Title

Achieving Sustained Competitive Advantage: A Family Capital Theory

Authors

James Hoffman
Mark Hoelscher, Illinois State UniversityFollow
Ritch Sorenson

Document Type

Article

Publication Date

6-1-2006

Abstract

Although it has been long asserted that family businesses hold advantages over nonfamily businesses, to date, there have been very few theories developed as to exactly why family businesses hold competitive advantages over nonfamily businesses. This article introduces the concept of family capital and proposes that family capital has potential impact on business performance. Specifically, this article suggests that family businesses with high levels of family capital possibly do hold a sustained competitive advantage over family businesses with low levels of family capital and/or nonfamily businesses.

Comments

This article was originally published as Hoffman, James, Hoelscher, Mark, and Sorenson, Ritch. 2006. Achieving Sustained Competitive Advantage: A Family Capital Theory. Family Business Review, (19): 135-145

Recommended Citation

Hoffman, James; Hoelscher, Mark; and Sorenson, Ritch, "Achieving Sustained Competitive Advantage: A Family Capital Theory" (2006). Means Center for Entrepreneurial Studies. 1.
https://ir.library.illinoisstate.edu/means/1