Imprints of an Entrepreneur and Evolution of a Business Group, 1948–2010

Mehmet Erçek · Öner Günçavdı

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Management and Organizational Studies Innovation and Knowledge Management Family Business Performance and Succession

Abstract

In this article, we narrate a historical case study of a Turkish business group (BG) and engage in a dialogue with the existing theories that explain the transformation of BGs. The study builds on the multi-level theory of imprinting to illustrate how our focal group has been continually stamped by its founder's choices during sensitive times in its developmental trajectory. Collected evidence details how the entrepreneur's subsequent imprints are entrenched in the BG’s routines, simultaneously enabling and constraining its capabilities. By providing comprehensive evidence about the dynamic interplay among various endogenous and exogenous factors, we illustrate how abstract institutional conditions are reified in, and sometimes opposed by, agential action.

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References

1994The Capabilities of Market-Driven Organizations 1997Why Focused Strategies May Be Wrong for Emerging Markets 2004Corporate Governance, Economic Entrenchment and Growth 2013Imprinting: Toward a Multilevel Theory 2007Business Groups in Emerging Markets: Paragons or Parasites?2010Winning in Emerging Markets: A Road Map for Strategy and Execution 2000BUSINESS GROUPS IN EMERGING ECONOMIES: A RESOURCE-BASED VIEW.1988Market, Culture, and Authority: A Comparative Analysis of Management and Organization in the Far East

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