Clarifying the strategic advantage of familiness: Unbundling its dimensions and highlighting its paradoxes

Wayne J. Irava, Ken Moores

Research output: Contribution to journalArticleResearchpeer-review

43 Citations (Scopus)
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Abstract

Using a resource-based theoretical lens we clarify familiness by identifying the dimensions of this unique family business resource in multigenerational family firms. Using data from four in-depth case studies, we provide evidence that familiness is comprised of human resources (reputation and experience), organisational resources (decision-making and learning), and process resources (relationships and networks). Furthermore, we demonstrate how these resource dimensions are paradoxical in nature in that each influences the family firm in both positive and negative ways. These dimensions and their nature (positive/negative) thus not only help clarify a firm's familiness but also move the construct from a conceptual notion into a more operationalised form.

Original languageEnglish
Pages (from-to)131-144
Number of pages14
JournalJournal of Family Business Strategy
Volume1
Issue number3
DOIs
Publication statusPublished - Sep 2010

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Strategic advantage
Resources
Familiness
Paradox
Unbundling
Family firms
Decision making
Human resources
Family business
Organizational resources
Resource-based

Cite this

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Clarifying the strategic advantage of familiness : Unbundling its dimensions and highlighting its paradoxes. / Irava, Wayne J.; Moores, Ken.

In: Journal of Family Business Strategy, Vol. 1, No. 3, 09.2010, p. 131-144.

Research output: Contribution to journalArticleResearchpeer-review

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