Enterprising family SMEsSay no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay As explained so far, the context of this study is growth-oriented small and medium-sized multi-generational family businesses. These companies are labeled here – Enterprising family SMEs (EFSME). EFSMEs are representative of well-established, growth-oriented, small and medium-sized multi-generational family businesses that ideally aim to achieve above-average sustainable economic rent accumulation in their operating markets. As such, they are generally characterized by a committed dedication to the continuous improvement of sustainable entrepreneurial growth. Generally, these companies increase the chances of achieving this inherent ambitious goal by maintaining a dedicated attitude towards exceptional long-term (spanning generations) socio-economic directions and instilling a distinct culture that deeply embraces innovation and entrepreneurship . In this light, due to the aforementioned unique characteristics, in conjunction with the endogenous entrepreneurial processes linked to these firms (i.e. firm-level micro-foundations) that facilitate the building of dynamic management capabilities of alliance portfolio – their likelihood of achieving sustained entrepreneurial growth in comparison with their industry peers/competitors could be significantly improved. These industry peers/competitors include lifestyle family businesses and non-family businesses, respectively. In comparison, lifestyle family businesses most often differ from EFSMEs in their pronounced propensity to preserve socio-emotional wealth (SEW) which, in essence, is largely non-economic in nature. Overall, this study describes a family business as one in which the family has a significant stake, is involved in the governance of the business, and presents a vision of how the business will potentially benefit the family over several generations. This choice to describe a family business is guided by the study's focus on firm-level strategies linked to firm-level micro-foundations that facilitate the building of portfolio management capabilities of dynamic alliances – within the companies studied. Accordingly, EFSMEs are used to find answers to the study's overarching research problem, because compared to large, established companies, they most often incorporate various ranges of extended strategic partnerships and relationships without equity participation (here, alliance portfolios) to access an assortment of new market resources and technological knowledge. (in tacit and explicit form) – as a key platform for strengthening sustainable entrepreneurial growth. Importantly, knowledge is here considered to constitute the most strategically significant resource for a firm with respect to the successful enhancement of sustainable entrepreneurial growth. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Notably, EFSMEs are generally endowed with the strategic capacity to incorporate various ranges of non-equity-based extended alliance portfolios due to their strategic flexibility..