Originality/value

The study contributes to research on structural, cognitive, and relational familiness. The paper shows that informal relations and flexibility are typical for entrepreneurial leadership in family firms.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 18 no. 2
Type: Research Article
ISSN: 1355-2554

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Book part
Publication date: 22 July 2011

Abstract

Details

Social and Sustainable Entrepreneurship
Type: Book
ISBN: 978-1-78052-073-5

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Case study
Publication date: 28 September 2015

Yeoh Khar Kheng, Sethela June and Shaik Dawood Raja Mohamed

Family business

Abstract

Subject area

Family business

Study level/applicability

This case study is relevant for undergraduate and post-graduate degrees, specifically in the field of entrepreneurship. This case can be applied in the family business and entrepreneurship module.

Case overview

This case highlights the issue of succession planning in a family business. It describes the problem faced by the founder of a security service company, Kurniawan Security Services Sdn Bhd., in handing over his business to his sons. The case depicts the occurrence of conflicts as one of the common problems in running a family business which, in the end, may affect the perpetuity of the business concerns.

Expected learning outcomes

Upon completion of the case analysis, students should be able to explain the concept of entrepreneurship in the context of a family business, discuss the issue of succession planning commonly associated with running a family business, analyse critically the nature of conflicts that may occur in a family business and suggest how the problem(s) can be attempted to be solved from within the business management perspectives.

Supplementary materials

Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

Details

Emerald Emerging Markets Case Studies, vol. 5 no. 5
Type: Case Study
ISSN: 2045-0621

Keywords

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