Entrepreneurial orientation in long-lived family firms |
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Authors: | Thomas Zellweger Philipp Sieger |
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Institution: | (1) Center for Family Business, University of St. Gallen, Dufourstrasse 40a, 9000 St. Gallen, Switzerland |
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Abstract: | We apply a key construct from the entrepreneurship field, entrepreneurial orientation (EO), in the context of long-lived family
firms. Our qualitative in-depth case studies show that a permanently high level of the five EO dimensions is not a necessary
condition for long-term success, as traditional entrepreneurship and EO literature implicitly suggest. Rather, we claim that
the level of EO is dynamically adapted over time and that the original EO scales (autonomy, innovativeness, risk taking, proactiveness, and competitive aggressiveness) do not sufficiently capture the full extent of entrepreneurial behaviors in long-lived family firms. Based on these considerations
we suggest extending the existing EO scales to provide a more fine-grained depiction of firm-level corporate entrepreneurship
in long-lived family firms. |
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