Search results

The purpose of this paper is to explain how the concept of socioemotional wealth can be combined with other important concepts in the family firm literature to develop a theory of the family firm.

This is a conceptual paper based on a review of the paper of Martin and Gómez-Mejía in this issue as well as the family business literature in general.

Martin and Gómez-Mejía (this issue) present a theoretical model and propositions on the relationship between socioemotional and financial wealth that advances understanding of family firm decision-making. That paper provides an initial step toward a theory of the family firm that can explain why firms select the family form of organization to conduct economic activities, what determines their scale and scope and why heterogeneity is observed among family firms. This commentary takes another step toward such a theory by discussing how the combined consideration of goals, governance and resources could be used to address the above three questions.

The precepts of a new theory of the family firm is presented that incorporates the concepts of goals (socioemotional wealth), governance (family ownership and control) and resources (familiness) of family firms to explain why family firms exist and potentially thrive as well as to explain the heterogeneity among family firms.

Competitive sourcing is the government’s term for transferring the operation of an internal process or function to either an external supplier or a reengineered government team. The competitively sourced function is managed through performance metrics. These metrics must be thorough, appropriate and well designed to ensure the government is receiving the level of service required to fulfill its various missions. This research effort develops a performance metric evaluation system that was synthesized from metric design literature, Total Quality Management concepts, and the Government Performance Results Act. Use of the system in a case study is discussed along with how to evaluate the results. Results indicate that some Air Force performance metrics have insufficient and improperly designed metrics.

The purpose of this paper is to apply the theory of guided preparation to investigate the relative impact of outside counseling assistance and entrepreneurship courses on new venture creation and performance.

To attain a sample of nascent entrepreneurs who had been impacted by entrepreneurship education and entrepreneurial counseling, 256 individuals who received counseling from the Pennsylvania Small Business Development Center in 1996 or 1998 were surveyed. The authors ran a logistic regression model using venture start‐up as the categorical dependent variable to investigate whether entrepreneurial education and counseling had an influence on the creation of new ventures. To test whether entrepreneurial education or counseling had a long‐term impact on the growth of new ventures, hierarchical regression analyses were run using employment in 2003 as the dependent variable. Various control variables were used for both sets of analyses.

Findings indicate that counseling has a significant impact on venture performance but entrepreneurship courses do not. In contrast, entrepreneurship courses are related to venture creation while counseling is not.

Consistent with theory, the results suggest that counseling programs allow entrepreneurs to develop context‐specific tacit knowledge about their ventures and are best delivered immediately prior to venture start‐up. Entrepreneurship courses appear to indirectly influence new venture performance by increasing the odds of start up.

This comparative test of the theory of guided preparation contributes to the understanding of the effects of education and counseling on the creation and long‐term performance of new ventures, informing how the delivery of such programs can be improved.

The purpose of this paper is to submit and test a model of corporate entrepreneurship (CE).

Using a sample of 264 employees of a mid‐sized organization, the authors conceptualize three antecedent categories of CE: process, context, and individual characteristics. The authors also test the mediating affect of CE on desirable individual outcomes: job satisfaction, turnover intent, and affective commitment.

The results indicate that the model does an adequate job of explaining CE, and that CE mediates the relationship between our antecedents and individual outcomes.

For researchers, the primary value of this research is the opportunity to consider a predictive model of CE on the knowledge base currently in the field. For practitioners, the process seems to offer an important precursor to CE.

Although the measurement of organizational readiness for change has been encouraged, measuring readiness for change poses a major empirical challenge. This is not because instruments designed to do this are not available. Researchers, consultants, and practitioners have published an array of instruments, suggesting that readiness can be measured from various perspectives and the concept of readiness has not been clearly defined. This paper reviews the history of the readiness concept, the perspectives used to assess readiness, and the psychometric properties of readiness instruments. Based on the review, an integrated definition of readiness is presented along with the implications of the definition for research and practice.

A sample of 339 employees embroiled in a major organizational change completed a survey that was designed to explore how specific change messages (e.g. appropriateness, valence, and management support) and change facilitation strategies (participation and training) relate to the perceptions of the change benefits and quality of information conveyed. Results indicated that appropriateness and extrinsic valence were strong predictors of perceptions of change benefits while supervisor support and extrinsic valence most influenced perceptions of information quality. Results further indicated that participation and training were related to perceptions of information quality. However, contrary to our expectations, participation was inversely related to the benefits of the change. These results are discussed in terms of their implications for practitioners and researchers.

Achilles A. Armenakis is the James T. Pursell, Sr. Eminent Scholar in the Department of Management at Auburn University. Achilles has published research on diagnosis, implementation, and evaluation of organizational change. His current research efforts are focused on the readiness, adoption, and institutionalization processes. He is a fellow of the International Academy of Management and of the Southern Management Association.

Volume 16 of Research in Organizational Change and Development highlights several emerging trends in our field and in the world within which our research takes place. The papers that make up this volume hit on some familiar topics, all related to the challenge of invoking, supporting, or measuring organizational change but they also go farther than that. In Volume 16, we see evidence that the issues of concern to leaders and researchers are becoming increasingly global in nature. In order to understand these issues, we must pay attention to cultural differences, and the language that is used during change interventions to set expectations and deal with the myriad issues that threaten to undermine the success of the effort. In this volume too we see that different types of organizations approach change in ways that reflect their unique cultures and contexts. Rather than a one size fits all approach, authors of papers in this volume call for an understanding of these differences among organizational types and their implications for how we approach organizational change. The role of the leader in change is also examined in several papers here. We have known for a long time that leadership is essential during change, but these papers give us a fresh look at what it is that leaders do and say that affects the outcomes achieved. Finally, as always, we see included in Volume 16 some excellent contributions to methodology and research on the topic of change. Each of the papers in Volume 16 is well-crafted, thoughtful and very much worth the time to read.