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Articles 1 - 16 of 16
Full-Text Articles in 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 …
Desk Rejection: How To Avoid Being Hit By A Returning Boomerang, Justin B. Craig
Desk Rejection: How To Avoid Being Hit By A Returning Boomerang, Justin B. Craig
Justin B. Craig
Manuscripts are desk rejected when they do not fit the mission of the journal or are too underdeveloped to benefit from the review process. In such cases, two members of the editorial team go through the manuscript and provide a developmental letter to author or authors to advance the article further. This helps free up the time of editors and reviewers to concentrate on the most promising manuscripts.
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 …
Incorporating The Family Dynamic Into The Entrepreneurship Process, Justin Craig, Noel Lindsay
Incorporating The Family Dynamic Into The Entrepreneurship Process, Justin Craig, Noel Lindsay
Justin B. Craig
This research furthers our understanding of the interaction between the fields of entrepreneurship and family business. It presents a framework that introduces the family dynamic to Timmons’ driving forces model of entrepreneurship. The framework highlights the influence of the family in the entrepreneurship process and the importance of the fit among the three driving forces and the family. It highlights the importance of, and the pivotal roles played by, outside boards of directors when entrepreneurial activities are undertaken by family businesses. Using extracts from interviews with family and non-family executives and board members, the research employs a single case study …
Being The Boss And Working For A Boss: Upsides And Downsides, Justin Craig, Michael Schaper, Clay Dibrell
Being The Boss And Working For A Boss: Upsides And Downsides, Justin Craig, Michael Schaper, Clay Dibrell
Justin B. Craig
Comparatively, very little of the Household Income and Labour Dynamics (HILDA) data set has been used to analyse the activities of Australian small business owner-operators, even though there are currently some 1.8 million small firms in existence. Using multiple waves of the HILDA survey, in this paper we investigate two important research questions related to life in a small business in Australia. Question one seeks to uncover differences between small business respondents and employees of private sector firms, by examining issues related to (i) life satisfaction, (ii) job satisfaction, (iii) individual priorities, (iv) perceived prosperity, (v) risk preferences, and (vi) …
Overcoming Liability Of Newness Through Legitimacy: A Stakeholder Salience Perspective, Clay Dibrell, Aaron Johnson, Ken Moores, Justin Craig
Overcoming Liability Of Newness Through Legitimacy: A Stakeholder Salience Perspective, Clay Dibrell, Aaron Johnson, Ken Moores, Justin Craig
Justin B. Craig
Findings are presented on how start-up ventures in search of legitimacy are affected by internal and external stakeholders. Additionally, the salience that start-up entrepreneurs place on external and internal stakeholders in pre- and post-start-up legitimacy attainment is studied. Institutional theory, resource-based view of the firm, and stakeholder salience theory inform our discussion. using case and survey research methods nine start-up and three established Australian wineries from eight different regions are studied. Data collection consisted of: (1) semi-structure interviews with owner(s); (2) field research notes; and (3) a validation questionnaire. The findings suggest that start-ups, in this instance wineries, are able …
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 …
Quantifying “Gut Feeling” In The Opportunity Recognition Process, Justin Craig, Noel Lindsay
Quantifying “Gut Feeling” In The Opportunity Recognition Process, Justin Craig, Noel Lindsay
Justin B. Craig
This research used a questionnaire and psychophysiological responses to an investment opportunity proposal to provide insights into the opportunity recognition process. A group of 262 entrepreneurs and financiers responded to the main questionnaire study and six respondents (with an additional three respondents in a control group) were involved in the psychophysiological response pilot study. Based on previous research, it was proposed that opportunity recognition could be divided into two phases. The results provide tentative support for the notion that there are similarities between experienced entrepreneurs and financiers in terms of the first phase of the opportunity recognition process.
A 10-Year Longitudinal Investigation Of Strategy, Systems, And Environment On Innovation In Family Firms, Justin Craig, Ken Moores
A 10-Year Longitudinal Investigation Of Strategy, Systems, And Environment On Innovation In Family Firms, Justin Craig, Ken Moores
Justin B. Craig
This article studies innovation in family firms, filling in some gaps in existent literature. The research addresses the idea of shifting leadership, different mechanisms of facilitating communication, and the importance to the firm of technical progress, linking each to innovation. Shifting leadership is addressed through the longitudinal design. Communication mechanisms are monitored through two constructs: scope of information and timeliness of information. Technical progress is included in an environmental uncertainty factor technoeconomic uncertainty. The findings suggest that linkages between established family firms and innovation may be substantially stronger than currently assumed by many.
Strategically Aligning Family And Business Systems Using The Balanced Scorecard, Justin Craig, Ken Moores
Strategically Aligning Family And Business Systems Using The Balanced Scorecard, Justin Craig, Ken Moores
Justin B. Craig
We take an integrated approach to align issues that influence the family and business, systems. Using innovation action research (Kaplan, 1998) we illustrate how the Balanced Scorecard, that includes reference to family business challenges can be introduced and used to assist family, members, board members and management in a third-generation Australian family-owned business. The process of scorecard development is discussed and the development of the core essence, vision, and mission statements, strategic objectives, measures and targets, which can be scrutinized by family, business stakeholders to ascertain consistency with the vision of the company, is outlined. We suggest, that, in the …
Toward A Better Understanding Of Family Enterprising, Morris Mervyn, Justin Craig
Toward A Better Understanding Of Family Enterprising, Morris Mervyn, Justin Craig
Justin B. Craig
By integrating stewardship theory and entrepreneurial orientation perspectives we contribute to the understanding of the concept of family enterprising. Using excerpts from a single case study we provide insight into how a third generation Australian family has evolved and transformed by embracing the notion of family enterprising, which, we suggest, places them in a strong position for sustainability across generations.
Balanced Scorecards To Drive The Strategic Planning Of Family Firms, Justin Craig, Ken Moores
Balanced Scorecards To Drive The Strategic Planning Of Family Firms, Justin Craig, Ken Moores
Justin B. Craig
The focus of this research is the measurement and management tool known as the Balanced Scorecard (BSC) and how it can be applied in the family business context. In this article we add familiness to the four BSC perspectives (financial, innovation and learning, customer, internal process) and illustrate how this can assist business development, management, and succession planning in family-owned businesses. We use an action research project to highlight how family businesses can professionalize their management by the adoption of a BSC strategy map that includes a family business focus and links the core essence of the family business with …
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.