Mining the Past: History Scripting Strategies and Competitive Advantage in a Family Business
Осмысление прошлого: стратегии конструирования истории и конкурентное преимущество семейного бизнеса
2021-10-05
SCID: 54.1/wdba7rva
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competitive advantageentrepreneurial family historyfamily businesshistory scripting strategiesrhetorical history
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Abstract (AI)
History is increasingly recognized as a distinctive source of competitive advantage for family businesses. Taking a rhetorical history perspective, we study how a family business leveraged the family’s three generations long history of entrepreneurship to sustain profitable growth over 16 years. Through our analysis, we identify three history scripting strategies—embedding, elaborating, and building family history—that created important sources of competitive advantage for the family business, facilitating acceptance by broader communities, building a reputation of continuity, and inspiring innovation through tradition. These findings advance the history-informed understanding of family firms’ idiosyncratic sources of superior performance.
Key Findings
1
A family business sustained profitable growth over 16 years by leveraging its three-generation history of entrepreneurship.
2
History scripting helped establish a reputation of continuity while also inspiring innovation through tradition.
3
The findings show how family history can function as an idiosyncratic source of superior performance in family firms.
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The study identifies three history scripting strategies: embedding, elaborating, and building family history.
5
These strategies created competitive advantage by facilitating acceptance within broader communities and strengthening the firm’s legitimacy.
Research Object
a family business leveraging its three-generations-long history of entrepreneurship
Research Subject
history scripting strategies—embedding, elaborating, and building family history—and their role in sustaining profitable growth and creating competitive advantage
Publication Details
Publication Date
2021-10-05
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