Journal Article10.1111/J.1741-6248.2007.00081.X
A Resource‐Based View and Market Orientation Theory Examination of the Role of “Familiness” in Family Business Success
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TL;DR: In this paper, a case-based approach was used to examine the effect of the family structure on the actualization of an effective market orientation, thereby constituting a competitive advantage.
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Abstract: This article considers the familiness construct within the resource-based view of the firm by examining the manner in which intangible and other unique resources translate into competitive advantages held by family businesses. Specifically, this article, through a case-based approach, questions whether the familiness qualities of a firm contribute to actualization of an effective market orientation thereby constituting a competitive advantage. Analysis of multiple interviews from family owners and managers suggests that familiness qualities, including, but not limited to, strategic focus, customer orientation, family relationships, and operational efficiency, do contribute to a propensity for execution of an effective market orientation.
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Citations
The strategic realignment of paradoxical family and business goals in family business: A rhetorical history perspective
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TL;DR: This study explores how family firms can balance paradoxical family and business goals through strategic use of history, using a rhetorical history lens to alleviate tensions and produce temporal equilibria in family businesses.
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Succession Planning Management (SPM): A Case Study of Vietnamese Family Owned Business in Australia
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TL;DR: In this article, a case study of succession planning management in eight Vietnamese family owned businesses in Australia is presented, where the authors identify push and pull factors that are linked to contextual, relational and business transition factors and are reorganised into three action oriented themes: to control, to thrive and to survive.
A Review on the Market Orientation Evolution
TL;DR: A review of the market orientation literature can be found in this paper, where the authors find that the literature offers a comprehensive, yet fragmented, picture of market orientation meaning and its improvement ways.
Social networking relationships, firm-specific managerial experience and firm performance in a transition economy: A comparative analysis of family owned and nonfamily firms
TL;DR: Nonfamily firms are better able than family owned firms to use their firm-specific managerial experience to manage the resources and capabilities obtained from networking relationships with community leaders to create value and attenuates the detrimental effects of networking with politicians for both types of firms.
Human Resource Management and Market Orientation Strategies in Family and Non-family Firms in Ghana: How Do They Relate to Competitive Strategy and Firm Performance?
Moses Acquaah,Kwasi Amoako-Gyampah,Jayanth Jayaram +2 more
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TL;DR: In this paper, the authors examined the effects of human resource management (HRM) and market orientation strategies on competitive strategy and firm performance in family and non-family firms in Ghana.
References
Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
51.8K
•Posted Content
Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, a firm is considered to have a sustained competitive advantage when it is implementing a value creating strategy that no competitor is implementing and when these competitors are unable to duplicate the benefits of this strategy.
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A Resource-Based View of the Firm
TL;DR: In this paper, the authors explore the usefulness of analyzing firms from the resource side rather than from the product side, in analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested.
•Posted Content
An Evolutionary Theory of Economic Change
TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.
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The Effect of a Market Orientation on Business Profitability
John C. Narver,Stanley F. Slater +1 more
TL;DR: In this paper, the authors have been observing for more than three decades that business performance is affected by market orientation, yet to date there has been no valid measure of market orientation.
9.3K