Strategic entrepreneurship in family business

G. T. Lumpkin, Lloyd Steier, Mike Wright

Research output: Contribution to journalArticle

49 Scopus citations

Abstract

The purpose of this special issue is to promote research on the role of family in nurturing entrepreneurial ventures as well as on the importance of strategic entrepreneurship in maintaining the strength and viability of established and multigenerational family firms. Two related research questions are at the heart of this inquiry: (1) In what ways does the influence of family matter to strategic entrepreneurship?; and (2) How can strategic entrepreneurship contribute to understanding and strengthening family firms? We begin this introductory paper by providing a brief overview of the contributions of each of the papers in this issue. We then develop a framework for addressing the role of family firms in strategic entrepreneurship that highlights the input-process-output nature of strategic entrepreneurship in family business and the contexts in which they occur. We conclude by outlining a research agenda for future research in this area along the themes relating to this framework.

Original languageEnglish (US)
Pages (from-to)285-306
Number of pages22
JournalStrategic Entrepreneurship Journal
Volume5
Issue number4
DOIs
StatePublished - Dec 2011

Keywords

  • Familiness
  • Family business
  • Governance
  • Strategic entrepreneurship
  • Succession

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics
  • Strategy and Management

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