Long-established family firms are endowed with a bundle of beliefs and practices that constitute their tradition. However, to remain competitive, they need renew products production processes. Such forces pulling toward the past future, antithetically calling for continuity change, seem paradoxical. In an abductive analysis eight long-established in Turkey, we identify four equifinal strategies manage this paradox. Adopting imprinting perspective, theorize how long-lasting legacy previous...

Network brokerage research has grown rapidly in recent decades, spanning the boundaries of multiple social science disciplines as well diverse areas within management. Accordingly, we take stock literature on network and provide guidance ways to move this burgeoning area forward. We a comprehensive review literature, including crucial dimensions concept itself terms structure behavior, set key categories factors surrounding (antecedents, outcomes, moderators), an overview dynamics over time....

The world is witnessing dramatic changes brought about by Covid-19 and its aftermath, with significant implications for the management of organizations, hence, studies. We argue that pandemic social economic reverberations are triggering particularly salient challenges family businesses (FBs) – most ubiquitous form business organization in any economy call into question some fundamental assumptions at core FB research. identify five field challenged articulate a scholarly agenda propose...

Despite the proliferation in research efforts, family firm (FF) internationalization scholarship suffers from fragmentation, theoretical limitations, and empirical indeterminacy, leaving important facets unexplored. This article's purpose is to unpack how this body of has evolved over time interfaces international business (IB) theory. We conduct a systematic literature review relevant studies covering last 30 years comprising 134 articles. Our study contributes corpus knowledge by...

Services constitute strategic components of firms' value proposition, specifically for manufacturing firms currently called to servitize their products develop product-service systems. In order new services, they need acquire, assimilate, transform and exploit external knowledge, thereby partnering with stakeholders, a strategy labelled open service innovation. Yet research on innovation management in general particular has mostly focused product innovation, leaving this area scantly...

Abstract Research Summary While family small and medium enterprises (SMEs) increasingly involve women in their boards, the role of female directors as catalysts innovation is yet to be fully understood. Drawing on upper echelons theory, we examine directors' gender conjunction with affiliation investigate influence SMEs' innovation. Moreover, by analyzing contingent socioemotional wealth preferences, open black box noneconomic aspects shaping cognition behavior boards. Our analysis a unique...

The role of organizational resilience enabling firms to respond adversity and survive has become ever more critical in the wake an increasingly unpredictable external environment. Yet, while we understand importance responding a major adversity, have little appreciation for how are affected react when facing multiple adversities over time, or multilevel factors might impose on this process. These crucial issues given that not necessarily single, isolated, infrequent episodes. By studying...

The aspiration to thrive in the long run is among most distinctive traits of family firms. On one hand, a long-term view can spur firm plan and secure its human resources (HR), thereby attracting local employees seeking stability, retaining them for decades. other low employee turnover be barrier innovation, which needed survive compete run. Nevertheless, numerous firms are renowned being simultaneously excellent employers outstanding innovators. Therefore, how oriented nurture while...

Abstract Research Summary Craft firms characterized by a humanistic approach to work face tension between adhering pure craft principles and embracing industrialization. This challenge is heightened in family‐controlled firms, striving uphold tradition while adapting change. study examines how evolves along the trajectory of entrepreneurial development through case Thun, third‐generation family firm. We identify set mechanisms four configurations—pure, technical, narrative,...

Firms are more prone to allocate their resources research and development (R&D) when they confident about ability appropriate the value created through these activities. In this regard, policymakers introduce formal intellectual property rights (IPR) institutions create an innovation-friendly environment. Less formalized shared values norms however likely affect extent which organizations depend on strength of in determining R&D strategy. Embracing institution-based perspective...

Interactions between family members of different generations often unleash powerful tensions in firms. Intergenerational can be particularly prominent during intra-family succession as a result the temporal orientations senior and junior generation members. However, scant systematic attention has thus far been paid to understanding temporality intergenerational Through an embedded case study, we explore mediation process that helps firms manage by way work. Our investigation advisory firm...

Family firms often adopt brand strategies based on their family status to convey messages of ethics and integrity external stakeholders. Research has highlighted the positive influence that family-based brands exert corporate reputation related organizational outcomes, yet they may become a liability in circumstances scandals. In this study, we disentangle complex landscape scandals by conceptually developing typology corroborated with illustrative cases. Moreover, explore consequential...

Abstract The current evolution of global value chains (GVCs) calls for moving beyond the “unipolar” view lead multinational enterprises (MNEs) as sole rulers to examine how their characteristics and those partner firms affect GVC governance. In response this call, we focus on family firms, which are most ubiquitous organizational form worldwide represent majority participating in GVCs. Unlike non-family these organizations face distinct mixed gambles, driven by both economic non-economic...

Jess Chua was a leading scholar in the field of family business and major contributor to Entrepreneurship Theory Practice both as an author editor. His significant contributions were acknowledged by Web Science, which listed him among world’s most highly cited researchers Economics Business 2017, 2019, 2020. In this memorial editorial, we pay tribute discussing his influence on through academic work, mentoring, long-term collaborations with other scholars, kindness he wife, Eva Kan, showed...

Prior research has identified the value of reconnecting dormant ties (i.e., people you used to know), allowing individuals refresh relationships and mobilize inherent in a tie its social capital). However, less well understood is how this reconnection process occurs, including it can be done or poorly. To address lack knowledge, we conducted multi-organizational combining an inductive, qualitative field study professional reconnections by North Italian textile district (Study 1) and,...

Purpose The authors develop a systematic literature review of research on family multinationals, i.e. firms owned by one or more families that engage in foreign direct investments (FDIs). Building the examination past and current research, an integrative framework identify directions to advance this area research. Design/methodology/approach Coherently with recommendations for reviews, developed followed search protocol, selecting reviewing 92 articles multinationals published from 1991...

Purpose This paper aims to examine the influence that family firms’ top management team (TMT) behavior and characteristics exert on their innovation opportunity realization. Design/methodology/approach Data were collected through a survey addressed representative sample of Italian firms. The analyzed consists 237 firms, 120 which are A series ordinary least squares models used test four hypotheses. Findings Family firms realize fewer opportunities than non-family result is fully mediated by...

We extend McLarty, Vardaman, and Barnett’s analysis of how family firm supervisor attributes, in terms familial status socioemotional wealth importance, affect supervisee performance by considering the attributes. further integrate concept restricted generalized social exchange to provide a theoretical basis for hierarchical dyadic (in)congruence moderates relationship between commitment performance. By providing more fine-grained conceptualization, we contribute business literature at its...

Purpose of the paper:This paper aims to study how family firms manage their Global Value Chain (GVC).In particular, we investigate are able keep control over operations outsourced foreign partners.Prior research focused on understanding GVC has mainly concentrated large multinational enterprises.However, while enterprises can overcome transaction cost complexities by exploiting superior legitimacy and power weaker firms, SMEs often do not have that amount due financial managerial...