Effectuation Publications Library

Access Journal Articles and Chapters Referencing Effectuation 

Welcome to the Publications Library

You can search, filter and access papers and abstracts below.

Have a paper to submit?  Go Here

Commentary: Exploiting and Exploring New Opportunities Over Life Cycle Stages of Family Firms

2011

Sharma, Pramodita Salvato, Carlo

Family firms vary with regards to success achieved in terms of opportunity creation and exploitation over time. Elaborating on this variation, this commentary argues that firms that simultaneously engage in multiple levels of innovationโ€”incremental, progressive, and radicalโ€”are likely to enjoy sustainable performance advantages across generations. Toward this end, a strategic split of innovation responsibilities between family and nonfamily professionals is likely to be useful, contingent on the firmโ€™s life cycle and size. In terms of entrepreneurial expertise, a combination of causal and effectual thinking is necessary to ensure exploitation of already discovered or created opportunities and exploration of new ones.

PDF Download

 

 

Submit A Paper to Expand the Dialogue

What is your publication about?  Who are your co-authors?
Close menu