Family Values and Inter-Institutional Governance of Strategic Decision Making in Indian Family Firms

In this paper we use new venture creation in Indian family firms to explore the family firm as an inter-institutional system. We argue that in societies where the traditional family dominates social and economic life, the relationship between the two institutions, the firm and the family, is managed via inter-institutional logics. These inter-institutional logics help reconcile the tensions that often arise in the family firms during strategic decision-making. We use archival and interview data on thirty-six new ventures in eight Indian family firms to identify these logics. Our analysis shows that the interaction between firm and family institutional logics in Indian family firms generates four sub-logics: Economic, Expertise, Reputation and Attachment. These four logics are used to frame and screen new venture opportunities and justify resource allocation

The appropriateness of incentives for small scale enterprise location in less developed areas

School of Managemen

Industrial location dynamics : location theory revisited

School of Managemen

Exploring transgenerational entrepreneurship : the role of resources and capabilities

Families are engines of economic activity around the world. In many cases their economic impac lasts for centuries and generations. This phenomenon is referred to as transgenerational entrepreneurship (TE) and is defined as the processes, resources and capabilities used by an enterprising family to create financial and socio-emotional value across generations (cf., Habbershon et al., 2010). Te shifts the level of analysis to the family. It examines how the longevity of family enterprises extends beyond the life cycle of any individual operating entity (Zellweger et al., 2013). As Penrose highlights in her seminal work,, Theory of the Growht of the Firm (1959), the nature of the firm’s resources. The aim of this book is to understand how successful enterprising families in different contexts build and exploit resources and capabilities to create entrepreneurial ventures across generations. We focus on a specific theme within TE – the role of intangible resources and capabilities