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The growth of business groups by habitual entrepreneurs: the role of entrepreneurial teams


  • Donato Iacobucci

    (Dipartimento di Ingegneria Informatica, Gestionale e dell’Automazione, Università Politecnica delle Marche)

  • Peter Rosa

    (Centre for Entrepreneurship Research, Management School & Economics, University of Edinburgh)


Previous research demonstrates that entrepreneurial processes underpin the growth of business groups. A business group is a set of companies controlled by the same entrepreneur. Case studies of portfolio entrepreneurs suggest that one of the main reasons for business group formation is the need to create an entrepreneurial team, which is achieved by giving minority shares in the new ventures to others, mainly former employees. This enhances the portfolio entrepreneur’s ability to grow and diversify the businesses under their control. The paper identifies and discusses the different types of entrepreneurial teams developed by portfolio entrepreneurs, and their dynamics.

Suggested Citation

  • Donato Iacobucci & Peter Rosa, 2009. "The growth of business groups by habitual entrepreneurs: the role of entrepreneurial teams," Working Papers 0904, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione, revised Nov 2009.
  • Handle: RePEc:cme:wpaper:0904

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    Cited by:

    1. Gry Agnete Alsos & Sara Carter & Elisabet Ljunggren, 2013. "Entrepreneurial families and households," Research Papers 0010, Enterprise Research Centre.
    2. Fortunato Michael W-P & Alter Theodore R, 2011. "The Individual-Institutional-Opportunity Nexus: An Integrated Framework for Analyzing Entrepreneurship Development," Entrepreneurship Research Journal, De Gruyter, vol. 1(1), pages 1-36, January.
    3. Enrico Guzzini & Donato Iacobucci, 2014. "Ownership as R&D incentive in business groups," Small Business Economics, Springer, vol. 43(1), pages 119-135, June.
    4. Trevor Jones & Monder Ram, 2013. "Entrepreneurship as ethnic minority liberation," Research Papers 0011, Enterprise Research Centre.
    5. Xue-Liang Pei & Tung-Ju Wu & Jia-Ning Guo & Jia-Qi Hu, 2020. "Relationship between Entrepreneurial Team Characteristics and Venture Performance in China: From the Aspects of Cognition and Behaviors," Sustainability, MDPI, vol. 12(1), pages 1-15, January.
    6. Bamiatzi, Vassiliki & Cavusgil, Salih Tamer & Jabbour, Liza & Sinkovics, Rudolf R., 2014. "Does business group affiliation help firms achieve superior performance during industrial downturns? An empirical examination," International Business Review, Elsevier, vol. 23(1), pages 195-211.
    7. Christine Blanka, 2019. "An individual-level perspective on intrapreneurship: a review and ways forward," Review of Managerial Science, Springer, vol. 13(5), pages 919-961, November.
    8. Cécile Chanut-Guieu & Gilles Guieu & Franck Tannery & Léo-Paul Dana, 2014. "Au-delà de la croissance rapide : combiner le paradoxe et la logique dominante pour un modèle d’hypercroissance durable," Post-Print halshs-01413739, HAL.
    9. Ferrer-Lorenzo, Juan Ramón & Abella-Garcés, Silvia & Maza-Rubio, Teresa, 2018. "Competitive advantage differences between firms belonging to a business group and independent companies in the Spanish wine industry," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 17(02), January.
    10. Anaïs HAMELIN, 2013. "Does Size Matter? Firm And Business Group Size Influence On The Benefits Of Group Affiliation," Working Papers of LaRGE Research Center 2013-10, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    11. Erik Stam, 2010. "Growth beyond Gibrat: firm growth processes and strategies," Small Business Economics, Springer, vol. 35(2), pages 129-135, September.
    12. Donato Iacobucci, 2014. "Nuovi modelli imprenditoriali, tendenze e politiche di sostegno," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2014(2), pages 101-114.

    More about this item


    Business groups; entrepreneurship; entrepreneurial teams;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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