Entrepreneurial strategies in a family business
Growth and capital conversions in historical perspective
Bibliographic Data
| ID | 8419989 |
|---|---|
| Authors | Nicholas D Wong (0000-0002-4667-978X, Newcastle Business School, CCE-1, Northumbria University, Newcastle upon Tyne, UK, corresponding author), Tom Mcgovern (0000-0002-1214-527X, Newcastle University Business School, Newcastle University, Newcastle upon Tyne, UK) |
| Year | 2023 |
| Volume | 65 |
| Issue | 3 |
| Pages | 454-478 |
| Publication date | 2023-04-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2020.1807952 |
| OpenAlex | W3046385490 |
| Language | EN |
| Citations received | 10 |
| References cited | 77 |
This article focuses on the entrepreneurial and pro-social activities of William Rushworth II from 1897 to 1944. He inherited a family business modest in scale, which eventually became one of the largest music houses in the world. The Company business model incorporated entrepreneurial and pro-social activities. Our theoretical model shows the transmutability of the forms of capital and how they were utilised by William to identify productive opportunities in the music industry sub-field. Our findings show that converting cultural capital into economic capital was of prime importance to an entrepreneur operating within the cultural industries. Bridging social capital was vital to build links vertically and horizontally across the industry value chain to transform cultural capital into symbolic and economic capital. Intra-field habitus hybridisation was utilised to transfer practices within the different sub-fields of the cultural industries. William transformed his economic capital into social and cultural capital through his support and sponsorship of music and the arts. Business success led to appointments to prestigious organisations and entry into the field of power
Capital (architecture · Cultural capital · Cultural economics · Economic capital · Economic system · Economics · Entrepreneurship · Financial capital · Habitus · Human capital · Individual capital · Market economy · Political science · Social capital · Social science · Sociology · Symbolic capital · The arts · Art History and Market Analysis · Cultural Industries and Urban Development · Finance · Law · Social and Cultural Dynamics
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Bourdieusian capital conversion during crises of socio-political legitimacy
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Dealing with jokers in the pack
Cartels within cartels
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Structural Holes
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Beyond social capital
Research Strategies for Organizational History
Social Capital, Intellectual Capital, and the Organizational Advantage
The field of cultural production
Handbook of theory and research for the sociology of education
Distinction
Painting the full picture
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Outline of a Theory of Practice
A Theory of Fields
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Langage et pouvoir symbolique
The Logic of Practice
The State Nobility
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Making value
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A Spirit of Generosity
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In the best position to reap mutually beneficial results’
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Social Skill and Institutional Theory
An Invitation of Reflexive Sociology
Capital Theory and the Dynamics of Elite Business Networks in Britain and France
Cultural Democracy in a Period of Cultural Expansion
Bourdieu, Historicity, and Historical Sociology
Elite Business Networks and the Field of Power
Corporations and the Corporate Elite
Structural Holes and Good Ideas
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Bourdieu and organizational analysis
| Unique citing works | 10 |
|---|---|
| Citations per year | 2,5 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |