Abstract

The paper investigates the role of networks in the growth processes of family firms. The strategic advantages of the family business tend to focus on the benefits of stability over time: heightened commitment, longer term perspectives, patient capital; sustained values and vision; continuity; specialized knowledge. But these are maintained and developed in networked settings. Nonetheless, there are also some clear indications that family businesses may indeed be characterized, to some degree, by an ability for re-invention and growth. Some family firms have been found to have cultural preferences for entrepreneurship. The study draws together theoretical developments from the family firm realm and networking theory, to investigate the ways in which these structures and processes interact to facilitate and inhibit entrepreneurial growth.

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