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Portfolio entrepreneurship in family firms: a resource-based perspective

Philipp Sieger, Thomas Zellweger, Robert S. Nason, Eric Clinton

Strategic Entrepreneurship Journal · 2011 · Volume 5 · Issue 4

DOI: 10.1002/sej.120

Abstract

The phenomenon of portfolio entrepreneurship has attracted considerable scholarly attention and is particularly relevant in the family firm context. However, there is a lack of knowledge of the process through which portfolio entrepreneurship develops in family firms. We address this gap by analyzing four in-depth, longitudinal family firm case studies from Europe and Latin America. Using a resource-based perspective, we identify six distinct resource categories that are relevant to the portfolio entrepreneurship process. Furthermore, we reveal that their importance varies across time. Our resulting resource-based process model of portfolio entrepreneurship in family firms makes valuable contributions to both theory and practice. Copyright © 2011 Strategic Management Society.

Keywords

portfolio entrepreneurship, family firms, resource-based view

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