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Experiencing Family Business Creation: Differences Between Founders, Nonfamily Managers, and Founders of Nonfamily Firms

Authors

  • Michael H. Morris,

    Corresponding author
    1. Oklahoma State University
      Michael H. Morris, tel.: (405) 744-5357; e-mail: mhm@okstate.edu, to Jeffrey A. Allen at jallen@bus.ucf.edu, to Donald F. Kuratko at dkuratko@indiana.edu, and to David Brannon at dlbranno@syr.edu
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  • Jeffrey A. Allen,

    Corresponding author
    1. University of Central Florida
      Michael H. Morris, tel.: (405) 744-5357; e-mail: mhm@okstate.edu, to Jeffrey A. Allen at jallen@bus.ucf.edu, to Donald F. Kuratko at dkuratko@indiana.edu, and to David Brannon at dlbranno@syr.edu
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  • Donald F. Kuratko,

    Corresponding author
    1. Kelley School of Business, Indiana University-Bloomington
      Michael H. Morris, tel.: (405) 744-5357; e-mail: mhm@okstate.edu, to Jeffrey A. Allen at jallen@bus.ucf.edu, to Donald F. Kuratko at dkuratko@indiana.edu, and to David Brannon at dlbranno@syr.edu
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  • David Brannon

    Corresponding author
    1. Whitman School of Management, Syracuse University
      Michael H. Morris, tel.: (405) 744-5357; e-mail: mhm@okstate.edu, to Jeffrey A. Allen at jallen@bus.ucf.edu, to Donald F. Kuratko at dkuratko@indiana.edu, and to David Brannon at dlbranno@syr.edu
    Search for more papers by this author

Michael H. Morris, tel.: (405) 744-5357; e-mail: mhm@okstate.edu, to Jeffrey A. Allen at jallen@bus.ucf.edu, to Donald F. Kuratko at dkuratko@indiana.edu, and to David Brannon at dlbranno@syr.edu

Abstract

An experiential perspective for examining family business creation is introduced. As a “lived experience,” the family firm generates a cumulative series of interdependent events that takes on properties rooted in affect. The family business is a context that enables unscripted temporal performances by founders. Characteristics of the venture creation experience are examined, and underlying dimensions are proposed and empirically investigated. Building on social capital theory, differences in experiences between founders of family businesses, nonfamily managers, and founders of nonfamily ventures are explored. These differences are argued to have important implications for decision making and ongoing dynamics within the family firm.

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