- Oxford Library of Psychology
- The Oxford Handbook of Creativity, Innovation, and Entrepreneurship
- Oxford Library of Psychology
- About the Editors
- Introduction: Integrating Creativity, Innovation, and Entrepreneurship to Enhance the Organization’s Capability to Navigate in the New Competitive Landscape
- Leadership and Creativity: The Mechanism Perspective
- Empowerment and Employee Creativity: A Cross-Level Integrative Model
- Rewards’ Relationship to Creativity, Innovation, and Entrepreneurship
- Entrepreneurial Creativity: The Role of Learning Processes and Work Environment Supports
- An Identity Perspective on Creative Action in Organizations
- Psychological Bricolage: Integrating Social Identities to Produce Creative Solutions
- The Role of Antagonism in the Identities of Professional Artistic Workers
- Play, Flow, and Timelessness
- The Mood and Creativity Puzzle
- Does Passion Fuel Entrepreneurship and Job Creativity?: A Review and Preview of Passion Research
- Creativity in Teams: A Key Building Block for Innovation and Entrepreneurship
- Social Networks, Creativity, and Entrepreneurship
- A Cross-Level Perspective on Creativity at Work: Person-in-Situation Interactions
- Ethics and Creativity
- A Cross-Cultural Analysis of Creativity
- Is All Creativity Created Equal?: Exploring Differences in the Creativity Processes Across the Creativity Types
- Organizing Creativity: Lessons From the Eureka! Ranch Experience
- Business Innovation Processes
- Innovating Without Information Constraints: Organizations, Communities, and Innovation When Information Costs Approach Zero
- Product-to-Platform Transitions: Organizational Identity Implications
- Business Model Innovation: Toward a Process Perspective
- Institutional Innovation: Novel, Useful, and Legitimate
- Dynamic Managerial Capabilities: A Perspective on the Relationship Between Managers, Creativity, and Innovation in Organizations
- Prigogine’s Theory of the Dynamics of Far-From-Equilibrium Systems: Application to Strategic Entrepreneurship and Innovation in Organizational Evolution
- Why Aren’t Entrepreneurs More Creative?: Conditions Affecting Creativity and Innovation in Entrepreneurial Activity
- Entrepreneurship as Emergence
- Corporate Entrepreneurship: Accelerating Creativity and Innovation in Organizations
- Entrepreneurial Identity and Resource Acquisition: The Role of Venture Identification
- Socioemotional Wealth: An Obstacle or a Springboard to Creativity, Innovation, and Entrepreneurship in Family Firms?
Abstract and Keywords
This chapter takes a socioemotional wealth (SEW) perspective to explain how families influence the sensing and seizing of entrepreneurial opportunities in family firms. Specifically, this model proposes that some aspects of the family’s SEW are conducive to opportunity recognition, while others impair it. Moreover, the presence of SEW goals leads family owners to favor certain entrepreneurial outcomes because there is a socioemotional reward for the family, even if there are no clear economic advantages. It is also suggested that family ownership negatively affects firms’ transforming capacity in innovation. The end goal of this presentation is to enhance understanding of the positive and negative aspects of the family dimension on entrepreneurship and to guide future research in this area.
Cristina Cruz, IE Business School, Madrid, Spain
Shainaz Firfiray, Organisation & HRM, University of Warwick, Coventry, United Kingdom
Marianna Makri is an Associate Professor of Management at the University of Miami.
Luis Gomez-Mejia is a Professor and Benton Cocanougher Chair in Business at Mays Business School at Texas A&M University.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.