Family business learning and performance
Pett, Timothy L.
Heileman, Mark D.
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Pett, Timothy L.; Wolff, James; Heileman, Mark D. 2019. Family business learning and performance. International Journal of Entrepreneurship and Small Business, vol. 38:no. 1-2:pp 165-176
This research study examines the relationship of entrepreneurial orientation and learning orientation on the performance of small family businesses. It is proposed that the dimensions of entrepreneurial orientation (innovativeness, proactiveness, and risk-taking) and of learning orientation (commitment and open-mindedness) will be positively related to two dimensions of family business performance (growth and profitability). The study uses a survey method approach for data gathering to test the proposed relationships. Multiple regression analyses were employed using the performance dimensions as the dependent variables. The results suggest that in all cases, innovativeness was not found to explain either performance dimension, while the size of the family business consistently provided a reliable control measure. Furthermore, the results suggest that proactiveness and risk-taking help explain both growth and profitability, and that open-mindedness helps explain profitability. This study contributes to the developing body of small family business literature in the context of learning and performance. The paper concludes with some preliminary findings, conclusions, and recommendations for the future.
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