Competitive advantage in long-lived family firms

Implications of market characteristics and strategically relevant knowledge

Britta Boyd, Susanne Royer, Toshio Goto

Publikation: Bidrag til bog/antologi/rapport/konference-proceedingBidrag til bog/antologiForskningpeer review

Resumé

Literature concerning intra-family succession vs. non-family succession is still limited. As a result, we know relatively little about the impact of an internal succession on keeping strategically relevant knowledge inside the business. Consequently, this paper’s primary research interest is the interplay between market context and strategically relevant knowledge resources in long-lived family firms. Based on the market-based view and resource theory, we suggest that in some market environments, family-business specific experiential knowledge forms a basis for competitive advantage and that such knowledge can be transferred to internal successors easier than to external successors. Several propositions are developed and discussed in relation to six case studies of long-lived family businesses from different market contexts. As a result, we put forward four revised propositions for future research to investigate.
OriginalsprogEngelsk
TitelThe Palgrave Handbook of Heterogeneity among Family Firms
RedaktørerEsra Memili, Clay Dibrell
Antal sider39
Udgivelses stedCham, Switzerland
ForlagPalgrave Macmillan
Publikationsdato2019
Sider961-1000
Artikelnummer35
KapitelPart V Strategies
ISBN (Trykt)978-3-319-77675-0
ISBN (Elektronisk)978-3-319-77676-7
DOI
StatusUdgivet - 2019

Fingeraftryk

Market characteristics
Family firms
Competitive advantage
Family business
Market environment
Resources
Experiential knowledge
Knowledge resources

Citer dette

Boyd, B., Royer, S., & Goto, T. (2019). Competitive advantage in long-lived family firms: Implications of market characteristics and strategically relevant knowledge . I E. Memili, & C. Dibrell (red.), The Palgrave Handbook of Heterogeneity among Family Firms (s. 961-1000). [35] Cham, Switzerland: Palgrave Macmillan. https://doi.org/10.1007/978-3-319-77676-7
Boyd, Britta ; Royer, Susanne ; Goto, Toshio. / Competitive advantage in long-lived family firms : Implications of market characteristics and strategically relevant knowledge . The Palgrave Handbook of Heterogeneity among Family Firms. red. / Esra Memili ; Clay Dibrell. Cham, Switzerland : Palgrave Macmillan, 2019. s. 961-1000
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Boyd, B, Royer, S & Goto, T 2019, Competitive advantage in long-lived family firms: Implications of market characteristics and strategically relevant knowledge . i E Memili & C Dibrell (red), The Palgrave Handbook of Heterogeneity among Family Firms., 35, Palgrave Macmillan, Cham, Switzerland, s. 961-1000. https://doi.org/10.1007/978-3-319-77676-7

Competitive advantage in long-lived family firms : Implications of market characteristics and strategically relevant knowledge . / Boyd, Britta; Royer, Susanne; Goto, Toshio.

The Palgrave Handbook of Heterogeneity among Family Firms. red. / Esra Memili; Clay Dibrell. Cham, Switzerland : Palgrave Macmillan, 2019. s. 961-1000 35.

Publikation: Bidrag til bog/antologi/rapport/konference-proceedingBidrag til bog/antologiForskningpeer review

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Boyd B, Royer S, Goto T. Competitive advantage in long-lived family firms: Implications of market characteristics and strategically relevant knowledge . I Memili E, Dibrell C, red., The Palgrave Handbook of Heterogeneity among Family Firms. Cham, Switzerland: Palgrave Macmillan. 2019. s. 961-1000. 35 https://doi.org/10.1007/978-3-319-77676-7