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Developing Capabilities for Sustainability in Family Small Enterprises: An Emerging Market Scenario

Developing Capabilities for Sustainability in Family Small Enterprises: An Emerging Market Scenario

Ben Akume, Osarumwense Iguisi
Copyright: © 2022 |Pages: 18
ISBN13: 9781668435502|ISBN10: 1668435500|EISBN13: 9781668435519
DOI: 10.4018/978-1-6684-3550-2.ch026
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MLA

Akume, Ben, and Osarumwense Iguisi. "Developing Capabilities for Sustainability in Family Small Enterprises: An Emerging Market Scenario." Research Anthology on Strategies for Maintaining Successful Family Firms, edited by Information Resources Management Association, IGI Global, 2022, pp. 583-600. https://doi.org/10.4018/978-1-6684-3550-2.ch026

APA

Akume, B. & Iguisi, O. (2022). Developing Capabilities for Sustainability in Family Small Enterprises: An Emerging Market Scenario. In I. Management Association (Ed.), Research Anthology on Strategies for Maintaining Successful Family Firms (pp. 583-600). IGI Global. https://doi.org/10.4018/978-1-6684-3550-2.ch026

Chicago

Akume, Ben, and Osarumwense Iguisi. "Developing Capabilities for Sustainability in Family Small Enterprises: An Emerging Market Scenario." In Research Anthology on Strategies for Maintaining Successful Family Firms, edited by Information Resources Management Association, 583-600. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-6684-3550-2.ch026

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Abstract

Though literature in family perpetuity and sustainability is well documented from the advanced economies, there is scarcity of insights from emerging markets where this research relates. The study, therefore, sought to investigate, understand, and interpret the underlying drivers of sustainability in small family businesses using the stewardship theory paradigm in the Nigerian family business environment. A qualitative method with 41 in-depth interviews involving owners and managers of family-owned small and medium businesses was conducted. The study empirically shows that there is an interrelationship between family structure and business sustainability; hence, the practice of polygamy was found to be inimical to family business success and sustainability. Building on the stewardship theory, the paper develops a model of sustainability for small and medium family businesses. The study contributes to the theoretical literature on stewardship and family business sustainability.

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