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Owner-managers' motivation and the growth of family-owned small and medium-sized enterprises

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  • Asta Wahlgrén
  • Aila Virtanen

Abstract

This paper explores the motivation of owner-managers, the growth of their small and medium-sized family businesses, and how the two phenomena are related. Using qualitative data and building on the perceptions of four Finnish owner-managers revealed three types of motivation - economic, psychological and social. The growth paths of the family businesses studied were unique, and the study illustrates the impact of the various stakeholders on the motivation of the owner-managers and the growth of the businesses. It is suggested that further research focusing on the motivation of owner-managers would prove valuable in explaining and promoting growth in small and medium-sized family businesses.

Suggested Citation

  • Asta Wahlgrén & Aila Virtanen, 2015. "Owner-managers' motivation and the growth of family-owned small and medium-sized enterprises," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 26(3), pages 293-311.
    • Handle: RePEc:ids:ijesbu:v:26:y:2015:i:3:p:293-311
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    Cited by:

    1. Ghazal Zalkat & Henrik Barth & Lubna Rashid, 2024. "Refugee entrepreneurship motivations in Sweden and Germany: a comparative case study," Small Business Economics, Springer, vol. 63(1), pages 477-499, June.
    2. Ines Gabarret & Benjamin Vedel & Julien Decaillon, 2017. "A Social Affair: Identifying Motivation Of Social Entrepreneurs," Post-Print hal-01898921, HAL.

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