Enterprising family SMEsSay no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay As articulated thus far, the context of this study is that of growth-oriented, multigenerational family small and medium-sized businesses. These businesses are labeled here as – Enterprising Family Owned SMEs (EFSME). EFSMEs are representative of multi-generational, established, growth-oriented small and medium-sized family businesses, which ideally aim to achieve sustained, above-average economic revenue accumulation in their operating markets. As such, they are usually characterized by a committed devotion to the continuous improvement of sustained entrepreneurial growth. Commonly, these enterprises increase the likelihood of achieving this intrinsic aspirational goal by cultivating a dedicated attitude toward long-term exceptional socioeconomic orientations (across multiple generations) and inculcating a distinct culture that deeply embraces innovation and entrepreneurship. In this light, due to the unique characteristics mentioned above, combined with the related endogenous entrepreneurial processes of these ventures (i.e., firm-level micro-foundations) that facilitate the building of dynamic alliance portfolio management capabilities - their probability of achieving sustained entrepreneurial growth in comparison with their industry counterparts/competitors could be convincingly improved. These industry counterparts/competitors include family businesses and non-family businesses, respectively. In comparison, lifestyle family businesses most commonly differ from EFSMEs in relation to their pronounced inclination to preserve socio-emotional wealth (SEW) which, in essence, is largely non-economically oriented in nature. Overall, this study describes a family business as one in which the family has a significant ownership stake, is involved in the governance of the business, and shows a vision of how the business will potentially benefit the family across multiple generations. . This choice to describe a family business is driven by the study's focus on firm-level strategies related to firm-level microfoundations that facilitate building dynamic alliance portfolio management capabilities – within the investigated firms. Accordingly, EFSMEs are challenged to find answers to the study's overarching research question because, compared to large established firms, they more commonly incorporate different types of partnerships and sustained non-equity-based strategic relationships (in this case, alliance portfolios) to gain access to an array of new market and technological knowledge resources (in tacit and explicit form) – as a key platform for driving sustained entrepreneurial growth. It is important to note that knowledge is here considered the most strategically significant resource for a firm in relation to successfully enhancing sustained entrepreneurial growth. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Notably, EFSMEs usually come with the strategic ability to incorporate different ranges of non-equity-based extended alliance portfolios, due to their greater strategic flexibility compared to their larger corporate counterparts. More specifically for the strategic flexibility of these companies, this pervasive way of enhancing initiatives of.