Sustainability in family business settings: a strategic entrepreneurship perspective

Jamil, Mahwish; Stephens, Simon; Md Fadzil, Ahmad Firdause

doi:10.1108/jfbm-01-2024-0001

Cited by 6 publications

(2 citation statements)

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“…Entrepreneurial activities help discover new challenges and possibilities and strategic management ensures exceptional efficiencies. This combination helps maintain and enhance firms while also adding value to their sustainability [32]. The main objective of SE is to develop a competitive edge [33].…”

Section: Review Of the Literaturementioning

confidence: 99%

Analysing the Barriers of Strategic Entrepreneurship: A DEMATEL Approach

Khan,

Fatma,

Ali

et al. 2024

Sustainability

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Entrepreneurship research has developed in the last twenty years and now the focus is on Strategic Entrepreneurship (SE). SE can provide the sustainable growth of an organisation and increase its competitiveness globally. Despite these advantages, developing countries cannot reap the benefits of SE due to various barriers. Therefore, this study aims to identify and model the barriers of SE to the development of organisational management. Initially, the barriers of SE are identified through a literature review and further validated with a domain expert. The causal relationship among the barriers is modelled using the decision-making trial and evaluation laboratory (DEMATEL) method. The result suggests that low awareness of SE, risk aversion, and low financial support are the major barriers in the development of SE that need to be mitigated. Further, this analysis also categorises these barriers into a cause-and-effect group. Six barriers belong to the cause group and the remaining four are part of the effect group. Knowledge of the barriers is helpful for policymakers to design development strategies and helps business development managers in the successive planning of the organisation. The understanding of the interrelationship among the barriers will help the organisation to remove these barriers in an optimal manner. The findings of the study will be helpful for top management and strategic planners to advance design thinking and strategic planning. The contribution of this research lies in the identification of barriers to SE and their causal relationships, which have been scarcely examined in the existing literature.

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Section: Review Of the Literaturementioning

confidence: 99%

Analysing the Barriers of Strategic Entrepreneurship: A DEMATEL Approach

Khan,

Fatma,

Ali

et al. 2024

Sustainability

View full text Add to dashboard Cite

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“…The development of family enterprises, therefore, necessitates the consideration of strategic aspects (Jamil, Stephens, and Md Fadzil, 2024). In the case of family firms, an additional challenge lies in the fact that strategies should encompass shared values and visions for both the company and the family (Duczkowska-Piasecka, 2012).…”

Section: Justification For the Establishment Of Family Firm Clusters ...mentioning

confidence: 99%

The Possibilities of Cooperation among Family Firms within a Cluster Environment

Staszewska,

Smolarek,

Foltys

et al. 2024

ERSJ

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Purpose:The aim of the article is to analyze the potential for effective implementation of clusters in the context of family businesses operating in the Polish market. Design/Methodology/Approach: The article seeks to address the question of whether and what are the possibilities of implementing clusters in the operations of Polish family firms. It investigates the factors contributing to the success or failure of cluster initiatives among family businesses. The hypothesis posited is that family firms in the Polish market operate in isolation, and exhibit limited willingness to collaborate, yet despite these constraints, they are capable of engaging in clusters as a solution to some of their market challenges. The research methodology comprised Computer-Assisted Telephone Interviews (CATI) and In-Depth Interviews (IDI) conducted in 2023 on a representative sample of 448 family firms. Findings: The article presents the results of research on family firms in Poland, focusing on their market situation, analysis of constraints, and opportunities for utilizing networks in the development of these enterprises. According to the research findings, the majority of family firms are not familiar with the cluster concept, but some have experience in operating within networks. Family firms demonstrate a weak willingness to collaborate with other entities, as they highly value their autonomy and independence. They are generally not interested in influencing regional strategy, workforce transfer, or collaboration with academic and research centers. Factors essential to the essence of clusters are rejected by these firms. Family firms attribute the failures of clusters to a lack of conviction in the cluster concept itself, top-down cluster stimulation, clusters emerging as a response to trends, lack of appropriate personnel, and a lack of communal action habits typical for clusters. Family firms recognize that access to markets, innovative technologies, and entrepreneurialism are the primary drivers of cluster success. However, the research results indicate that increased awareness of clustering stimulates actions that contribute to cluster success. Therefore, despite the family firms' distant approach to clusters, it is acknowledged that these firms

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