Getting family firm diversification right: A configurational perspective on product and international diversification strategies

Hafner, Cornelius; Pidun, Ulrich

doi:10.1016/j.jfbs.2021.100456

Cited by 9 publications

(6 citation statements)

References 127 publications

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“…For example, family business scholars could use temporal QCA to understand patterns of successful or nonsuccessful succession, or they might undertake an examination of how the strategic choices and performance of family firms change over time, building on research regarding generational stages of the firm (e.g. Hafner and Pidun, 2022). Similarly, a special issue in the Journal of International Management is seeking to advance QCA applications in the international context, meaning potential new opportunities for studying family business internationalization and global operations.…”

Section: Discussionmentioning

confidence: 99%

“…To our knowledge, theory elaboration has not been widely applied alongside QCA in family business research. In one article, the researchers unpack how performance vulnerability, generational stage and management professionalization combine to determine the success of family firms' diversification strategies (Hafner and Pidun, 2022). They engage in configurational theorizing to understand the results of QCA but do not elaborate upon theory, strictly speaking.…”

Section: Running Fuzzy-set Qualitative Comparative Analysismentioning

confidence: 99%

“…Yet, although QCA has been applied in family business research (e.g. Hafner and Pidun, 2022; Mallon et al ., 2018), its uptake has been slow and fragmented despite descriptions of its usefulness and calls for its wider application in this field (Steeger and Hoffmann, 2016; Rovelli et al ., 2021).…”

Section: Introductionmentioning

confidence: 99%

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Breaking new ground in family business research with neoconfigurational theorizing and analysis

Mallon

Fainshmidt

2023

JFBM

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PurposeBecause family businesses are highly complex enterprises, researchers need appropriate theoretical and methodological tools to study them. The neoconfigurational perspective and its accompanying method, qualitative comparative analysis, are particularly well suited to phenomena characterized by complex causality, but their uptake in family business research has been slow and fragmented. To remedy this, the authors highlight their unique ability to address research questions for which other approaches are not well suited and discuss how they might be applied to family business phenomena.Design/methodology/approachThe authors introduce the core tenets of the neoconfigurational perspective and how its set-theoretic epistemology differs from traditional approaches to theorizing and analysis. The authors then use a dataset of family firms to present a primer on conducting qualitative comparative analysis and interpreting the results.FindingsThe authors find that family firm resources can be combined in multiple ways to affect business survival, suggesting that resources are substitutable and complementary. The authors discuss how the unique features of the neoconfigurational approach, namely equifinality, conjunctural causation and causal asymmetry, can be fruitfully applied to break new ground in scholarly understanding of family businesses.Originality/valueThis article allows family business researchers to apply the neoconfigurational approach without first having to consult multiple and disparate sources often written for other disciplines. This article explicates how to leverage the theoretical and empirical advantages of the neoconfigurational approach in the context of family businesses, supporting a more widespread adoption of the neoconfigurational perspective in family business research.

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Section: Discussionmentioning

confidence: 99%

Section: Running Fuzzy-set Qualitative Comparative Analysismentioning

confidence: 99%

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Breaking new ground in family business research with neoconfigurational theorizing and analysis

Mallon

Fainshmidt

2023

JFBM

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“…As the number of conditions examined increases, so does the difficulty of interpreting the results ( Greckhamer, 2013 ; Hafner & Pidun, 2022 ). To reduce the redundancy of conditions, five ensemble machine learning regression models are used to extract core conditions influencing REI: Adaptive Boosting regression model (AdaBoost), Gradient Boosting Decision Tree regression model (GBDT), Extreme Gradient Boosting regression model (XGBoost), Light Gradient Boosting Machine regression model (LGBM) and Random Forest regression model (RF).…”

Section: Experimental Setup and Methodologymentioning

confidence: 99%

Configurational patterns for COVID-19 related social media rumor refutation effectiveness enhancement based on machine learning and fsQCA

Zhao

Duan

et al. 2023

Information Processing & Management

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“…In particular, diversification is seen as a strategy to expand business lines and ensure the economic performance of the enterprise (Aaker, 2007;Ansoff, 1957;Gort, 1962;Kotler, 1991;Porter, 2008;Thompson & Strickland, 1996;Bowman, 2003;Katkalo, 2004;Kunz, 1994;Nalyvaiko, 2001;Rumelt, 1974;Dobroszek & Kalinowska, 2014;Kwon et al, 2021). The second aspect is formed by the views on diversification as a financial instrument to reduce business risks (Rumelt, 1982;Markowitz, 1959;Korinko, 2003;Vitlinskyi & Velykoivanenko, 2004;Hafner & Pidun, 2021). It should also be noted that the issue of diversification is revealed in the context of international resource sharing (geographic diversification), development of industries and sectors of the economy, strategic and economic management.…”

Section: Introductionmentioning

confidence: 99%

Formation of Diversifying Substrategies for the Enterprise Business Activities

Hrabovenko¹,

Hrebeshkova²,

Kyzenko³

2022

ZNPCZ

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The article presents the author's view on the methodological support for the formation of substrategies for diversifying the behavior of an enterprise with the ability to track (evaluate) the results achieved and develop scenarios for the future. The methodological bases for identifying the level of diversification of an enterprise's activities are formulated on the basis of a three-dimensional indicator that allows taking into account the triune nature of diversification as a diversity of the enterprise's resource portfolio ("inputs" into the enterprise system), formalization of its activities ("processor" of the system), and achieved (expected) results ("outputs") from the system). On the example of a group of Ukrainian enterprises of firefighting services, a developed system of economic metrics for diversifying their activities is presented, which is based on two concepts -a balanced scorecard (BSC) and economic management using the method of interval values. Based on the proposed idea of three-dimensionality of diversification by applying the methodology of morphological analysis, substrategies of diversification of the enterprise's activities are modeled and the results of practical testing of the development of a diversification strategy for the group of enterprises selected for study are presented.

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Getting family firm diversification right: A configurational perspective on product and international diversification strategies

Cited by 9 publications

References 127 publications

Breaking new ground in family business research with neoconfigurational theorizing and analysis

Breaking new ground in family business research with neoconfigurational theorizing and analysis

Configurational patterns for COVID-19 related social media rumor refutation effectiveness enhancement based on machine learning and fsQCA

Formation of Diversifying Substrategies for the Enterprise Business Activities

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