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Entrepreneurship and resource orchestration of family owned real estate firms in times of economic change
University of Skövde, School of Business. University of Skövde, Organising for Sustainable Development Research Environment. (Strategic Entrepreneurship (StrEnt))ORCID iD: 0000-0002-8337-3472
University of Borås, Sweden.
University West, Sweden.ORCID iD: 0000-0001-5408-413X
School of Business, Economics and IT, University West, Sweden.
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2024 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Objectives – the purpose of this paper is to explore how family-owned real estate firm managers entrepreneurially orchestrate their resources to enable firm strategy in an environment characterized by uncertainty. Literature – based on the seminal work of Sirmon et al. (2007, 2011) on resource orchestration (RO), this study advances the research of Chirico et al. (2011), among others, on how the family dimension influences family firm managers' RO for strategic enabling.Approach – this paper draws on a case study using 21 interviews with family firm managers and archival data from family-owned Swedish real estate firmsResults – The results indicate how the family dimension in family-owned real estate firms influence family firm managers’ strategic RO.Implications and Value - Three family-based strategic enabling mechanisms and their underlying microfoundations are identified, explaining how real estate family firm managerial RO configurations are shaped: (1) flexible network structuring, (2), incremental flexibility and tenant focus bundling, and (3) cautious and societal flexible leveraging. The manifestation of these RO configurations highlights how managers of family-owned real estate firms can facilitate firm strategy in conditions of economic uncertainty.

Place, publisher, year, edition, pages
2024.
National Category
Social Sciences Business Administration
Research subject
Strategic Entrepreneurship
Identifiers
URN: urn:nbn:se:his:diva-24846OAI: oai:DiVA.org:his-24846DiVA, id: diva2:1929183
Conference
RENT 2024, The Multiple Faces of Entrepreneurship: Embracing the Diversity of Ambitions, Processes and Practices Worldwide, (13) 14-15 November, Nantes, France
Note

Block 3 - Session 14 - Critical perspectives on entrepreneurship Fri, November 15

Torbjörn Ljungkvist, Lecturer in Business Administration, University of Skövde, School of Business; Urban Österlund, Assistant professor, University of Borås; Jim Andersén, University West; Maria Hedelius, Ph.D. Candidate School of Business, Economics and IT, University West; Christoffer Axell, Lecturer in Business Administration, University of Skövde, School of Business

Available from: 2025-01-20 Created: 2025-01-20 Last updated: 2025-09-29Bibliographically approved

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https://rent-conference.org/rent-2024https://www.xcdsystem.com/eiasm/program/Zu3x14N/index.cfm?pgid=2749&RunRemoveSessionFilter=1

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Ljungkvist, TorbjörnAndersén, JimAxell, Christoffer

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