Table of Contents

Firms within Families

Firms within Families

Enterprising in Diverse Country Contexts

Edited by Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy

Firms within Families: Enterprising in Diverse Country Contexts investigates this ‘double embeddedness’ of business ownership and management through two illuminating sets of empirical studies. Part I focuses upon the family-oriented goal of socio-emotional wealth and its association with a firm’s strategic orientations, strategies and performance. Part II examines strategies and experiences at the work–family interface and their implications for an owner-manager’s psychological well-being. Both parts feature diverse studies from the United States, Switzerland/Germany, China, Brazil, and India.

Chapter 14: Conclusion: reflections upon the double embeddedness of business enterprising

Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy

Subjects: business and management, entrepreneurship, family business, strategic management

Extract

The multi-country study featured in this book originated from our desire to respond to two increasingly voiced calls within both the entrepreneurship and family business literatures. One is the request for greater understanding of how the meso-level institution of family influences, and is influenced by, the operation and performance of owner-managed firms. The second is the call for enhanced appreciation of the macro-level environments in which such firms (as well as their owner-managers and families) are embedded. In conjunction with our collaborators, we investigated this ‘double embeddedness’ of business enterprising by collecting difficult-to-obtain primary survey data on the firms and families of almost 1400 owner-managers. The participants were selected from five countries characterized by diverse economic, institutional, and cultural contexts: the United States, Switzerland/ Germany, China, Brazil and India. This concluding chapter summarizes our overarching findings regarding the double embeddedness notion, the caveats stemming from limitations inherent in the overall study design, and the contributions to and implications for existing and future work.

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