SUMMARY OF 

WOMEN-OWNED FAMILY BUSINESS IN TRANSITIONAL ECONOMIES

The lack of male entrepreneurs causes women and young women entrepreneurs gain a place in the world. Most of entrepreneurs venturing into this field by led family business in order to examine familial influence on strategic entrepreneurial behaviours, including opportunity recognition and innovativeness. The empirical study on leadership in family firms remains largely unstudied.

Family context may have a special importance for a women entrepreneurs. Many article says that women work-life balance is a more complex and demanding task, involving family embeddedness as the main issue. Family involvement on entrepreneurial orientation and growth and at the same time decrease the influence of risk taking on growth. In the family business context, researchers have found that family firms are less inclined to undertake risk, perhaps because the survival of firm is of utmost importance. This seems to be especially true in emerging and underdeveloped economies.

The motivation of entrepreneurs has been shown as an important factor associated with superior firm performance static personality characteristics and other individual traits have not been proven less effective at predicting performance. This is a process of perceiving a possibility to and in both cases, new profit potential emerges. Similarly, innovatives is perceives as a highly relevant component of entrepreneurial orientation in the family firm context.

Examining the influences on innovative behaviour in family firms can contribute to our understanding on how these business strategically prepare for and implement and new inovations. Competitive environments sustainable strategic advantages. Instead, competitive advantages arise from a family firm’s capability to constantly redeploy, reconfigure, rejuvenate, and innovate their capabilities in responding to the changing environmental conditions.

(THE JOURNAL URL)

https://innovation-entrepreneurship.springeropen.com/articles/10.1186/2192-5372-3-8