Simulating Dynamic Capabilities and Value Creation in Family Firms

Dynamic Capabilities and Transgenerational Value Creation in Family Firms

While some research on entrepreneurship in family businesses has focused on transgenerational value creation, a gap exists in understanding how such value is generated across generations. The present research offers insights through the lens of dynamic capabilities, which are created by knowledge and in turn generate entrepreneurial performance and value creation. A model is built based on lite...

Simulating Dynamic Capabilities and Value Creation in Family Firms: Is Paternalism an ‘Asset’ or ‘Liability’?

Founder Control, Opacity and Value Creation in Family Firms

The extant literature on family-controlled firms in the U.S. presents a mixed picture on how family control affects opacity and value creation. In this study, we show that the mixed results could result from the differences among family firms with regard to the presence of founders and the extent of decision rights held by them. Specifically, we find that family firms in which founders are pres...

Knowledge, Dynamic Capabilities and Family Inertia in Family Firms: A Computational Approach

The present research sets out through computer simulations in system dynamics the positive dynamic interconnections between knowledge, capabilities, dynamic capabilities, entrepreneurial performance and trans-generational value in family business. Interesting results and new insights emerge introducing family inertia in the model (as a function of paternalism) which influences the creation of c...

Market Oriented Value Creation in Service Firms

A fundamental proposition in marketing strategy is that a market orientation is positively related to firm performance. However, the mechanisms of this relationship have yet to be explored in detail, especially in service industries where intangible assets are relatively more important. This paper addresses this issue by proposing a model that identifies important intermediate variables between...