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A Framework of Successor Competencies to Promote Corporate Entrepreneurship in Family Firms

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  • Hossein Samei

    (Graduate School of Management and Economics, Sharif University of Technology, Teimori Blvd., Habibolah Ave., Azadi St., Tehran, Iran)

  • Alireza Feyzbakhsh

    (Graduate School of Management and Economics, Sharif University of Technology, Teimori Blvd., Habibolah Ave., Azadi St., Tehran, Iran)

Abstract

Corporate entrepreneurship has been shown to have a positive effect on the long-term growth of family firms. Out of a variety of factors affecting the promotion of corporate entrepreneurship in successive generations of a family firm, the successor as the future leader of the firm plays a critical role. Therefore, identification of competencies enabling a successor to develop corporate entrepreneurship in a family firm can be useful. In this research 17 successor competencies have been identified by studying five Iranian family firms which have been successful in transferring entrepreneurship to successive generations. The paper describes and explains the function of each competency to promote corporate entrepreneurship in a family firm.

Suggested Citation

  • Hossein Samei & Alireza Feyzbakhsh, 2015. "A Framework of Successor Competencies to Promote Corporate Entrepreneurship in Family Firms," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(03), pages 321-355, September.
    • Handle: RePEc:wsi:jecxxx:v:23:y:2015:i:03:n:s0218495815500119
    DOI: 10.1142/S0218495815500119
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    References listed on IDEAS

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    Cited by:

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    2. Vanessa Weimann & Maike Gerken & Marcel Hülsbeck, 2021. "Old flames never die – the role of binding social ties for corporate entrepreneurship in family firms," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1707-1730, December.
    3. Vanessa Weimann & Maike Gerken & Marcel Hülsbeck, 2020. "Business model innovation in family firms: dynamic capabilities and the moderating role of socioemotional wealth," Journal of Business Economics, Springer, vol. 90(3), pages 369-399, April.

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