This book provides recent ideas, insights, facts, evidence, frameworks, and perspectives on how and why entrepreneurial families are successful over generations. The book focuses on how families successfully implement entrepreneurship across generations. That success, it argues, requires entrepreneurship at the level of the family, not only in the businesses the family owns and manages. Written by noted academics and consultants who are authorities on family entrepreneurship, the chapters provide a comprehensive exploration of the characteristics of successful entrepreneurial families, their motivations, how they behave over time, and, suggestions for how business families can encourage and sustain entrepreneurship. This comprehensive look at family entrepreneurship will serve as a fundamental reference text for family business consultants, owners, and scholars.
This book provides recent ideas, insights, facts, evidence, frameworks, and perspectives on how and why entrepreneurial families are successful over generations. The book focuses on how families successfully implement entrepreneurship across generations. That success, it argues, requires entrepreneurship at the level of the family, not only in the businesses the family owns and manages. Written by noted academics and consultants who are authorities on family entrepreneurship, the chapters provide a comprehensive exploration of the characteristics of successful entrepreneurial families, their motivations, how they behave over time, and, suggestions for how business families can encourage and sustain entrepreneurship. This comprehensive look at family entrepreneurship will serve as a fundamental reference text for family business consultants, owners, and scholars.
Matt R. Allen
family businesses family firms trust family culture socialization process entrepreneurial leadership succession entrepreneurial mindset family wealth investing social capital transgenerational entrepreneurship
“Recent environmental shocks, be they COVID-19, Brexit, or the Global Financial Crisis, have stress-tested our family firms like never before. Our boundaries of understanding have changed, as has the world in which we live. Never has the need to embrace entrepreneurship been so pertinent to firm survival. If the family is the oxygen that feeds the fire of entrepreneurship, the question for today’s family firm leaders is how to keep the fire burning. In ‘Family Entrepreneurship’, Allen and Gartner share the secrets of successful entrepreneurial families including how to nurture trust between generations, manage legacy expectations, and embrace sustainability in the face of climate change. By engaging with international experts on multi-generational entrepreneurial families, this book provides family firm leaders with the toolkit to manage business continuity and keep the entrepreneurial fire burning.”Eric Clinton, PhD, Director, Dublin City University National Centre for Family Business
“It provides a wide range of perspectives on how and why families can engage in entrepreneurship across generations. The book provides a variety of frameworks and action plans for families who realize that their businesses need to change and grow in order to sustain themselves in the future. To sum up, it is a ‘smorgasbord’ with a tasteful variety of dishes.”
Magnus Aronsson, Managing Director, ESBRI – Entrepreneurship and Small Business Research Institute, Sweden.
“Since the Asian Finance crisis where I first experienced the perseverance of family businesses in Asia, more and more global crises have occurred. Family businesses and business families seldom let crisis go wasted and use every chance to renew themselves. This book tells us why, as it unveils the hidden treasury of family businesses – family entrepreneurship. It is a must-read for practitioners, researchers, and professionals working with family businesses or business families.”
Kevin Au, PhD, Director, Centre for Family Business, Chinese University of Hong Kong“This is a wonderful book. It broadens our knowledge on what makes family entrepreneurship so successful across many generations, by focusing on the soft success factors. The editors have pulled together a great group of scholars, each discussing different (and sometimes surprising) facets of family entrepreneurship. A welcome addition to the entrepreneurship and family business literature, and of value for researchers and policymakers alike.”
Friederike Welter, Institut für Mittelstandsforschung Bonn and University of SiegenThis book brings together consultants, educators, and researchers on family entrepreneurship with the aim to learn from the secrets of successful entrepreneurial families across the world. By looking at family entrepreneurship as a behavior, belief, or value this edited volume covers a wide range oftopics and touches on the many ways that entrepreneurship can be developed and sustained in multi-generational families. The variety of approaches that could be used by business families to let entrepreneurship and entrepreneurial spirit flourish across generations are integrated with different theories and ideas without never neglecting the relevance for practice.
Andrea Calabrò, Professor of Family Business & Entrepreneurship, IPAG Business School, Global Academic Director STEP Project Global Consortium
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