Entrepreneurship in Family Business: Cases from China (International Studies in Entrepreneurship Book 30)

This book presents an excellent analysis of how a family business is different from other forms of organization and especially its peculiarities in relation to entrepreneurship. Focusing on small and medium-sized second-generation Chinese family businesses this book provides an in-depth analysis on the relationship between the firms’ family attributes – or “familiness” as conceptualized in this book – and entrepreneurial processes, which leads to different outcomes. Eight cases from China are presented in this book and a dual-level approach is proposed for research on entrepreneurship in family businesses, emphasising both firm processes and the role of individual owner-managers. Readers will also find several useful policy and practice-oriented perspectives in this book. This book presents an excellent analysis of how a family business is different from other forms of organization and especially its peculiarities in relation to entrepreneurship. Focusing on small and medium-sized second-generation Chinese family businesses this book provides an in-depth analysis on the relationship between the firms' family attributes -- or {esc}(3z{esc}(Bfamiliness{esc}(3y{esc}(B as conceptualized in this book -- and entrepreneurial processes, which leads to different outcomes. Eight cases from China are presented in this book and a dual-level approach is proposed for research on entrepreneurship in family businesses, emphasizing both firm processes and the role of individual owner-managers. Readers will also find several useful policy and practice-oriented perspectives in this book 5.4 ... The FO--MO ContinuumReferences; 6 Opportunity and Innovation; 6.1 ... Opportunity Creation and Exploitation; 6.1.1 Attitudinal and Behavioural Differences; 6.1.2 Initial Motivation/Intention; 6.1.3 Source of Initial Idea; 6.1.4 Use of Existing Resources; 6.1.5 Relevance of Opportunity to Existing Business; 6.1.6 Relevance of Outcome to Existing Business; 6.2 ... Innovation as an Outcome; 6.2.1 Types of Innovation; 6.2.2 Continuous, Dynamically Continuous, and Discontinuous Innovations; 6.3 ... Chapter Summary; References; 7 Ability and Motivation; 7.1 ... ''Familiness''-Effectiveness and Ineffectiveness 2.4 ... Research Framework and Chapter SummaryReferences; 3 Methods and Methodology; 3.1 ... Nature of this Research; 3.2 ... Fieldwork; 3.2.1 Sampling and Accessibility; 3.2.2 Case Interviews; 3.2.3 Researcher's Observations and Document Inspections; 3.3 ... Data Analysis; 3.3.1 An Interpretative Approach; 3.3.2 Numerical Measurements Assisting Comparisons, Contrasts, and Patterns; 3.4 ... Chapter Summary; References; 4 Research Settings; 4.1 ... The Focus Region; 4.2 ... An Overview of Jiangsu; 4.2.1 Industrialisation and Private Entrepreneurship History; 4.2.2 Post-reform Prosperity of Private Economy 4.3 ... Changzhou, Wuxi, and Yancheng4.4 ... The Eight Family Businesses; 4.5 ... Chapter Summary; References; 5 Family Orientation, Market Orientation; 5.1 ... Business Objectives; 5.1.1 Family Wealth; 5.1.2 Family Values; 5.1.3 Family Employment; 5.1.4 Family Reputation and Social Status; 5.1.5 Continuation and Succession; 5.2 ... Resources; 5.2.1 Finance; 5.2.2 Trust; 5.2.3 Guanxi Networks; 5.2.4 Knowledge and Expertise; 5.2.5 Organisational Culture; 5.3 ... Decision-Making; 5.3.1 ''Second Person''; 5.3.2 Participation in Decision-Making; 5.3.3 Consultation; 5.3.4 Implementation; 5.3.5 Decision Review Foreword; Acknowledgments; Contents; 1 Introduction; 1.1 ... Background to this Research; 1.1.1 The Family Business Definition Dilemma; 1.1.2 The Entrepreneurship Approaches; 1.1.3 Connection Between the Two Fields; 1.2 ... China as a Living Laboratory; 1.3 ... Research Question; References; 2 Conceptualisation; 2.1 ... The Notion of ''Familiness''; 2.2 ... Entrepreneurial Processes; 2.3 ... Conceptual Operationalisation; 2.3.1 The Three-Dimensional Notion of ''Familiness''; 2.3.2 Family Orientation Versus Market Orientation; 2.3.3 Entrepreneurial Processes: Opportunity and Innovation 7.1.1 ''Familiness'' Influences7.1.2 Questions to Be Tackled; 7.2 ... An Individual-Level Discussion; 7.2.1 Prior Experiences and Successor Training; 7.2.2 Intergenerational Relationship and Founder's Involvement; 7.3 ... Chapter Summary; References; 8 Discussion and Conclusion; 8.1 ... Review and Discussion; 8.1.1 The Notion of ''Familiness''; 8.1.2 Family Orientation, Market Orientation, and Entrepreneurship; 8.1.3 The Individual-Level Insights; 8.2 ... Contributions and Limitations; 8.2.1 Conceptual and Theoretical Contributions; 8.2.2 Managerial and Practical Implications Front Matter....Pages i-xv Introduction....Pages 1-17 Conceptualisation....Pages 19-38 Methods and Methodology....Pages 39-55 Research Settings....Pages 57-73 Family Orientation, Market Orientation....Pages 75-103 Opportunity and Innovation....Pages 105-121 Ability and Motivation....Pages 123-141 Discussion and Conclusion....Pages 143-167 Back Matter....Pages 169-173 Focusing on small and medium-sized second-generation Chinese family businesses, this book presents an analysis of how a family business is different from other forms of organisation, especially in its peculiarities in relation to entrepreneurship