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Commentary: What Were They Thinking? The Role of Family Firm Mental Models on Threat Recognition

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  • Franz W. Kellermanns
  • Tim Barnett

Abstract

In this commentary, we extend Sirmon, Arregle, Hitt, and Webb's work in this issue by introducing shared mental models as antecedents of threat of imitability recognition and as moderators of the relationship between threat recognition and strategic action. Specifically, while Sirmon, Arregle, Hitt, and Webb focus on responses to threat recognition, we develop propositions on how shared mental models related to business issues affect the threat recognition process and on how shared mental models related to family issues influence strategic responses to recognized threats. Implications and areas for future research are discussed.

Suggested Citation

  • Franz W. Kellermanns & Tim Barnett, 2008. "Commentary: What Were They Thinking? The Role of Family Firm Mental Models on Threat Recognition," Entrepreneurship Theory and Practice, , vol. 32(6), pages 999-1006, November.
    • Handle: RePEc:sae:entthe:v:32:y:2008:i:6:p:999-1006
    DOI: 10.1111/j.1540-6520.2008.00268.x
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    1. David G. Sirmon & Jean–Luc Arregle & Michael A. Hitt & Justin W. Webb, 2008. "The Role of Family Influence in Firms’ Strategic Responses to Threat of Imitation," Entrepreneurship Theory and Practice, , vol. 32(6), pages 979-998, November.
    2. Franz W. Kellermanns, 2005. "Family Firm Resource Management: Commentary and Extensions," Entrepreneurship Theory and Practice, , vol. 29(3), pages 313-319, May.
    3. Kellermanns, Franz W. & Eddleston, Kimberly A., 2007. "A family perspective on when conflict benefits family firm performance," Journal of Business Research, Elsevier, vol. 60(10), pages 1048-1057, October.
    4. Franz W. Kellermanns & Kimberly A. Eddleston, 2004. "Feuding Families: When Conflict Does a Family Firm Good," Entrepreneurship Theory and Practice, , vol. 28(3), pages 209-228, May.
    5. Pramodita Sharma & S. Manikutty, 2005. "Strategic Divestments in Family Firms: Role of Family Structure and Community Culture," Entrepreneurship Theory and Practice, , vol. 29(3), pages 293-311, May.
    6. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and Sustainability of Competitive Advantage," Management Science, INFORMS, vol. 35(12), pages 1504-1511, December.
    7. Sucheta Nadkarni & V. K. Narayanan, 2007. "Strategic schemas, strategic flexibility, and firm performance: the moderating role of industry clockspeed," Strategic Management Journal, Wiley Blackwell, vol. 28(3), pages 243-270, March.
    8. James J. Chrisman & Jess H. Chua & Pramodita Sharma, 2005. "Trends and Directions in the Development of a Strategic Management Theory of the Family Firm," Entrepreneurship Theory and Practice, , vol. 29(5), pages 555-575, September.
    9. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and the Sustainability of Competitive Advantage: Reply," Management Science, INFORMS, vol. 35(12), pages 1514-1514, December.
    10. David G. Sirmon & Michael A. Hitt, 2003. "Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms," Entrepreneurship Theory and Practice, , vol. 27(4), pages 339-358, October.
    11. Eddleston, Kimberly A. & Kellermanns, Franz W., 2007. "Destructive and productive family relationships: A stewardship theory perspective," Journal of Business Venturing, Elsevier, vol. 22(4), pages 545-565, July.
    12. Habbershon, Timothy G. & Williams, Mary & MacMillan, Ian C., 2003. "A unified systems perspective of family firm performance," Journal of Business Venturing, Elsevier, vol. 18(4), pages 451-465, July.
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    Cited by:

    1. Casillas, José C. & Moreno, Ana M. & Barbero, José L., 2011. "Entrepreneurial orientation of family firms: Family and environmental dimensions," Journal of Family Business Strategy, Elsevier, vol. 2(2), pages 90-100, June.
    2. Ulrich Lichtenthaler & Miriam Muethel, 2012. "Retracted: The Impact of Family Involvement on Dynamic Innovation Capabilities: Evidence from German Manufacturing Firms," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1235-1253, November.
    3. JoAnne Yong–Kwan Lim & Lowell W. Busenitz & Laku Chidambaram, 2013. "New Venture Teams and the Quality of Business Opportunities Identified: Faultlines between Subgroups of Founders and Investors," Entrepreneurship Theory and Practice, , vol. 37(1), pages 47-67, January.
    4. James J. Chrisman & Lloyd P. Steier & Jess H. Chua, 2008. "Toward a Theoretical Basis for Understanding the Dynamics of Strategic Performance in Family Firms," Entrepreneurship Theory and Practice, , vol. 32(6), pages 935-947, November.

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