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Next Generation External Venturing Practices in Family Owned Businesses

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  • Marcela Ramírez‐Pasillas
  • Hans Lundberg
  • Mattias Nordqvist

Abstract

Drawing on an Entrepreneurship as Practice (EaP) approach, this article examines how next generation members in family owned businesses (FOBs) engage in external venturing. Our study builds on longitudinal qualitative research in two Mexican FOBs where the next generation launched ten ventures. It reveals five different practices of external venturing used by next generation family members: ‘obtaining family approval’, ‘bypassing family’, ‘family venture mimicking’, ‘jockeying in family’, and ‘jockeying around family’. The five practices are combined into three routes for external venturing: ‘imitating the family business’, ‘splitting the family business’, and ‘surpassing the family business’. Building on notions from Michel de Certeau’s practice theory, this study contributes to theorizing the five practices as ways of operating and the routes as modes of sensing to better understand how next generation family members deal with settings featured by dominant orders within the family and the FOB in their attempts to originate and launch their new ventures.

Suggested Citation

  • Marcela Ramírez‐Pasillas & Hans Lundberg & Mattias Nordqvist, 2021. "Next Generation External Venturing Practices in Family Owned Businesses," Journal of Management Studies, Wiley Blackwell, vol. 58(1), pages 63-103, January.
    • Handle: RePEc:bla:jomstd:v:58:y:2021:i:1:p:63-103
    DOI: 10.1111/joms.12566
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    Cited by:

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    2. Chen, Shihui & Wu, Bingde & Liao, Zhongju & Chen, Ling, 2022. "Does familial decision control affect the entrepreneurial orientation of family firms? The moderating role of family relationships," Journal of Business Research, Elsevier, vol. 152(C), pages 60-69.
    3. Criaco, Giuseppe & van Oosterhout, J. (Hans) & Nordqvist, Mattias, 2021. "Is blood always thicker than water? Family firm parents, kinship ties, and the survival of spawns," Journal of Business Venturing, Elsevier, vol. 36(6).
    4. Bingbing Ge & Alfredo De Massis & Josip Kotlar, 2022. "Mining the Past: History Scripting Strategies and Competitive Advantage in a Family Business," Entrepreneurship Theory and Practice, , vol. 46(1), pages 223-251, January.
    5. Tommaso Minola & Nadine Kammerlander & Franz W. Kellermanns & Frank Hoy, 2021. "Corporate Entrepreneurship and Family Business: Learning Across Domains," Journal of Management Studies, Wiley Blackwell, vol. 58(1), pages 1-26, January.
    6. Frederik J. Riar & Conrad Wiedeler & Nadine Kammerlander & Franz W. Kellermanns, 2022. "Venturing Motives and Venturing Types in Entrepreneurial Families: A Corporate Entrepreneurship Perspective," Entrepreneurship Theory and Practice, , vol. 46(1), pages 44-81, January.
    7. Chitra Singla & Ludvig Levasseur, 2023. "The role of family in unfolding the process of external corporate venturing in small family businesses," Small Business Economics, Springer, vol. 61(1), pages 105-126, June.

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