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Next generation external venturing practices in family owned businesses
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).ORCID iD: 0000-0001-9248-3705
Universidad Iberoamericana, Mexico City and School of Business and Economics, Linnaeus University, Växjö/Kalmar, Sweden.
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation, Stockholm School of Economics, Sweden.ORCID iD: 0000-0002-3613-4233
2020 (English)In: Journal of Management Studies, ISSN 0022-2380, E-ISSN 1467-6486Article in journal (Refereed) Epub ahead of print
Abstract [en]

Drawing on an Entrepreneurship as Practice (EaP) approach, this article examines how next generation members in family owned businesses (FOBs) engage in external venturing. Our study builds on longitudinal qualitative research in two Mexican FOBs where the next generation launched ten ventures. It reveals five different practices of external venturing used by next generation family members: ‘obtaining family approval', ‘bypassing family', ‘family venture mimicking', ‘jockeying in family', and ‘jockeying around family.' The five practices are combined into three routes for external venturing: ‘imitating the family business', ‘splitting the family business', and ‘surpassing the family business.' Building on notions from de Certeau's practice theory (1988/1984), we present the five practices as ways of operating and the routes as modes of sensing to better understand how next generation family members deal with settings featured by dominant orders within the family and the FOB in their attempts to originate and launch their new ventures.

Place, publisher, year, edition, pages
John Wiley & Sons, 2020.
Keywords [en]
external venturing, corporate entrepreneurship, entrepreneurship as practice, next generation, family business, ownership, practice, emerging economy
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-48154DOI: 10.1111/joms.12566Local ID: HOA JIBS 2020;IHHCeFEOISOAI: oai:DiVA.org:hj-48154DiVA, id: diva2:1424503
Available from: 2020-05-19 Created: 2020-04-17 Last updated: 2020-05-19

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Ramirez-Pasillas, MarcelaNordqvist, Mattias

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