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.

The family business and creation of value in the portfolio: a resource-based view

GARRAFFO, Francesco;
2012-01-01

Abstract

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.
2012
978-88-548-5221-1
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11769/79183
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