Exit and Resource Management in a Family Business Portfolio

Naveed Akhter () and Xavier Lesage ()
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Naveed Akhter: Jönköping International Business School (JIBS)
Xavier Lesage: ESSCA School of Management

Chapter Chapter 4 in The Palgrave Handbook of Managing Family Business Groups, 2023, pp 65-79 from Springer

Abstract: Abstract Exit is a vital element of the entrepreneurial process. It becomes explicitly more multifaceted in family business portfolios due to the complex nature of the business portfolios. Research on family business portfolios has explored the role of resources. However, there is a dearth of studies on how family business portfolios manage resources through exited businesses. Drawing on the case study research approach and following cases from Pakistan, our study led us to report three key insights: (1) Family owners re-direct the resources back to the business portfolio while exiting subsequent businesses to restructure their overall portfolio; (2) They manage resources to provide the next generation with the opportunity to start businesses that follow their passion and renew the business portfolio with a new set of ideas; (3) They manage resources through recycling of the family business portfolios in times of crisis, enabling the business to withstand critical times.

Keywords: Business exit; Portfolio entrepreneurship; Resource management; Resource recycling; Family firms; Legacy business (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-13206-3_4

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DOI: 10.1007/978-3-031-13206-3_4

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