This article explores the creation of value through which a family business develops its portfolio. The entrepreneurial environment in which it operates includes resources and relationships that can be re- invested and exploited to create value, developing further opportuni- ties and giving family-based entrepreneurs an incentive to multiply or diversify their activities. Resources can be transferred among family businesses and across different generations; they can also be shared among firms belonging to the same family. Following the resource-based view, we investigate the transfer and sharing of resources between the original firm and subsequent ones creating value for the portfolio. Our findings suggest that the portfolio process in a family business evolves through the exploitation of pre-existent and experimented re- sources, with the tendency to remain initially in the same industry, lat- er extending into a different one.
|Titolo:||The family business and creation of value in the portfolio: a resource-based view|
|Data di pubblicazione:||2012|
|Appare nelle tipologie:||2.1 Contributo in volume (Capitolo o Saggio)|