Portfolio Entrepreneurship in Family Firms: A Resource-based Perspective

The phenomenon of portfolio entrepreneurship has attracted considerable scholarly attention and is particularly relevant in the family fi rm context. However, there is a lack of knowledge of the process through which portfolio entrepreneurship develops in family firms. We address this gap by analyzing four in-depth, longitudinal family firm case studies from Europe and Latin America. Using a resource-based perspective, we identify six distinct resource categories that are relevant to the portfolio entrepreneurship process. Furthermore, we reveal that their importance varies across time. Our resulting resource-based process model of portfolio entrepreneurship in family firms makes valuable contributions to both theory and practice.

Family Portfolio Entrepreneurship

This paper seeks to extend our understanding of the growing field of Portfolio Entrepreneurship, the simultaneous ownership and engagement in several business activities (Westhead & Wright 1998; Carter & Ram 2003). Portfolio entrepreneurship has been identified as an important factor in both new venture creation and the economic landscape in general (Rosa & Scott 1996; 1999). We follow Carter and Ram's (2003) call to explore portfolio entrepreneurship within the family context. Specifically we address the why (cause) and how (process) of family portfolio entrepreneurship through comparative qualitative cases.

Portfolio of Indian art : objects selected from the collections of the museum /

In portfolio.

The Portfolio : an artistic periodical.

Editor: Philip Gilbert Hamerton.

NCI international portfolio : addressing the global challenge of cancer /

"Printed July 2006."

A moral antipathy : first opening of the new portfolio /

BAL

The Hawara portfolio: paintings of the Roman age,

"The full account of the discovery and dating of the portraits, and the method of painting in coloured wax, is given in the volume on 'Roman portraits', recently published."--2d prelim. leaf.

A man adrift : being leaves from a nomad's portfolio /

Mode of access: Internet.

The portfolio : a collection of state papers and other documents and correspondence, historical, diplomatic and commercial.

Contiene: v.1-3.

A manuscript found in the portfolio of Las Casas, containing maxims and observations of Napoleon : collected during the last two years of his residence at St. Helena.

"Translated from the French" - t.p.

Le Portfolio, ou Collection de documens politiques relatifs à l'histoire contemporaine, tr. de l'anglais. t. 4, 6.

Title of English edition: The Portfolio, a collection of state papers, etc., illustrative of the history of our times.

Portfolio artistic monographs.

Mode of access: Internet.