Resource Orchestration in Family Firms: Investigating How Entrepreneurial Orientation, Generational Involvement, and Participative Strategy Affect Performance

Strategic Entrepreneurship Journal, 5, 307-326, 2011

20 Pages Posted: 18 Nov 2012 Last revised: 8 May 2013

See all articles by Francesco Chirico

Francesco Chirico

Macquarie University, Macquarie Business School; Jonkoping University - Jonkoping International Business School (JIBS)

David G. Sirmon

Texas A&M University

Salvatore Sciascia

Università Carlo Cattaneo (LIUC)

Pietro Mazzola

IULM University

Date Written: 2011

Abstract

Drawing on the process of resource orchestration, we argue a co-alignment of multiple factors is needed for family firms to increase performance through entrepreneurship. Specifi cally, we posit that entrepreneurial orientation provides the mobilizing vision to use the heterogeneous yet complementary knowledge and experiences offered by increased generational involvement toward entrepreneurship. However, without a coordinating mechanism, generational involvement leads to conflict and negative outcomes. When, instead, it is also coordinated via a participative strategy, performance gains are achieved. In sum, results suggest that realizing the benefits from entrepreneurship in family firms is a complicated matter affected by the synchronization of entrepreneurial orientation, generational involvement, and participative strategy.

Keywords: Family firm, resource orchestration, entrepreneurial orientation, product innovation, risk taking, proactiveness, generational involvement, knowledge, participative strategy

Suggested Citation

Chirico, Francesco and Sirmon, David G. and Sciascia, Salvatore and Mazzola, Pietro, Resource Orchestration in Family Firms: Investigating How Entrepreneurial Orientation, Generational Involvement, and Participative Strategy Affect Performance (2011). Strategic Entrepreneurship Journal, 5, 307-326, 2011, Available at SSRN: https://ssrn.com/abstract=2177317

Francesco Chirico (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

David G. Sirmon

Texas A&M University ( email )

430 Wehner
College Station, TX 77843-4218
United States

Salvatore Sciascia

Università Carlo Cattaneo (LIUC) ( email )

Corso Matteotti, 22
21053 Castellanza (VA)
Italy

Pietro Mazzola

IULM University ( email )

Via Carlo Bo, 1
Milano
Italy
+3902891412636 (Phone)
+3902891412770 (Fax)

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