83 research outputs found
Maintaining Purpose While Relinquishing Control: Family Owners, Legacy, and the Transition from Family-Owned Business to Steward-Ownership
No full textThe drivers of heterogeneity of single-family offices : An exploratory analysis
No full textAlfredo De Massis, Josip Kotlar, Luca Manelli and Emanuela Rondi also focus on single-family offices; examining research conducted at the Observatory of Family Offices in Italy. From the research undertaken they identify "four drivers of behavioural heterogeneity of single-family offices". While by their very nature all single-family offices are different, the writers go on to identify central types of single-family office, drawing on these different categories, and explain how this can be used to enhance our understanding of family offices more widely
We do what we are: How companies use organizational identity agentically for strategy making
No full textDrivers of Supply Chain Resilience in Family Firms: An Exploratory Study
No full textThis study explores the drivers of supply chain resilience in family-owned small and medium enterprises (SMEs). Using a microfoundational perspective on dynamic capabilities, the paper investigates how cognitive capabilities and governance incentives shape resilience strategies in family firms. A multiple case study approach, involving interviews with supply chain managers, family business owners, and suppliers, reveals that long-term relationships, trust-based governance, and socio-emotional wealth preservation are central to fostering resilience. Findings highlight that while relational capital enhances collaboration and agility during crises, over-reliance on legacy relationships can expose firms to risks. The integration of dynamic capabilities—such as sensing, seizing, and transforming—with family-centric governance structures enables family firms to adapt and innovate effectively in complex supply chains. By bridging family business and supply chain resilience research, this study provides novel insights into the unique mechanisms driving resilience in family SMEs
Business model innovation in cultural and creative industries: Insights from three leading mobile gaming firms
No full textThis paper contains an exploratory analysis of the business model innovations (BMIs) that firms in cultural and creative industries (CCIs) undertake along their life-cycle. Despite the role that creative and cultural and creative firms (CCFs) have in the economic development of industrialised countries, they tend to remain small and often fail due to industry-specific constraints and tensions, such as the lack of managerial capabilities and complexity in nurturing value chain relationships. However, there has been relatively limited scholarly interest into the specific conditions and processes that enabled CCFs to overcome these liabilities, and in particular into the identification of the business models they have adopted along their life-cycle. In this paper, this issue is analysed by using the concept of BMI, which sheds light on how the reconfiguration of the activity system through which a CCF creates, delivers and captures value enables the exploitation of entrepreneurial opportunities over time. This paper builds on an in-depth historical study of three leading firms operating in the mobile gaming industry, namely Rovio, Zynga and King Digital Entertainment. Three main results emerge from this study. First, in the ramp-up phase of their life-cycle, CCFs organize their resource architecture to build a strong and recognized reputation. Second, in the development phase, BMI is used to leverage new distribution paradigms. Finally, in the maturity phase, firms dedicate resources to innovate their product portfolios by providing platforms that support the development and testing of new creative ideas and solutions. Findings and implications are then discussed
Investigating the Social-Symbolic Work of Organizational Repurposing
No full textExisting studies of organizational purpose have predominantly taken a backward view, highlighting how leaders uphold the existing, historical purpose of the organization. However, relatively little work investigates how purpose can intentionally shift, thereby incorporating novel moral imperatives that connect ethical aims with everyday practices. To address this gap, we introduce the notion of radical purpose adaptation, wherein an established organization consciously and substantially revises its purpose to align with broader societal obligations. Our analysis draws on a longitudinal, single-case study of a business school undergoing a process of strategic change. Using a social-symbolic work perspective, we conceptualize purpose as a social-symbolic object and examine how leaders actively construct the new purpose while aligning internal and external stakeholder. We find that while leaders’ efforts can indeed enact major change, they also produce unintended effects: some organizational members become distanced from the new purpose, resulting in what we term “precarious bridging.
Navigating Imprinted Entrepreneurial Legacies in a Multigenerational Family Business During Sensitive Periods
No full textExploring Implicit Theories of Corporate Purpose by CEOs and Executives of Organizations
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