The story is in the bottle: how SEW influences the business models of family wine businesses
Date
2022
Authors
Browne, Michael
Editors
Advisors
Graves, Christopher
Lindsay, Noel
Balan, Peter (University of South Australia)
Lindsay, Noel
Balan, Peter (University of South Australia)
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Thesis
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Abstract
This research investigates the influence of socioemotional wealth (SEW) on the business models of family businesses. Specifically, adopting a critical realism paradigm, this study uses the qualitative case study method to collect data from family businesses. Data is analysed applying concept mapping to undertake qualitative meta-analyses to examine the business models of 7 Australian family wine businesses to answer the study’s research question: In what ways does SEW influence the business models of family wine businesses? SEW’s introduction to the literature in 2007 has been considered the most significant development in the family business discipline over the last 15 years. SEW refers to preserving and enhancing family members' well-being and is regarded as the primary differentiator between family and non-family businesses. Some see it as a theory that may become dominant within the discipline. However, the SEW concept is contested and needs refinement and clarification. The business model concept was developed within business practice and is gaining considerable attention within the literature. Despite the business model concept’s focus on understanding how businesses create and capture value, it has yet to be applied in the family business context to how they create and capture SEW. Through an investigation of the SEW dimensions present in the two business models dominant among family wine businesses, the research findings identify the ways that SEW influences business models of family wine businesses, thereby contributing to and advancing the debate regarding the nature and influence of SEW within family firms. This research makes a number of contributions to the literature. It provides empirical support for SEW’s multidimensionality, which has been an area of debate. It does this by demonstrating that SEW dimensions are not concrete nor are they finite, which assists in broadening our understanding of the SEW construct. The research shows that context matters when considering SEW. Context influences the existence of particular SEW dimensions and how they are viewed. This research introduces the SEW dimension of Place, a concept familiar in the architectural and geography disciplines and the wine industry.
School/Discipline
Business School
Dissertation Note
Thesis (Ph.D.) -- University of Adelaide, Business School, 2022
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