Abstract
This study explores how successors in long-lived family firms learn entrepreneurial mindsets that orient the reconfiguration of unique resources of family firms. Learning to shape business values and beliefs is important for successors because values and beliefs are the firms' core related to organizational identity and culture. Entrepreneurial mindsets are values and beliefs that pursue opportunities. Our previous research about long-lived family firms showed that entrepreneurial mindsets are one of the elements learned from transgenerational family knowledge and that successors have complex learning of explicit and tacit knowledge. This research to deepen entrepreneurial mindsets is a case study of semi-structured interviews with family managers of 15 family firms — nine firms of several sectors in Hokuriku district and six traditional food sector firms — over 100 years since their establishment in Japan. The results show three types of learning for entrepreneurial mindsets.
Learning entrepreneurial mindsets from transgenerational family knowledge.
Recognizing the constrictive resource value of the family business and forming entrepreneurial mindsets from self-learning or external experience forward retrieve of the family business.
Recognizing VRIN (Valuable, Rare, In-imitable, and Non-substitutable) resources of the family business and learning conservative mindsets to maintain current resources.
The transgenerational transfer of family values is a key factor in the persistence of a family business. In addition, forming an entrepreneurial mindset of the successor derived from concern for the decline of the family business provides resilience to the longevity of a family business.
Author Information
Koichi Chujo, Japan Advanced Institute of Science and Technology, Japan
Rihyei Kang, Hosei University, Japan
Paper Information
Conference: ACE2023
Stream: Learning Experiences
This paper is part of the ACE2023 Conference Proceedings (View)
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To cite this article:
Chujo K., & Kang R. (2024) Learning of Successors in Long-Lived Family Firms: Knowledge Construction for Entrepreneurial Mindsets ISSN: 2186-5892 The Asian Conference on Education 2023: Official Conference Proceedings https://doi.org/10.22492/issn.2186-5892.2024.34
To link to this article: https://doi.org/10.22492/issn.2186-5892.2024.34
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