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Journal ArticleDOI

Emotional embeddedness: a process of becoming a small business owner

15 Jul 2016-International Journal of Management Concepts and Philosophy (Inderscience Publishers (IEL))-Vol. 9, Iss: 2, pp 120-143
TL;DR: In this paper, the authors examined the circumstances that prompt individuals to become small business owners using qualitative research, grounded theory approach, and with the help of narratives, they built on Elster's (1998) characteristics of emotions, namely, cognitive antecedents, intentional objects, physiological arousals, valence, and action tendencies.
Abstract: This study examines the circumstances that prompt individuals to become small business owners. Using qualitative research, grounded theory approach, and with the help of narratives, this study builds on Elster's (1998) characteristics of emotions, namely, cognitive antecedents, intentional objects, physiological arousals, valence, and action tendencies. The findings of this study suggest that an individual becomes a small business owner because of the various emotional experiences in his/her childhood caused by interaction with family members.
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TL;DR: In this article , the authors investigated negotiated labour market flexibility in small hazardous firms in the context of increased immigrant labourers and the nonavailability of the local labour force, and found a socially constructed interdependence between them, stemming from mutual reciprocity.
Abstract: ABSTRACT We investigated negotiated Labour Market Flexibility (LMF) in small hazardous firms in the context of increased immigrant labourers and the non-availability of the local labour force. Extant literature discussed negotiation between the employer and employees, only if the firm satisfies the following conditions: firm-specificity, employee categorisation into core-periphery, and shared ethnic identities between the employees and employer. However, in this study, we broke away from these conditional boundaries, and used the Grounded theory to capture both entrepreneurs’ and employees’ views. Interestingly, we found a socially constructed interdependence between them, stemming from mutual reciprocity. The findings offer significant implications for substantive theory and practice in the realm of LMF in general, and negotiated flexible work arrangements in particular.
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TL;DR: This paper explored the influence of various dimensions of socio-emotional wealth (SEW) on strategic decisions in family firms and found that SEW dimensions like family control and influence on business and emotional attachment with family members are having a significant impact on family firms.
Abstract: Family firms give priority to non-financial objectives, also known as socio-emotional wealth (SEW), during the strategic decision-making process. While some research has been performed on the impact of socio-emotional wealth (SEW) as a single construct on specific strategic choices taken by family firms, a gap exists in understanding the influence of SEW as a multidimensional construct on the strategic decisions made. The purpose of this paper is to explore the influence of various dimensions of SEW on strategic decisions in family firms. Multiple case study approach was adopted to analyse seven cases from family businesses of different size and complexity. Data were obtained using semi-structured interviews from Indian family firms. Findings suggest that SEW dimensions like family control and influence on business and emotional attachment with family members are found to be having a significant impact on strategic decisions in family firms.