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Full-Text Articles in Business
Founding Family Leadership And Industry Profitability, Trond Randoy, Clay Dibrell, Justin Craig
Founding Family Leadership And Industry Profitability, Trond Randoy, Clay Dibrell, Justin Craig
Justin B. Craig
In this article, we argue that firms in high-margin industries can benefit from founding family influence. Specifically, in more profitable markets, the influence of the founding family provides an additional corporate governance-monitoring function. The sample consists of 294 firm-year observations from 98 publicly traded companies headquartered in Sweden, representing approximately half of all nonfinancial traded firms. Our support that the effect of family leadership in publicly held firms should be assessed in relation to the intensity of industry competition.
Factors Critical In Overcoming The Liability Of Newness: Highlighting The Role Of Family, Clay Dibrell, Justin Craig, Ken Moores, Aaron Johnson, Peter David
Factors Critical In Overcoming The Liability Of Newness: Highlighting The Role Of Family, Clay Dibrell, Justin Craig, Ken Moores, Aaron Johnson, Peter David
Justin B. Craig
With a focus on the role of family, we explore factors critical in enabling start-up ventures to attain legitimacy and overcome the liability of newness. Drawing from multiple interviews with leaders of seven start-up ventures, we investigate the function of a variety of factors [e.g., family, distributors, financial supporters, etc.] deemed critical in attaining venture legitimacy. To validate our findings, we conducted additional interviews with three established family ventures. Our discussion highlights the role of family as a legitimizing strategy and provides an increased awareness of how internal and external resources are leveraged by the start-up to gain legitimacy.
“Information Literacy, Changing Spaces, And Changing Sessions", Kelly Evans, Hal Kirkwood
“Information Literacy, Changing Spaces, And Changing Sessions", Kelly Evans, Hal Kirkwood
Hal P Kirkwood Jr
Poster Session for Academic Libraries of Indiana Annual Meeting.
Brian Fritton (Com ’10) – Tech@Cost, Inc.
Brian Fritton (Com ’10) – Tech@Cost, Inc.
Dr. Harold Welsch
Another student who enrolled at DePaul primarily because of the Coleman Center, Brian currently operates Tech@Cost on a full-time basis with a business partner. The company sells business technology equipment and software at distributor-direct, wholesale cost by leveraging formal negotiated relationships with the nation’s largest distributors. Brian received extensive coaching from the Coleman Center during his four years at DePaul, involving three different ventures. In late 2008, he was introduced by the Center to a well-known local angel investor, who ultimately invested $150,000 in mid-2010. Brian continues to be advised by two members of the Coleman Center advisory board, and …
Kris Swanberg (M.S. Ed. ’10) – Nice Cream Chicago
Kris Swanberg (M.S. Ed. ’10) – Nice Cream Chicago
Dr. Harold Welsch
Nice Cream produces and sells hand-crafted, organic ice cream in over 20 retail locations throughout Chicago. Having learned about the Coleman Center only six months before graduating, Kris took an elective entrepreneurship course, second place in the 2010 Launch DePaul competition, and some last-minute coaching. Along the way, she made two important connections for her company – one was with a potential investor who inquired about the possibility of taking Nice Cream national, and the other was with the local food buyer for Whole Foods, which led to Nice Cream’s placement in three area stores. Today, Kris employs one other …
Reid Lappin (Com ’10) – Vokal Interactive, Llc
Reid Lappin (Com ’10) – Vokal Interactive, Llc
Dr. Harold Welsch
After attempting a couple different business ideas while at DePaul, Reid discovered a business opportunity with VOKAL, which builds custom mobile applications for businesses. One year after graduating, he employs 10 full-time people and will break $1 million in revenue. Reid made several important connections at Coleman Center networking events, and in early 2010 was featured in a CNBC documentary about the dramatic growth of the mobile application industry. Reid is a member of the eMerge Alumni Council.
The Transgenerational Family Effect On New Venture Growth Strategy., D. Pistrui, Patrick J. Murphy, A. Deprez-Sims
The Transgenerational Family Effect On New Venture Growth Strategy., D. Pistrui, Patrick J. Murphy, A. Deprez-Sims
Patrick J. Murphy
We examine family-based resiliencies and transgenerational phenomena in family business contexts and introduce the transgenerational family effect (TFE) construct. The TFE influences long-term strategy and culture in family-based entrepreneurial ventures. We clarify the boundaries of the construct based on evidence from 414 cases in the panel study of entrepreneurial dynamics. Then, we operationalise it with two-by-two permutations of family membership and strategic tradition. Finally, we develop and assess hypotheses about venture strategic vision, growth orientation and wealth orientation. Our findings suggest that the TFE promotes vision and wealth creation across generations in family businesses