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Articles 1 - 18 of 18
Full-Text Articles in Other Business
Twin Brothers In Arms Learn The Family Business, Justin Craig, Wayne Irava, Ken Moores
Twin Brothers In Arms Learn The Family Business, Justin Craig, Wayne Irava, Ken Moores
Justin B. Craig
ExtractIn this case, Moores and Barrett’s (2002) family business learning and life cycle framework has been used as the foundation, along with entrepreneurialorientation (EO) (Lumpkin and Dess 1996; Miller 1983) and the resource-based view of the firm (RBV) (Mahoney and Pandian 1992; Peteraf 1993; Wernerfelt 1984), for a review of an intriguing Australian second generation migrant family business.
Legitimizing The Natural Environment In Smes: A Strategic Issue Interpretation Perspective (Summary), Clay Dibrell, Justin Craig
Legitimizing The Natural Environment In Smes: A Strategic Issue Interpretation Perspective (Summary), Clay Dibrell, Justin Craig
Justin B. Craig
How do businesses legitimize their natural environmental strategic initiatives? In this research, we are concerned with how managerial interpretations of natural environmental issues predict natural environmental strategic action related to firm innovativeness in SMEs. Results from this study will provide managers with a greater understanding of the benefits from a natural environmental initiative. The research questions that are addressed include: (1) Does the legitimization of the natural environment in an SME positively affect firm innovativeness? (2) What benefits are associated with socially embedding natural environmental policies? and (3) How do the strategic issue and social embeddedness theories predict how a …
Accession Tournaments: The Application Of A Game Theory Derivative To The Multi-Dimensional Family Business Accession Process (Interactive Paper), Justin Craig, Clay Dibrell
Accession Tournaments: The Application Of A Game Theory Derivative To The Multi-Dimensional Family Business Accession Process (Interactive Paper), Justin Craig, Clay Dibrell
Justin B. Craig
We argue that the recent governance and professionalization focus in family business research conversations, while helpful in understanding succession, and family businesses in general, needs to be complemented with a theoretical discussion of the multi-dimensional accession process. We contend that this process is multi-dimensional as, unlike in a corporate setting where the incumbent is succeeded by a suitable successor, multi-generational family businesses are more complex and there is potentially a plethora of positions of influence for which actors can compete. We use tournament theory to propose how family actors will act in accession tournaments and propose that the absence of …
Overcoming The Liability Of Theoretical Newness: The Case For Stewardship Theory (Summary), Justin Craig, Clay Dibrell, Donald Neubaum
Overcoming The Liability Of Theoretical Newness: The Case For Stewardship Theory (Summary), Justin Craig, Clay Dibrell, Donald Neubaum
Justin B. Craig
To overcome stewardship theory’s liability of newness, we introduce a validated and reliable measure for stewardship. Using Dubin’s features of a theoretical model to position stewardship theory, we endeavour to take a structured approach in the Kuhn-characterised normal science stage of entrepreneurship. There is a danger that stewardship theory currently bears many of the hallmarks of a summative unit (in Dubin’s terms), where a summative unit is one that can be referred to as a global unit that stands for an entire complex phenomenon; conveys a great deal of meaning but is always diffuse; draws together a number of different …
A Framework For Understanding Opportunity Recognition: Entrepreneurs Versus Private Equity Financiers, Noel Lindsay, Justin Craig
A Framework For Understanding Opportunity Recognition: Entrepreneurs Versus Private Equity Financiers, Noel Lindsay, Justin Craig
Justin B. Craig
The issue of opportunity recognition, as opposed to opportunity evaluation, has received far less attention. Yet it is opportunity recognition that often drives deals. This article presents and tests six hypotheses on opportunity recognition against a sample of 262 respondents divided among financiers and entrepreneurs. The hypotheses measure the differences between respondents' views on the following topics: alertness to opportunities; creativity and idea generation; search process and strategies; causes of opportunities; opportunity sources; evaluation; and “feel.” In general, both groups had similar responses, but several interesting differences were discovered.
How Managerial Attitudes Toward The Natural Environment Affect Market Orientation And Innovation, Clay Dibrell, Justin Craig, Eric Hansen
How Managerial Attitudes Toward The Natural Environment Affect Market Orientation And Innovation, Clay Dibrell, Justin Craig, Eric Hansen
Justin B. Craig
This study investigates natural environmental attitude linkages held by strategic decision makers and hypothesizes that the interaction between market orientation and managerial natural environmental attitudes serves to enhance the effect of market orientation on firm innovativeness. Using questionnaire responses from 284 owners or chief executive officers residing in the food processing industry, the findings establish evidence of (1) a positive linkage between market orientation and firm innovativeness, and (2) the moderating effect of managerial attitudes of top managers toward the natural environmental in the market orientation to firm innovativeness relationship. The results provide insight into the nature of the cultural …
Stars Under The Southern Cross: The Untold Stories Of Queensland Family Businesses, Noel Lindsay, Justin Craig
Stars Under The Southern Cross: The Untold Stories Of Queensland Family Businesses, Noel Lindsay, Justin Craig
Justin B. Craig
This book, a Centenary of Federation celebration project, contains many Queensland family business stories that had been forgotten for one reason or another. Stories of hardship, of sadness, of joy and of success, as well as some failures. There are stories of families and businesses that have gone on to become household names both in Australia and overseas. The stories come from all regions of Queensland and all industries are represented, such is the scope of the family business community. Stories from Queensland’s family businesses could fill many books like this one. There are many more families who have contributed …
Understanding Family Enterprise: A Book Of Readings, Ken Moores, Justin Craig
Understanding Family Enterprise: A Book Of Readings, Ken Moores, Justin Craig
Justin B. Craig
This collection of papers, written over a span of about 16 years by researchers associated with the Australian Centre for Family Business (ACFB) at Bond University highlight diversity in family business scholarship. Diversity not only with respect to topics but also the range of audiences to which the various communication messages were delivered is indicative of an area of emerging scholarship. The purpose of the collection is primarily to chronicle the distinctive learning experiences of ACFB researchers rather than be a comprehensive coverage of all aspects of family enterprises.
The Impact Of Firm Natural Environment Policy On The Market Orientation To Innovation Relationship In Smes (Interactive Paper), Clay Dibrell, Justin Craig, Eric Hansen
The Impact Of Firm Natural Environment Policy On The Market Orientation To Innovation Relationship In Smes (Interactive Paper), Clay Dibrell, Justin Craig, Eric Hansen
Justin B. Craig
As the natural environment emerges as a strategic issue, conceptual linkages are leading to empirical investigations that examine the antecedents and effects of incorporating the natural environment into firm processes such as market orientation and entrepreneurial behaviors. This project is part of an ongoing research agenda that examines the role of the natural environment in new and growing ventures. Specifically, in this paper, the research questions investigated are: How do small-to-medium sized firms (SMEs) incorporate natural environment issues in relation to the way they present themselves to, and receive information from, their customers and competitors (i.e., market orientation)?; and, How …
The Road To Legitimacy: A Study Of Startups And Their Established Competitors In The Australian Wine Industry (Summary), Clay Dibrell, Aaron Johnson, Peter Davis, Ken Moores, Justin Craig
The Road To Legitimacy: A Study Of Startups And Their Established Competitors In The Australian Wine Industry (Summary), Clay Dibrell, Aaron Johnson, Peter Davis, Ken Moores, Justin Craig
Justin B. Craig
A barrier to startup success is the liability of newness. One strategy to overcome this obstacle is through gaining venture legitimacy. Legitimacy is defined as acceptance, suitability, and appeal of the startup as judged by external and internal stakeholders such as the marketplace, industry competitors, and employees. Through attainment of legitimacy, a startup now has increased opportunities to access resources required for survival and growth. Drawing from institutional theory, a startup should heed external institutional forces and adapt to isomorphic pressures to gain legitimacy in an industry. Alternatively, a resource-based view perspective suggests that internal coordination and marshaling of resources …
The Natural Environment, Innovation And Firm Performance: A Comparative Study, Justin Craig, Clay Dibrell
The Natural Environment, Innovation And Firm Performance: A Comparative Study, Justin Craig, Clay Dibrell
Justin B. Craig
In this article, we investigate the effect of firm-level natural-environment-related policies on innovation and financial performance in family and nonfamily firms. Our findings demonstrate that family firms are better able to facilitate environmentally friendly firm policies associated with improved firm innovation and greater financial performance more effectively than their nonfamily competitors.
Entrepreneurship Education: Towards A Discipline-Based Framework, Debra Johnson, Justin Craig, Ryan Hildebrand
Entrepreneurship Education: Towards A Discipline-Based Framework, Debra Johnson, Justin Craig, Ryan Hildebrand
Justin B. Craig
Purpose – The purpose of this exploratory research was to investigate whether: entrepreneurship in the higher education context can be distinguished by disciplined-based needs; and curricula can be developed around these needs. Design/methodology/approach – The authors reviewed the literature related to the development of professions in order to establish a sound theoretical base to distinguish disciplines that require stringent criteria, and which potentially would challenge the introduction of a more flexible curriculum that includes contemporary concepts such as entrepreneurship. The research then focused on two other groups of disciplines which lead to entrepreneurial opportunities with distinct needs in (principally) people …
Establishing Individual Differences Related To Opportunity Alertness And Innovation Dependent On Academic-Career Training, Justin Craig, Debra Johnson
Establishing Individual Differences Related To Opportunity Alertness And Innovation Dependent On Academic-Career Training, Justin Craig, Debra Johnson
Justin B. Craig
Purpose – The purpose of this research was to investigate using the seminal writings of Schumpeter and Kirzner as a guide – individuals who are potentially involved in entrepreneurship can be identified as being innovators or opportunity-alert. Specifically, this exploratory project attempts to answer the following question: “Are some individuals better at being innovators, while others are better able to recognize entrepreneurial opportunities and, if so, does academic-career training matter?” Design/methodology/approach – The study relied on purposive sampling and received survey responses from postgraduate students in business and engineering. The 26-item survey was made up of demographic indices and questions …
From Vision To Variables: A Scorecard To Continue The Professionalization Of A Family Firm, Ken Moores, Justin Craig
From Vision To Variables: A Scorecard To Continue The Professionalization Of A Family Firm, Ken Moores, Justin Craig
Justin B. Craig
This chapter builds on previous projects we have conducted that have concentrated on the key areas of corporate governance and strategic planning in family business. Whereas our previous projects have enlisted an additive approach (that saw the family perspective added to the business), this current research takes on an integrated approach and seeks to integrate issues that influence the family and business systems. Specifically, in this research we use innovation action research (Kaplan, 1998) to illustrate how the Balanced Scorecard that includes reference to family business challenges has been introduced and used to assist family members, board members and management …
Working With Family Business: A Content Validity Study Of The Aspen Family Business Inventory, S. Moncrief, J. Paul, Justin Craig
Working With Family Business: A Content Validity Study Of The Aspen Family Business Inventory, S. Moncrief, J. Paul, Justin Craig
Justin B. Craig
No abstract provided.
Linking Transgenerational Value Creation With Natural Environment And Sustainability Policy In Family And Non-Family Owned Firms: Extending The Agency-Stewardship Theory Debate, Justin Craig, Clay Dibrell
Linking Transgenerational Value Creation With Natural Environment And Sustainability Policy In Family And Non-Family Owned Firms: Extending The Agency-Stewardship Theory Debate, Justin Craig, Clay Dibrell
Justin B. Craig
In this paper, we extend the existing agency-stewardship theory debate by linking transgenerational value creation with the natural environment. We enlist stewardship and agency theories to frame our discussion. Specifically, a firm with a positive natural environmental sustainability policy (ESP) acts as a proxy for the attributes of stewardship theory, whereas a neutral firm position toward ESP operates as a surrogate for agency theory. We test stewardship theory within the context of non-family (n=175) and family-owned (n=216) firms. Our findings suggest that family-owned firms do exhibit forms of stewardship behavior, while non-family-owned firms displayed propensity toward agency-like actions.
The Professionalization Process: The Dennis Family Corporation Case, Justin Craig, Ken Moores
The Professionalization Process: The Dennis Family Corporation Case, Justin Craig, Ken Moores
Justin B. Craig
Bert and Dawn Dennis were faced with a decision that had to be made and they could not make it on their own. They called a family meeting. They asked their four adult off-spring to decide whether they would prefer them to sell the business that they had built over the past 25 years and divide the funds equally between them or whether the children would prefer to amalgamate their associated businesses with the parent company and take on the challenge of professionalizing this new entity. The four members of the second generation expressed unanimous desire to amalgamate and “make …
An Investigation And Behavioural Explanation Of Family Businesser Functioning, Justin B. Craig
An Investigation And Behavioural Explanation Of Family Businesser Functioning, Justin B. Craig
Justin B. Craig
This research investigated the causes of behavioural difficulties among family businessers in two studies. Study one adapted the evolutionary theory of the firm to the family business context in an empirical study that involved 370 family businessers from 46 families. The study found that: (1) stakeholder cohorts within the family (employed by the business versus not employed by the business; owners of stock versus non stock owners; related to founder versus not related; male versus female) were significantly divided on business direction and planning, the introduction of new routines to the business and various roles, habits, norms and codes that …