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Next generation external venturing practices in family owned businesses
Jönköping University, Sweden. (CeFEO)ORCID iD: 0000-0001-9248-3705
Linnaeus University, School of Business and Economics, Department of Organisation and Entrepreneurship. Ibero-American University, Mexico.ORCID iD: 0000-0002-4951-4171
Jönköping University, Sweden;Stockholm School of Economics, Sweden. (CeFEO)ORCID iD: 0000-0002-3613-4233
2021 (English)In: Journal of Management Studies, ISSN 0022-2380, E-ISSN 1467-6486, Vol. 58, no 1, p. 63-103Article in journal (Refereed) Published
Sustainable development
Not refering to any SDG
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 Michel de Certeau’s practice theory, this study contributes to theorizing 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, 2021. Vol. 58, no 1, p. 63-103
Keywords [en]
corporate entrepreneurship, emerging economy, entrepreneurship as practice, external venturing, family business, next generation, ownership, practice, Mexico
National Category
Economics and Business
Research subject
Economy, Ledarskap, entreprenörskap och organisation
Identifiers
URN: urn:nbn:se:lnu:diva-93715DOI: 10.1111/joms.12566ISI: 000526602400001Scopus ID: 2-s2.0-85083524593Local ID: 2020OAI: oai:DiVA.org:lnu-93715DiVA, id: diva2:1426433
Available from: 2020-04-26 Created: 2020-04-26 Last updated: 2022-05-24Bibliographically approved

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Lundberg, Hans

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