Effectuation and strategic evolution for sustainable longevity: the case of a 19th-generation family firm

IF 4.5 2区管理学 Q1 BUSINESS

International Journal of Entrepreneurial Behavior & Research Pub Date : 2023-11-17 DOI:10.1108/ijebr-07-2023-0684

Dianne H.B. Welsh, Orlando Llanos-Contreras, Melany Rebeca Hebles

{"title":"Effectuation and strategic evolution for sustainable longevity: the case of a 19th-generation family firm","authors":"Dianne H.B. Welsh, Orlando Llanos-Contreras, Melany Rebeca Hebles","doi":"10.1108/ijebr-07-2023-0684","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>This article explains the causal mechanism supporting sustainable longevity by analysing the last three generations of one of the oldest family firms in Latin America.</p>\n<h3>Design/methodology/approach</h3>\n<p>An explanatory single-case qualitative research based on critical realism explores why and how this family firm has been able to maintain its multigenerational longevity.</p>\n<h3>Findings</h3>\n<p>Los Lingues's evolutionary strategy, driven by transgenerational entrepreneurship under effectuation, has supported this family firm's sustainable longevity. Its effectual logic emerged mainly from the richness of the firm's historical resources embedded in its identity, knowledge and social capital and priority to preserve socioemotional wealth.</p>\n<h3>Originality/value</h3>\n<p>This study integrates socioemotional wealth and effectuation theory to explain a family firm's ability to survive through generations and sustain longevity. The study demonstrates the relevance of effectual logic in the entrepreneurial dynamics of a multigenerational family firm. Effectual logic drives the firm evolution and adaptation for sustainable longevity.</p>","PeriodicalId":51425,"journal":{"name":"International Journal of Entrepreneurial Behavior & Research","volume":"116 2","pages":""},"PeriodicalIF":4.5000,"publicationDate":"2023-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Entrepreneurial Behavior & Research","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ijebr-07-2023-0684","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose

This article explains the causal mechanism supporting sustainable longevity by analysing the last three generations of one of the oldest family firms in Latin America.

Design/methodology/approach

An explanatory single-case qualitative research based on critical realism explores why and how this family firm has been able to maintain its multigenerational longevity.

Findings

Los Lingues's evolutionary strategy, driven by transgenerational entrepreneurship under effectuation, has supported this family firm's sustainable longevity. Its effectual logic emerged mainly from the richness of the firm's historical resources embedded in its identity, knowledge and social capital and priority to preserve socioemotional wealth.

Originality/value

This study integrates socioemotional wealth and effectuation theory to explain a family firm's ability to survive through generations and sustain longevity. The study demonstrates the relevance of effectual logic in the entrepreneurial dynamics of a multigenerational family firm. Effectual logic drives the firm evolution and adaptation for sustainable longevity.

查看原文本刊更多论文

可持续长寿的实施和战略演变:一个第19代家族企业的案例

本文通过分析拉丁美洲最古老的家族企业之一的最后三代，解释了支持可持续长寿的因果机制。一项基于批判现实主义的解释性单一案例定性研究探讨了这个家族企业为什么以及如何能够保持其多代人的长寿。研究发现，在跨代创业精神的推动下，洛斯·林格斯的进化战略支持了这家家族企业的持续长寿。它的有效逻辑主要来自于公司丰富的历史资源，这些资源嵌入在公司的身份、知识和社会资本中，并优先保护社会情感财富。原创性/价值本研究将社会情感财富理论与效用理论相结合，来解释家族企业代代相传、经久不衰的能力。本研究证明了有效逻辑在多代家族企业创业动态中的相关性。有效的逻辑驱动着公司的进化和适应，以实现可持续的长寿。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Entrepreneurial Behavior & Research Multiple-

CiteScore

10.20

自引率

16.40%

发文量

期刊介绍： The International Journal of Entrepreneurial Behavior & Research (IJEBR) has a unique focus on publishing original research related to the human and social dynamics of entrepreneurship, and entrepreneurial management in small and growing organizations. The journal has an international perspective on entrepreneurship and publishes conceptual papers and empirical studies which bring together issues of interest to academic researchers and educators, policy-makers and practitioners worldwide.The editorial team encourages high-quality submissions which advance the study of human and behavioural dimensions of entrepreneurship and smaller organizations. Examples of topics which illustrate the scope of the journal are provided below. Topicality Nascent entrepreneurship and new venture creation Management development and learning in smaller businesses Enterprise and entrepreneurship education, learning and careers Entrepreneurial psychology and cognition Management and transition in smaller, growing and family-owned enterprises Corporate entrepreneurship and venturing Entrepreneurial teams, management and organizations Social, sustainable and informal entrepreneurship National and international policy, historical and cultural studies in entrepreneurship Gender, minority and ethnic entrepreneurship Innovative research methods and theoretical development in entrepreneurship Resourcing and managing innovation in entrepreneurial ventures.