1. FIRST OWNERSHIP SUCCESSION IN FAMILY BUSINESSES FROM ENTREPRENEURSHIP VIEWPOINT 5th IFERA Annual Research Conference April 14-15, 2005 IESE Business School Eugeniusz Niedbała

2. Research question… whether ownership succession in the family businesses contribute to the increase in entrepreneurship …and basic assumptions  the family business and the family create the scene, on which the process of ownership succession is going on  the process is perceived from entrepreneurship viewpoint

3. The definitions on which the research model should be built: succession (transition) is a “multistage process that exists over time, beginning before the heirs even enter the business” (Handler, 1994: 134), “entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control” (Stevenson and Jarillo, 1990: 23), organisational entrepreneurship is “reconciling opportunities and organizational actions for new wealth creation in the context of co-evolving people and venture with organization and its environment” (Bratnicki, 2003: 18).

4. The premises on which the research model should be built: concepts and theoretical constructs of entrepreneurship are multidimensional (Hofer & Bygrave, 1992), entrepreneurship model should be built on three levels: environmental, organisational and individual (Covin & Slevin, 1991), entrepreneurship can vary according to the environmental context but its nature and dimensions are the same regardless of the context (Morris & Kuratko, 2002),

5. The premises on which the research model should be built: cont. conducting of complex research process (Ofori-Dankwa & Julian, 2001) should be a way of addressing entrepreneurship in organisations, co-alignment (Branderburger & Nalebuff, 1996) and co-evolution of organisation and environment (Oliver & Ross, 2000) are a source of entrepreneurial actions, entrepreneurship research should be more theory driven (Davidsson, Low & Wright, 2001),

6. The premises on which the research model should be built: cont. entrepreneurship research should: consider cognitive and behavioural factors relating to entrepreneurs in variety of settings (Ucbasaran, Westhead & Wright, 2001), consider effect on environmental factors (Aldrich & Martinez, 2001), take multilevel approach (Davidsson & Wiklund, 2001), consider time frame and causality issues (Chandler & Lyon, 2001).

7. Entrepreneurship in family business should be measured by operationalization of entrepreneurial management as: strategy orientation, resource control, management structure, reward philosophy, growth orientation, entrepreneurial culture made by Brown, Davidsson and Wiklund (2001).

8. References Aldrich, H.E. & Martinez, M.A. (2001). Many are called but few are chosen: An evolutionary perspective for study of entrepreneurship. Entrepreneurship Theory & Practice, 25(4), 41-56. Branderburger, R.M. & Nalebuff, B.J. (1996). Co-opetition. New York: Doubleday. Bratnicki, M. (2003). (Ed.), Organizational entrepreneurship: Conceptual advances and some empirical tests. Katowice: Publisher of The Karol Adamiecki University of Economics. Brown, T.H., Davidsson, P. & Wiklund, J. (2001). An operationlisation of Stevenson’s conceptualization of entrepreneurship as opportunity-based firm behavior. Strategic Management Journal, 22(10), 953–968. Chandler, G. N. & Lyon, D. W. (2001). Issues of research design and construct measurement in entrepreneurship research: the past decade. Entrepreneurship Theory and Practice, 25(4), 101– 113. Covin, J. & Slevin, D.P. (1991). A conceptual model of entrepreneurship as firm behavior. Entrepreneurship Theory & Practice, 16(1), 7-25. Davidsson, P., Law, M.B. & Wright, M. (2001). Editor’s introduction: Low and MacMillan ten years on: Achievements and future directions for entrepreneurship research. Entrepreneurship Theory & Practice, 25(4), 5-15. Davidsson, P. & Wiklund, J. (2001). Levels of analysis in entrepreneurship research: current research practice and suggestions for the future. Entrepreneurship Theory & Practice, 25(4), 81-99. Handler, W. C. (1994). Succession in Family Business: A Review of Research. Family Business Review, 7(2), 133-157. Hofer, C.W. & Bygrave, W.D. (1992). Researching entrepreneurship. Entrepreneurship Theory & Practice, 16(3), 91-100. Morris, M.H. & Kuratko, D.F. (2002). Corporate entrepreneurship. Entrepreneurial development within organizations. Orlando: Harcourt College Publishers. Ofori-Dankwa, J. & Julian, S.D. (2001). Complexifying organizational theory: Illustrations using time research. Academy of Management Review, 26(5), 415-430. Oliver, D. & Ross, J. (2000). Striking a balance: Complexity and knowledge landscapes. Maidenhead: McGraw-Hill. Stevenson, H.H. & Jarillo, J.C. (1990). A perspective of entrepreneurship: entrepreneurial management. Strategic Management Journal, 11(1), 17–27. Ucbasaran, D., Westhead, P. & Wright, M. (2001). The focus of entrepreneurial research: Contextual and process issues. Entrepreneurship Theory & Practice, 25(4), 57-80.

9. THANK YOU VERY MUCH Eugeniusz Niedbała