The growth of business groups by habitual entrepreneurs: the role of entrepreneurial teams

Donato Iacobucci (iacobucci@univpm.it) and Peter Rosa (peter.rosa@ed.ac.uk)
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Peter Rosa: Centre for Entrepreneurship Research, Management School & Economics, University of Edinburgh

No 904, Working Papers from c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione

Abstract: Previous research demonstrates that entrepreneurial processes underpin the growth of business groups. A business group is a set of companies controlled by the same entrepreneur. Case studies of portfolio entrepreneurs suggest that one of the main reasons for business group formation is the need to create an entrepreneurial team, which is achieved by giving minority shares in the new ventures to others, mainly former employees. This enhances the portfolio entrepreneur’s ability to grow and diversify the businesses under their control. The paper identifies and discusses the different types of entrepreneurial teams developed by portfolio entrepreneurs, and their dynamics.

Keywords: Business groups; entrepreneurship; entrepreneurial teams (search for similar items in EconPapers)
JEL-codes: L25 L26 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2009-08, Revised 2009-11
New Economics Papers: this item is included in nep-bec, nep-ent and nep-sbm
References: Add references at CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:cme:wpaper:0904

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