A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
This study examines the transgenerational growth process of family business portfolios in rural and urban contexts in Pakistan. Using socioemotional wealth (SEW) as a conceptual lens, the study reveals distinct transgenerational growth strategies in the firm development process in these two contexts. Three key insights emerge: both control and legacy are important drivers, and location is an important contingency factor of transgenerational growth. First, rural-based family business portfolios adopt organic growth strategies, whileurban-based family business portfolios adopt hybrid growth strategies. Second, the rural-based family business portfolios diversify into businesses related to their legacy’s business activity; by contrast, urban-based family business portfolios diversify into unrelated businesses. Finally, the firm’sactual location is an important contingency factor. Depending on the opportunities available, the location can impede or enhance transgenerational growth. This study advances the literature on portfolio entrepreneurship and family firms in rural and urban contexts.
This study examines the transgenerational growth process of family business portfolios in rural and urban contexts in Pakistan. Using socioemotional wealth (SEW) as a conceptual lens, the study reveals distinct transgenerational growth strategies in the firm development process in these two contexts. Three key insights emerge: both control and legacy are important drivers, and location is an important contingency factor of transgenerational growth. First, rural-based family business portfolios adopt organic growth strategies, whileurban-based family business portfolios adopt hybrid growth strategies. Second, the rural-based family business portfolios diversify into businesses related to their legacy’s business activity; by contrast, urban-based family business portfolios diversify into unrelated businesses. Finally, the firm’sactual location is an important contingency factor. Depending on the opportunities available, the location can impede or enhance transgenerational growth. This study advances the literature on portfolio entrepreneurship and family firms in rural and urban contexts.
Transgenerational growth
Akhter, Naveed (author)
2016
Article (Journal)
English
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