Family businesses are among the longest-lived most prevalent institutions in the world and they a... more Family businesses are among the longest-lived most prevalent institutions in the world and they are an important source of economic development and growth. Ownership is a key to the business life of the firm and also one main key in family business definition. There is only a little portfolio entrepreneurship or portfolio business research within family business context. The absence of empirical evidence on the long-term relationship between family ownership and portfolio development presents an important gap in the family business literature. This study deals with the family business ownership changes and the development of portfolios in the family business and it is positioned in to the conversation of family business, growth, ownership, management and strategy. This study contributes and expands the existing body of theory on family business and ownership. From the theoretical point of view this study combines insights from the fields of portfolio entrepreneurship, ownership, and family business and integrate them. This cross-fertilization produces interesting empirical and theoretical findings that can constitute a basis for solid contributions to the understanding of ownership dynamics and portfolio entrepreneurship in family firms. The research strategy chosen for this study represents longitudinal, qualitative, hermeneutic, and deductive approaches. The empirical part of study is using a case study approach with embedded design, that is, multiple levels of analysis within a single study. The study consists of two cases and it begins with a pilot case which will form a pre-understanding on the phenomenon. Pilot case develops the methodology approach to build in the main case and the main case will deepen the understanding of the phenomenon. This study develops and tests a research method of family business portfolio development focusing on investigating how ownership changes are influencing to the family business structures over time. This study reveals the linkages between dimensions of ownership and how they give rise to portfolio business development within the context of the family business. The empirical results of the study suggest that family business ownership is dynamic and owners are using ownership as a tool for creating business portfolios.
This chapter focuses on the methodological issues of researching family business groups and portf... more This chapter focuses on the methodological issues of researching family business groups and portfolios. It identifies and discusses five areas which pose special methodological challenges for family business researchers. The field is still developing relevant research questions, and until these are clarified further, the field lacks an agreed theoretical framework or agenda with which to guide empirical research. This development of questions requires a period of inductive empirical studies to identify and highlight which research questions are most relevant before grounded theorizing can progress. Empirical research, however, is handicapped by definitional difficulties and the absence of large-scale secondary databases which would enable business groups and family firms to be identified for statistical comparison. Furthermore, family business groups can span more than one generation, necessitating longitudinal approaches which rely principally on the imperfect historical recollecti...
In this chapter, we sum up the lessons learned about family business groups. The chapter highligh... more In this chapter, we sum up the lessons learned about family business groups. The chapter highlights some of the contributions of the separate chapters in the book and shows that many of the chapters in fact open up new perspectives into studying family business groups, thus providing possibilities for further studies. We suggest that while this book has covered a wide range of the entrepreneurial, managerial and contextual issues related to the emergence and prevalence of family business groups, research on family business groups is still in its infancy. We conclude with a set of ideas for further research on the topic.
Teollisuuden rakennemuutoksen myota pk-yrityskanta on Etela-Karjalan alueen elinvoimaisuudelle ta... more Teollisuuden rakennemuutoksen myota pk-yrityskanta on Etela-Karjalan alueen elinvoimaisuudelle tarkeampi kuin koskaan. Kehittyakseen pienista keskikokoisiksi yritykset tarvitsevat lisaa osaamista paitsi johtoon myos hallituksiinsa. Tahan selvitykseen on koottu Pk-yritysten hallitustoiminta Etela-Karjalassa -hankkeen tuloksia. Hanketta rahoittivat Euroopan sosiaalirahasto ja Hameen ELY-keskus ja se toteutettiin Lappeenrannan teknillisen yliopiston toimesta vuosien 2014-2015 aikana. Hankkeen keskeisena tavoitteena oli vahvistaa Etela-Karjalassa sijaitsevien pk-kokoluokan yritysten hallitustyota ja hallitusten hyodyntamismahdollisuuksia seka lisata pk-yrityksissa toimivien hallitusjasenten osaamista pk-yritysten hallitusjasenilta vaadittavista taidoista ja osaamisalueista. Hankkeen toisena tavoitteena oli selvittaa Suomessa toimivien venalaisomisteisten yritysten hallitustoiminnan erityispiirteita. Hankkeen aikana toteutettiin koulutuksia ja tyopajatoimintaa seka laadittiin kaksi julka...
This chapter highlights the phenomenon of family business groups as a research target and present... more This chapter highlights the phenomenon of family business groups as a research target and presents the vision for the book. The role of family business groups in different economies is a main reason for the need to understand the emergence and development of family business groups. Partly due to the invisibility of the family business group—the current business group—the entrepreneurship and family business literature have largely neglected the topic. So this chapter raises a set of questions as targets for research on the family business group. The remainder of the chapter covers all of the book’s chapters and their perspectives on the phenomenon of the family business group.
Family businesses are among the longest-lived most prevalent institutions in the world and they a... more Family businesses are among the longest-lived most prevalent institutions in the world and they are an important source of economic development and growth. Ownership is a key to the business life of the firm and also one main key in family business definition. There is only a little portfolio entrepreneurship or portfolio business research within family business context. The absence of empirical evidence on the long-term relationship between family ownership and portfolio development presents an important gap in the family business literature. This study deals with the family business ownership changes and the development of portfolios in the family business and it is positioned in to the conversation of family business, growth, ownership, management and strategy. This study contributes and expands the existing body of theory on family business and ownership. From the theoretical point of view this study combines insights from the fields of portfolio entrepreneurship, ownership, and family business and integrate them. This cross-fertilization produces interesting empirical and theoretical findings that can constitute a basis for solid contributions to the understanding of ownership dynamics and portfolio entrepreneurship in family firms. The research strategy chosen for this study represents longitudinal, qualitative, hermeneutic, and deductive approaches. The empirical part of study is using a case study approach with embedded design, that is, multiple levels of analysis within a single study. The study consists of two cases and it begins with a pilot case which will form a pre-understanding on the phenomenon. Pilot case develops the methodology approach to build in the main case and the main case will deepen the understanding of the phenomenon. This study develops and tests a research method of family business portfolio development focusing on investigating how ownership changes are influencing to the family business structures over time. This study reveals the linkages between dimensions of ownership and how they give rise to portfolio business development within the context of the family business. The empirical results of the study suggest that family business ownership is dynamic and owners are using ownership as a tool for creating business portfolios.
This chapter focuses on the methodological issues of researching family business groups and portf... more This chapter focuses on the methodological issues of researching family business groups and portfolios. It identifies and discusses five areas which pose special methodological challenges for family business researchers. The field is still developing relevant research questions, and until these are clarified further, the field lacks an agreed theoretical framework or agenda with which to guide empirical research. This development of questions requires a period of inductive empirical studies to identify and highlight which research questions are most relevant before grounded theorizing can progress. Empirical research, however, is handicapped by definitional difficulties and the absence of large-scale secondary databases which would enable business groups and family firms to be identified for statistical comparison. Furthermore, family business groups can span more than one generation, necessitating longitudinal approaches which rely principally on the imperfect historical recollecti...
In this chapter, we sum up the lessons learned about family business groups. The chapter highligh... more In this chapter, we sum up the lessons learned about family business groups. The chapter highlights some of the contributions of the separate chapters in the book and shows that many of the chapters in fact open up new perspectives into studying family business groups, thus providing possibilities for further studies. We suggest that while this book has covered a wide range of the entrepreneurial, managerial and contextual issues related to the emergence and prevalence of family business groups, research on family business groups is still in its infancy. We conclude with a set of ideas for further research on the topic.
Teollisuuden rakennemuutoksen myota pk-yrityskanta on Etela-Karjalan alueen elinvoimaisuudelle ta... more Teollisuuden rakennemuutoksen myota pk-yrityskanta on Etela-Karjalan alueen elinvoimaisuudelle tarkeampi kuin koskaan. Kehittyakseen pienista keskikokoisiksi yritykset tarvitsevat lisaa osaamista paitsi johtoon myos hallituksiinsa. Tahan selvitykseen on koottu Pk-yritysten hallitustoiminta Etela-Karjalassa -hankkeen tuloksia. Hanketta rahoittivat Euroopan sosiaalirahasto ja Hameen ELY-keskus ja se toteutettiin Lappeenrannan teknillisen yliopiston toimesta vuosien 2014-2015 aikana. Hankkeen keskeisena tavoitteena oli vahvistaa Etela-Karjalassa sijaitsevien pk-kokoluokan yritysten hallitustyota ja hallitusten hyodyntamismahdollisuuksia seka lisata pk-yrityksissa toimivien hallitusjasenten osaamista pk-yritysten hallitusjasenilta vaadittavista taidoista ja osaamisalueista. Hankkeen toisena tavoitteena oli selvittaa Suomessa toimivien venalaisomisteisten yritysten hallitustoiminnan erityispiirteita. Hankkeen aikana toteutettiin koulutuksia ja tyopajatoimintaa seka laadittiin kaksi julka...
This chapter highlights the phenomenon of family business groups as a research target and present... more This chapter highlights the phenomenon of family business groups as a research target and presents the vision for the book. The role of family business groups in different economies is a main reason for the need to understand the emergence and development of family business groups. Partly due to the invisibility of the family business group—the current business group—the entrepreneurship and family business literature have largely neglected the topic. So this chapter raises a set of questions as targets for research on the family business group. The remainder of the chapter covers all of the book’s chapters and their perspectives on the phenomenon of the family business group.
Family businesses are among the longest-lived most prevalent institutions in the world and they a... more Family businesses are among the longest-lived most prevalent institutions in the world and they are an important source of economic development and growth. Ownership is a key to the business life of the firm and also one main key in family business definition. There is only
a little portfolio entrepreneurship or portfolio business research within family business context. The absence of empirical evidence on the long-term relationship between family ownership and portfolio development presents an important gap in the family business literature. This study deals with the family business ownership changes and the development of portfolios in the family business and it is positioned in to the conversation of family business, growth, ownership, management and strategy. This study contributes and expands the existing body of theory on family business and ownership. From the theoretical point of view this study combines insights from the fields of
portfolio entrepreneurship, ownership, and family business and integrate them. This cross-fertilization produces interesting empirical and theoretical findings that can constitute a basis for solid contributions to the understanding of ownership dynamics and portfolio entrepreneurship in family firms. The research strategy chosen for this study represents longitudinal, qualitative,
hermeneutic, and deductive approaches. The empirical part of study is using a case study approach with embedded design, that is, multiple levels of analysis within a single study. The study consists of two cases and it begins with a pilot case which will form a pre-understanding on the phenomenon. Pilot case develops the methodology approach to build in the main case and the main case will deepen the understanding of the phenomenon. This study develops and tests a research method of family business portfolio development focusing on investigating how ownership changes are influencing to the family business structures over time. This study reveals the linkages between dimensions of ownership and how they give rise to portfolio business development within the context of the
family business. The empirical results of the study suggest that family business ownership is dynamic and owners are using ownership as a tool for creating business portfolios.
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a little portfolio entrepreneurship or portfolio business research within family business context. The absence of empirical evidence on the long-term relationship between family ownership and portfolio development presents an important gap in the family business literature. This study deals with the family business ownership changes and the development of portfolios in the family business and it is positioned in to the conversation of family business, growth, ownership, management and strategy. This study contributes and expands the existing body of theory on family business and ownership. From the theoretical point of view this study combines insights from the fields of
portfolio entrepreneurship, ownership, and family business and integrate them. This cross-fertilization produces interesting empirical and theoretical findings that can constitute a basis for solid contributions to the understanding of ownership dynamics and portfolio entrepreneurship in family firms. The research strategy chosen for this study represents longitudinal, qualitative,
hermeneutic, and deductive approaches. The empirical part of study is using a case study approach with embedded design, that is, multiple levels of analysis within a single study. The study consists of two cases and it begins with a pilot case which will form a pre-understanding on the phenomenon. Pilot case develops the methodology approach to build in the main case and the main case will deepen the understanding of the phenomenon. This study develops and tests a research method of family business portfolio development focusing on investigating how ownership changes are influencing to the family business structures over time. This study reveals the linkages between dimensions of ownership and how they give rise to portfolio business development within the context of the
family business. The empirical results of the study suggest that family business ownership is dynamic and owners are using ownership as a tool for creating business portfolios.