IDEAS home Printed from https://ideas.repec.org/a/wsi/jecxxx/v13y2005i01ns0218495805000057.html
   My bibliography  Save this article

Intuition Of Family Entrepreneurs: An Exploratory Study Of Perceptions And Experiences

Author

Listed:
  • MARJA-LIISA KAKKONEN

    (School of Business and Economics, University of Jyväskylä, Finland)

Abstract

Many business problems do not appear in ideal conditions. Sometimes decisions have to be made very quickly, or there is no explicit knowledge regarding a problem, or there is neither enough time nor enough information. Therefore, entrepreneurs are not always equipped to make the necessary decision or to solve the problem. A successful entrepreneur needs to rely more often on intuition in making decisions and in solving problems. Intuition can be considered, for example, as a sudden awareness of knowledge. Using this type of knowledge, a person knows facts or relations, but without knowing why.Previous studies have described the nature of intuition and they have also addressed the intuitive abilities of managers, but the actual use of intuition remains a relatively unchartered research area, as well as the intuition of entrepreneurs. The study reported here is an attempt to broaden our understanding of the intuition of family entrepreneurs. The purpose was to explore through interviews what family entrepreneurs understood by intuition and to establish what kinds of situational factors were involved in experiencing and applying intuition.

Suggested Citation

  • Marja-Liisa Kakkonen, 2005. "Intuition Of Family Entrepreneurs: An Exploratory Study Of Perceptions And Experiences," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 47-67.
    • Handle: RePEc:wsi:jecxxx:v:13:y:2005:i:01:n:s0218495805000057
    DOI: 10.1142/S0218495805000057
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0218495805000057
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0218495805000057?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fred Neubauer & Alden G. Lank, 1998. "The Family Business," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-14465-5.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chris Adendorff & Daphne Halkias, 2014. "Leveraging Ethnic Entrepreneurship, Culture And Family Dynamics To Enhance Good Governance And Sustainability In The Immigrant Family Business," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 1-23.
    2. Gonzalo Maldonado-Guzman & Sandra Yesenia Pinzón-Castro & Araceli Alvarado-Carrillo, 2018. "Corporate Social Responsibility in Family and Non-Family SMEs in Mexico," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 171-183, August.
    3. Gérard Hirigoyen & Thierry Poulain-Rehm, 2014. "The Corporate Social Responsibility of Family Businesses: An International Approach," IJFS, MDPI, vol. 2(3), pages 1-26, July.
    4. Rahul Nilakantan & Deepak Iyengar & Samar K. Datta & Shashank Rao, 2021. "On Ethical Violations in Microfinance Backed Small Businesses: Family and Household Welfare," Journal of Business Ethics, Springer, vol. 172(4), pages 785-802, September.
    5. Franco Ernesto Rubino & Paolo Tenuta & Domenico Rocco Cambrea, 2017. "Board characteristics effects on performance in family and non-family business: a multi-theoretical approach," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 623-658, September.
    6. Ilias, Nauman, 2006. "Families and firms: Agency costs and labor market imperfections in Sialkot's surgical industry," Journal of Development Economics, Elsevier, vol. 80(2), pages 329-349, August.
    7. Jayaram, Jayanth & Dixit, Mita & Motwani, Jaideep, 2014. "Supply chain management capability of small and medium sized family businesses in India: A multiple case study approach," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 472-485.
    8. Kyuho Jin & Joowon Lee & Sung Min Hong, 2021. "The Dark Side of Managing for the Long Run: Examining When Family Firms Create Value," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    9. Patrice Charlier & Céline Duboys, 2011. "Gouvernance familiale et politique de distribution aux actionnaires," Revue Finance Contrôle Stratégie, revues.org, vol. 14(1), pages 5-31., March.
    10. Hiba Birgach & Taib Berrada El Azizi & Badr Habba, 2021. "Family Governance Mechanisms in Moroccan Family Businesses: An Exploratory Study," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(8), pages 101-101, July.
    11. Parmendra Sharma & Neelesh Gounder, 2012. "Obstacles to bank financing of micro and small enterprises: empirical evidence from the Pacific with some policy implications," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 19(2), pages 49-75, December.
    12. Matthias Filser & Alexander Brem & Johanna Gast & Sascha Kraus & Andrea Calabrò, 2016. "Innovation In Family Firms — Examining The Inventory And Mapping The Path," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-39, August.
    13. Peter J. Baldacchino & Annette Gauci & Simon Grima, 2019. "Family Influence in Maltese Listed Companies: The Implications on Corporate Governance," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 85-112.
    14. Yannick Bammens & Wim Voordeckers & Anita Gils, 2008. "Boards of directors in family firms: a generational perspective," Small Business Economics, Springer, vol. 31(2), pages 163-180, August.
    15. Claire Gillet & Isabelle Martinez, 2010. "La Verification Volontaire Des Informations Societales: La Structure De Propriete Et Le Conseil D'Administration Ont-Ils Une Influence Sur La Decision De L'Entreprise ?," Post-Print hal-00479519, HAL.
    16. Marco Pini, 2019. "Family management and Industry 4.0: Different effects in different geographical areas? An analysis of the less developed regions in Italy," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(3), pages 73-102.
    17. Gallo, Miguel A. & Cappuyns, Kristin, 2004. "Family members who do not work in the family business: How to enhance their "unity" and "commitment"," IESE Research Papers D/570, IESE Business School.
    18. John Harry Evans & Nandu J. Nagarajan & Jason D. Schloetzer, 2010. "CEO Turnover and Retention Light: Retaining Former CEOs on the Board," Journal of Accounting Research, Wiley Blackwell, vol. 48(5), pages 1015-1047, December.
    19. Michael Gilding & Sheree Gregory & Barbara Cosson, 2015. "Motives and Outcomes in Family Business Succession Planning," Entrepreneurship Theory and Practice, , vol. 39(2), pages 299-312, March.
    20. Kanadlı, Sadi Boĝaç & Torchia, Mariateresa & Gabaldon, Patricia & Calabrò, Andrea, 2020. "Effects of Task Conflict on Board Task Performance in Family Firms: The Importance of Board Openness," Journal of Family Business Strategy, Elsevier, vol. 11(2).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jecxxx:v:13:y:2005:i:01:n:s0218495805000057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jec/jec.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.