How can family winegrowing businesses be sustained across generations?

What is it about?

This paper aims to investigate how family winegrowing businesses can be sustained across generations. Three key dimensions – knowledge sharing, entrepreneurial characteristics and leadership attributes – were identified that can support successful successions in family winegrowing businesses. The authors have generated a theory that enables academicians and practitioners to understand how family winegrowing businesses can be successfully sustained across generations. The authors argue that knowledge is a central feature in family firms where previous research combines knowledge with entrepreneurial orientation or the resources and capabilities of a firm.

Featured Image

Why is it important?

Further research could introduce social psychology theory, such as social modelling, which could influence knowledge sharing in family businesses. Techniques could be studied that encourage families to be cognisant of the three dimensions presented in this study, particularly at different life stages. Early habituation of the next generation into business operations could prove successful when later engagement in the organisation is encouraged.

Perspectives