The purpose of this paper is to adopt a collective perspective in the study of entrepreneurial decision-making processes and empirically analyse the ways in which social relationships between family members can shape their collective entrepreneurial decision-making behaviour ED. This paper considers the family social capital FSC in inducing overall conformity to the focal family member's decision to exploit an opportunity. In terms of the seminal construct of social capital, the authors propose three FSC dimensions that can be used to induce conformity: structural, relational and cognitive dimensions.
Then, the authors design questionnaires to collect data pertaining to the relationships between the family members' ED and the FSC.
Finally, the authors collect valid questionnaires from Chinese family firms. The data analysis consists of two parts. The first section of this paper analyses conformity by testing the discriminant validity of models. Significant relationships between the cognitive dimension of FSC and the entrepreneur's decision-making are found. The research contributes towards academic literature concerning both entrepreneurship and social capital.
On the one hand, this paper is one of the rare pieces of entrepreneurial research that responds to the call for the study of entrepreneurship from a collective perspective. On the other hand, our study quantitatively tests the impact of FSC at a multidimensional level. Wang, C. Report bugs here.
Please share your general feedback. You can join in the discussion by joining the community or logging in here. You can also find out more about Emerald Engage. Visit emeraldpublishing. Answers to the most commonly asked questions here. Abstract Purpose The purpose of this paper is to adopt a collective perspective in the study of entrepreneurial decision-making processes and empirically analyse the ways in which social relationships between family members can shape their collective entrepreneurial decision-making behaviour ED.
Findings The data analysis consists of two parts. Please note you do not have access to teaching notes. You may be able to access teaching notes by logging in via Shibboleth, Open Athens or with your Emerald Account. If you would like to contact us about accessing teaching notes, click the button and fill out the form.As the practice of measuring social impact evolves and gains momentum, companies are increasingly calling for a harmonized approach to measure and value their interactions with people and society.
The Protocol aims to clarify best practices, boost the positive impacts of business, and improve business credibility by integrating the consideration of social impacts and dependencies into performance management and decision-making. Companies are struggling to identify fit-for-purpose approaches to integrating social measurement, management and valuation within their organizations.
Many tools exist and more are emerging; however, they're based on different assumptions, offer different functionalities, suit different purposes, and increasingly compete for uptake. As a result, credibility and comparability suffer. Only by working together can we ensure an outcome with the power to truly transform the way we do business.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. The Challenge Companies are struggling to identify fit-for-purpose approaches to integrating social measurement, management and valuation within their organizations.
The role of social capital and culture on social decision-making constraints: a multilevel investigation Wang, Zhan ; McNally, Regina ; Lenihan, Helena. Date: Publication: European Management Journal;37 2pp. Publication type: Article. Abstract: Social capital is a powerful theory explaining how organisations and their members access resources through relationships. Yet, it is important to examine potential negative consequences, as significant investments are required to build social capital, and indiscriminate promotion of social capital may lead to wasted resources.
Social Capital in Decision Making: KPMG and WBCSD study
The research herein responds to this call by examining a specific negative consequence in cohesive, internally focused groups associated with the bonding perspective of social capital. To investigate the adverse impact of conformity, we employ the construct of social decision-making constraints SDMCwhich refers to perceptions of the extent to which social relationships can control decision-making in an organisational context. Using multilevel structural equation modelling MSEM of nested data from Chinese firms, we test the impact of social capital norm of reciprocity and trust and culture power distance and high—low context on SDMC, and find that reciprocity norms and power distance increase and trust decreases SDMC at both the individual and firm levels, whereas the high—low context operates only at the individual level to increase SDMC.
Compared to previous studies, the current findings offer a more comprehensive understanding of the multilevel impacts of social capital, thus providing evidence that different facets of social capital and culture exert both positive and negative effects on SDMC. Description: peer-reviewed. Size: Format: PDF.
Related items Showing items related by title, author, creator and subject. How does social capital impede innovation? Wang, Zhan University of Limerick Various conceptual and empirical studies demonstrate that social capital is a powerful factor in fostering innovation.
However, most research focuses solely on the benefits of social capital without considering potential Technology policy encompasses a number of different strands but can be sub-divided between institutional support e. Lenihan, Helena ; Hart, Mark This paper examines an approach to estimating the net additionality of financial assistance to indigenously-owned firms in Ireland for the period to Using a sample of Enterprise Ireland assisted-firms an Lenihan, Helena Achieving policy goals often depends crucially on the interactions and interdependencies between different science and innovation policy instruments within a broad policy mix.
This paper examines the complex and dynamic Login Register. Most Popular Items Statistics by Country.
Social capital as a decision aid in strategic decision‐making in service organizations
Theme by. Contact Us Send Feedback.This paper aims to examine the role of social capital as a strategic decision aid in small and medium sized enterprises SMEs in different service sectors. Evaluative judgments risk acceptance and confidence explain the negative effects of social capital on decision effectiveness. The study sheds light on the psychological underpinnings of social capital effects in strategic decisions. Higher varieties of actors make decision makers more tolerant for risk and decrease their confidence, which in turn hampers decision effectiveness.
Previous work on social capital suggests that it is beneficial to outcomes. The literature and policy initiatives also stress the beneficial effects of social capital and networking. Jansen, R. Emerald Group Publishing Limited. Report bugs here. Please share your general feedback. You can join in the discussion by joining the community or logging in here. You can also find out more about Emerald Engage.
Visit emeraldpublishing. Answers to the most commonly asked questions here. Abstract Purpose — This paper aims to examine the role of social capital as a strategic decision aid in small and medium sized enterprises SMEs in different service sectors.
Findings — Evaluative judgments risk acceptance and confidence explain the negative effects of social capital on decision effectiveness. Please note you do not have access to teaching notes.
Entrepreneurial decision-making and family social capital
You may be able to access teaching notes by logging in via Shibboleth, Open Athens or with your Emerald Account. If you would like to contact us about accessing teaching notes, click the button and fill out the form. Contact us. To read the full version of this content please select one of the options below.
You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald Account.Through the course of this study we have gained insights from forward-looking companies and partners who are already tackling this challenge, with a view to better understanding the connection between social capital and business value creation.
The results put the decision-maker at the heart of the issue and illustrate how appropriate social capital information can drive business value by enabling better decision-making. The findings of this study provide the initial building blocks required for the ongoing development of the Social Capital Protocol: a collaborative initiative to produce a harmonized approach for businesses to measure and value their interactions with society that will bring greater rigor and consistency to companies' efforts in this space.
As the Social Capital Protocol is developed and adopted, companies will increasingly be able to use social capital information to improve business decision-making and enhance performance. All rights reserved. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration. Click anywhere on the bar, to resend verification email.
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Social capital theory and implications for human resource development. Capacity building through service learning.Andrea Grimaldi, United States Northern Lights City Break, November 2017 I had such a great timeline of my best travel experiences by far.
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Social capital as a decision aid in strategic decision‐making in service organizations
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