Family Slack: A Catalyst for Resilience and Digital Transformation in Family Businesses

Efthymios Timos Daskalopoulos and Ondřej Machek

Journal of Entrepreneurship and Innovation in Emerging Economies, 2025, vol. 34, issue 2, 304-329

Abstract: We review and reconceptualise family slack resources, encompassing the excess of family unique resources, either absorbed or not allocated, as a fundamental driver of family business resilience. Drawing on the resource-based view and the concept of ‘familiness’, we develop theoretical arguments for the existence of family financial, human, social and cultural slack and establish a framework for understanding family firms’ unique position in this context. We extend the framework of family slack resources, presenting the case of leveraging untapped resources in the digital transformation process in a family business context. We link the subdimensions of family slack resources with specific digital transformation enablers and develop propositions highlighting family businesses’ unique position in this resource-intensive process.

Keywords: Family business; slack resources; family slack; digital transformation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/09713557251349963 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jouent:v:34:y:2025:i:2:p:304-329

DOI: 10.1177/09713557251349963

Access Statistics for this article

More articles in Journal of Entrepreneurship and Innovation in Emerging Economies from Entrepreneurship Development Institute of India
Bibliographic data for series maintained by SAGE Publications ().