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Entrepreneurial opportunity identification and new firm development processes: a comparison of family and non-family new ventures

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  • James Hayton
  • Gaylen N. Chandler
  • Dawn R. DeTienne

Abstract

This research examines differences between family and non-family firms with respect to new venture creation processes. We invoke a social embeddedness explanation of differences between family and non-family firms with respect to opportunity identification processes and outcomes and new venture development processes. In a sample of 183 family and non-family firms, we find that family firms are less likely to report an opportunity identification process that is sudden, spontaneous and creative. The new opportunities thus identified are less innovative than those identified by non-family firms. Finally, family firms are somewhat more likely to follow effectuation processes and significantly less likely to follow causation processes during new venture creation. Implications for research and practice are discussed.

Suggested Citation

  • James Hayton & Gaylen N. Chandler & Dawn R. DeTienne, 2011. "Entrepreneurial opportunity identification and new firm development processes: a comparison of family and non-family new ventures," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 13(1), pages 12-31.
    • Handle: RePEc:ids:ijeima:v:13:y:2011:i:1:p:12-31
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    Citations

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    Cited by:

    1. Montserrat Manzaneque & Alfonso A. Rojo-Ramírez & Julio Diéguez-Soto & Maria J. Martínez-Romero, 2020. "How negative aspiration performance gaps affect innovation efficiency," Small Business Economics, Springer, vol. 54(1), pages 209-233, January.
    2. Kurosh Rezaei-Moghaddam & Hoda Izadi, 2019. "Entrepreneurship in small agricultural quick-impact enterprises in Iran: development of an index, effective factors and obstacles," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-21, December.
    3. Chen, Jiawen & Liu, Linlin, 2023. "Social media usage and entrepreneurial investment: An information-based view," Journal of Business Research, Elsevier, vol. 155(PB).
    4. Pramodita Sharma & Carlo Salvato, 2011. "Commentary: Exploiting and Exploring New Opportunities over Life Cycle Stages of Family Firms," Entrepreneurship Theory and Practice, , vol. 35(6), pages 1199-1205, November.
    5. Nicolae Al. Pop & Silvia Fotea & Silvia Dusa & Alexandru Palade, 2016. "Entrepreneurial Approach on Relationship Marketing in Family Owned Business," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 2(1), pages 122-135, July.
    6. Nerine Mary George & Vinit Parida & Tom Lahti & Joakim Wincent, 2016. "A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 309-350, June.
    7. Jean-Marie Nkongolo-Bakenda & Elie Chrysostome, 2013. "Engaging diasporas as international entrepreneurs in developing countries: In search of determinants," Journal of International Entrepreneurship, Springer, vol. 11(1), pages 30-64, March.
    8. Mohammad Rashed Hasan Polas & Valliappan Raju, 2021. "Technology and Entrepreneurial Marketing Decisions During COVID-19," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 95-112, June.
    9. Qiao Wei & Jin-hui Luo & Xueli Huang, 2020. "Influence of Social Identity on Family Firms’ FDI Decisions: The Moderating Role of Internal Capital Markets," Management International Review, Springer, vol. 60(5), pages 651-693, October.
    10. Francesca Ricciardi & Elisa Giacosa & Francesca Culasso, 2021. "Stepchildren or prodigal employees? Motives and consequences of employee entrepreneurship in family business," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 229-247, March.
    11. Alexander McKelvie & Gaylen N. Chandler & Dawn R. DeTienne & Anette Johansson, 2020. "The measurement of effectuation: highlighting research tensions and opportunities for the future," Small Business Economics, Springer, vol. 54(3), pages 689-720, March.
    12. Dorothy M. Kirkman & Shalei V. K. Simms & Dt Ogilvie, 2016. "An Examination Of Cluster And Non-Cluster Firms’ Knowledge-Based Activities," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(08), pages 1-17, December.
    13. Zaefarian, Reza & Eng, Teck-Yong & Tasavori, Misagh, 2016. "An exploratory study of international opportunity identification among family firms," International Business Review, Elsevier, vol. 25(1), pages 333-345.

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