Multidimensional Aspect of Corporate Entrepreneurship in Family Business and SMEs: A Systematic Literature Review

Abstract

This study aimed to review and analyze corporate entrepreneurship (CE) within family businesses and small and medium enterprises (SMEs), providing a review of the current state of research and suggesting a future research agenda. In a systematic literature review, 1040 articles indexed in Scopus were initially subjected to bibliometric and qualitative analysis. Finally, 53 papers published in various academic journals, focusing on corporate entrepreneurship, family businesses, and SMEs, were subjected to bibliometric analysis and qualitative research to identify the new potential state of the art in corporate entrepreneurship. CE in family businesses and SMEs is not a general research trend in the entrepreneurial area. This research shows that the literature on CE models and tools in family businesses and SMEs is still sparse. The review results correlate the actors of CE, behavior, and activities, including entrepreneurial orientation, entrepreneurial management, and entrepreneurial leadership and performance, as outcomes in family business and SMEs.

Effects of Corporate Entrepreneurship Dimensions on Organizational Performance: Case of Small and Medium Enterprises in Holeta Town, Ethiopia

“…Among other things, innovativeness, proactiveness, and risk taking are significant components of firms' performance, which all employees of an organization need to be aware of. The findings of this particular study are supported by several previous research works in the field [1,2,98,99]. Finally, business owners and managers have to create a conducive environment for key stakeholders their business, mainly employees, to make the concept of corporate entrepreneurship their organizational culture.…”

“…Corporate entrepreneurship (CE) is often considered as the concept of supporting workers to think and behave like entrepreneurs inside an existing organizational structure. Corporate entrepreneurship is the creation of new businesses within an existing organization through innovation or transforming the business by renewing the company's strategy to increase business profits to overcome competition in the market [1][2][3][4]. According to Parker [5], corporate entrepreneurship is developing new ventures or taking advantage of novel prospects in external situations to create economic value.…”

Daya Tahan Usaha Mikro Kecil dan Menengah (UMKM) Sektor Perikanan Kabupaten Takalar Pada Era Ketidakpastian

“…Kewirausahaan perusahaan memiliki dampak positif pada ukuran keuangan dan kinerja perusahaan serta penerapannya efektif untuk menghadapi lingkungan bisnis yang bergejolak (Zahrah & Covin ,1995). Namun, penelitian tentang kewirausahaan perusahaan dalam usaha keluarga dan UMKM jarang ditemukan di negara berkembang sehingga direkomendasikan untuk diteliti karena populasi bisnis keluarga dan UMKM sangat besar dan memberikan kontribusi signifikan pada perekonomian (Wahyudi, 2021). Kewirausahaan perusahaan terdiri atas tiga komponen utama, yaitu strategi, struktur, dan proses (Dess, Lumpkin, & McGee, 1999).…”

The Influence of Family Governance on the Value of Chinese Family Businesses: Signal Transmission Effect of Financial Performance

“…Family business can be divided into three elements, ownership, control, and management, which can have positive or negative consequences for the company (Wahyudi et al 2021). The family business governance model refers to the integration of ownership and control.…”