Institutional Repository University of Antwerp … RENT XXX: Innovation, Relational Networks,
Technology and Knowledge Transfer as Drivers of Global Competitiveness : Research in
Entrepreneurship and Small Business, November 16-18, 2016, Antwerp, Belgium … Faculty
of Business and Economics …
Building on the resource-based view (RBV) of the firm, this paper suggests that a family
firm's long-term orientation (LTO) can be an important resource that increases firm-level
entrepreneurial orientation (EO). Nevertheless, resource orchestration suggests that
managers need to orchestrate their resources in order to realize any potential advantage.
Therefore, we hypothesize that a family firm's LTO entails potential resources to engage in
entrepreneurial activities, while a participative decision making (PDM) style serves as …