Exit and Resource Management in a Family Business Portfolio

• 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.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

Nyckelord

Business exit

Family firms

Legacy business

Portfolio entrepreneurship

Resource management

Resource recycling

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