TY - UNPB

T1 - Family entrepreneurial teams

T2 - a vehicle for portfolio entrepreneurship

AU - Discua Cruz, Allan

AU - Howorth, Carole

PY - 2010

Y1 - 2010

N2 - Guided by the resource based view and stewardship theory, this study explores how family members go about developing a portfolio of businesses. Collective approaches to portfolio entrepreneurship are examined in case studies of six family business groups in Honduras. Interviews with multiple respondents for each case are analysed using interpretive methods. Members of the 'family in business' approach the opportunity stages of the entrepreneurial process as an entrepreneurial team. Families in business seek and evaluate opportunities to match the interests and aptitudes of members of the family entrepreneurial team. The entrepreneurial team for each opportunity is formed from a closed group of family members who are committed to being in business together in the long term. The family entrepreneurial team have a collectivist approach to opportunities and resources. The importance of examining entrepreneurship and family businesses in alternative contexts, such as Latin America, is argued. The implications highlight the relevance of the family in business as a unit of analysis for researchers, practitioners and policy makers.

AB - Guided by the resource based view and stewardship theory, this study explores how family members go about developing a portfolio of businesses. Collective approaches to portfolio entrepreneurship are examined in case studies of six family business groups in Honduras. Interviews with multiple respondents for each case are analysed using interpretive methods. Members of the 'family in business' approach the opportunity stages of the entrepreneurial process as an entrepreneurial team. Families in business seek and evaluate opportunities to match the interests and aptitudes of members of the family entrepreneurial team. The entrepreneurial team for each opportunity is formed from a closed group of family members who are committed to being in business together in the long term. The family entrepreneurial team have a collectivist approach to opportunities and resources. The importance of examining entrepreneurship and family businesses in alternative contexts, such as Latin America, is argued. The implications highlight the relevance of the family in business as a unit of analysis for researchers, practitioners and policy makers.

KW - portfolio entrepreneurship

KW - entrepreneurial teams

KW - opportunity stages

KW - family business groups

KW - RBV

KW - stewardship.

M3 - Working paper

T3 - Entrepreneurship and Enterprise Development Working Paper Series

BT - Family entrepreneurial teams

PB - Institute for Entrepreneurship and Enterprise Development

CY - Lancaster University

ER -