Online from: 2011
Subject Area: Enterprise and Innovation
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|Title:||Editorial: The evolving field of family business|
|Author(s):||Lorna Collins, (Bristol Business School, University of the West of England, Bristol, UK), Nicholas O'Regan, (Bristol Business School, University of the West of England, Bristol, UK)|
|Citation:||Lorna Collins, Nicholas O'Regan, (2011) "Editorial: The evolving field of family business", Journal of Family Business Management, Vol. 1 Iss: 1, pp.5 - 13|
|Keywords:||Competitive advantage, Family business|
|Article type:||Research paper|
|DOI:||10.1108/20436231111122245 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||The Editors would like to place on record their appreciation to all the authors for their contributions to this inaugural issue, as well as to anonymous referees in the double-blind review process for their constructive comments. They would also like to acknowledge the members of the Editorial Board who have contributed to the launch of the journal and who continue to provide input through the journal community. To become a member of the community is quick and easy. Simply register to join at the following website. http://journalfamilybusinessmanagement.ning.com|
Purpose – This editorial seeks to provide an outline and reasoning for the launch of the new
Design/methodology/approach – This article is an editorial with commentary on the family business subject area. It provides discussion about what is a family business; discusses the growth in family business studies; and highlights the need for family businesses to focus on competitive advantage.
Findings – Family business has evolved significantly over the past decade and today it is a well accepted and respected field of enquiry. In gaining academic acceptance, it has retained its practitioner roots. The paper argues that it is time for a re-think because the focus of previous family business research has become somewhat convoluted with small- and medium-scale enterprises research (at least in the UK) and with particular parts of the family business rather than the entire family business system.
Research limitations/implications – The paper argues that it is still the case that the proportion of family-business-related journals in relation to all business journals is small. Family businesses constitute the majority of global businesses and their contribution to the global economy is significantly greater than non-family-owned businesses. However, academic research on family businesses is still a new field less than 30 years old with many subjects and topics yet to be explored. This paper describes the approach the
Practical implications – To continue its impressive upward trajectory, family business management and research needs to embrace new theoretical perspectives and approaches, particularly those that come from disciplines such as psychology, that at the moment have tenuous links to family business studies. It also needs to embrace learning that can be gained from practitioners and develop a useful discourse between stakeholder groups in the family business community.
Originality/value – This article highlights the contribution that this new journal brings to the family business subject area and defines the gap that it aims to fill. It will be useful for academics, researchers and family business practitioners, policy makers and professional business advisors.
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