The same but different: Understanding entrepreneurial behaviour in disadvantaged communities

While entrepreneurship is widely viewed as being equally accessible in all contexts, it could be questioned if potential or nascent entrepreneurs from minority and disadvantaged communities experience entrepreneurship in a similar manner to the mainstream population. This chapter examines immigrant, people with disability, youth, gay and unemployed communities to explore how their entrepreneurial behaviour might differ from the practices of mainstream entrepreneurs. What emerges is that marginalised communities can frequently find it difficult to divorce business from social living. This can have both positive and negative connotations for an entrepreneur, plus they face additional and distinctive challenges that mainstream entrepreneurs do not experience. The chapter concludes by proposing a novel ‘funnel approach’ that policymakers might adopt when seeking to introduce initiatives targeted at these disadvantaged communities

CEO succession and the CEO’s commitment to the status quo

Chief executive officer (CEO) commitment to the status quo (CSQ) is expected to play an important role in any firm’s strategic adaptation. CSQ is used often as an explanation for strategic change occurring after CEO succession: new CEOs are expected to reveal a lower CSQ than established CEOs. Although widely accepted in the literature, this relationship remains imputed but unobserved. We address this research gap and analyze whether new CEOs reveal lower CSQ than established CEOs. By analyzing the letters to the shareholders of German HDAX firms, we find empirical support for our hypothesis of a lower CSQ of newly appointed CEOs compared to established CEOs. However, our detailed analyses provide a differentiated picture. We find support for a lower CSQ of successors after a forced CEO turnover compared to successors after a voluntary turnover, which indicates an influence of the mandate for change on the CEO’s CSQ. However, against the widespread assumption, we do not find support for a lower CSQ of outside successors compared to inside successors, which calls for deeper analyses of the insiderness of new CEOs. Further, our supplementary analyses propose a revised tenure effect: the widely assumed relationship of an increase in CSQ when CEO tenure increases might be driven mainly by the event of CEO succession and may not universally and continuously increase over time, pointing to a “window of opportunity” to initiate strategic change shortly after the succession event. By analyzing the relationship between CEO succession and CEO CSQ, our results contribute to the CSQ literature and provide fruitful impulses for the CEO succession literature

Problematizing fit and survival: transforming the law of requisite variety through complexity misalignment

The law of requisite variety is widely employed in management theorizing and is linked with core strategy themes such as contingency and fit. We reflect upon requisite variety as an archetypal borrowed concept. We contrast its premises with insights from the institutional literature and commitment literature, draw propositions that set boundaries to its applicability, and review the ramifications of what we call “complexity misalignment.” In this way we contradict foundational assumptions of the law, problematize adaptation- and survival-centric views of strategizing, and theorize the role of human agency in variously complex regimes

Making neoliberal states of development: the Ghanaian diaspora and the politics of homelands

For impoverished African states the attraction of inward flows of capital is vital and migrants are one such source of finance. Some governments actively encourage this, which brings out tensions between national affiliation and more particularistic forms of identification. This paper examines this in the context of Ghana. Between the mid-1970s and the late 1990s there was large-scale out-migration from Ghana, creating what has been termed a ‘neo-diaspora’. The migrants have mainly settled in cities in Western Europe and North America where they have developed institutional networks linking them to other diasporic locations and to Ghana. These migrants have complex identities forged from multiple meetings in numerous places. Some of these are rooted in hometown, clan, and family attachments and the obligations this brings. The current government (in line with many developing countries) is making a major play to ‘harness’ the diaspora for political support and inward investment. Tensions are being played out about dual citizenship and whether the migrants’ economic commitments to Ghana are matched by rights as full citizens. The Ghana government has to tread a careful path between attracting investment and garnering the right sort of political support, since people in the diaspora often have an ambivalent relationship to domestic politics. One of the vehicles through which the Ghanaian state seeks to square this is through encouraging hometown associations in various cities in the global North to fund development at the local level through various local – local partnerships. Hence, the nation, the national good, and development are being promoted through particularistic ethnic and locality-based organisations, which brings to light multiple and overlapping political communities