Entrepreneurship Across Generations

This enriching book explains how entrepreneurial capacity is shared between generations, showing how learning is embedded within everyday social practice in the family and the business.

Entrepreneurship Across Generations

ÔThere is so much to praise in this important and timely book. Drawing on unique, fresh and intimate qualitative studies of families and the complex histories of their lives and businesses, the book will invigorate entrepreneurial studies with its intricate, theoretically bold and innovative analysis. The author takes us on a sensitive and fascinating journey with these families, and makes an outstanding contribution conceptually, politically, ethically and methodologically to the field, showing us how narratives are not simply methodological tools but ontological resources for gender and identify formation. It is an elegant and refreshing book which will be a rewarding and enlivening read for students and researchers.Õ Ð Elaine Swan, University of Technology Sydney, Australia ÔThoughtful, perceptive, and meticulously researched, Eleanor HamiltonÕs Entrepreneurship across Generations is an important contribution that will help advance the field of family business studies both conceptually and empirically. Based on fascinating field work with families in business and placing ÒfamilyÓ at the very heart of her study, Hamilton shows, through the stories her subjects tell, just how deeply and complexly family and firm are intertwined. A must-read for all those interested in family firm entrepreneurship.Õ Ð Andrew Popp, University of Liverpool Management School, UK Entrepreneurship across Generations examines dimensions of identity, gender and learning to understand the complex fabric of family business. An interpretation of narratives from two generations in five families constitutes entrepreneurship as an inherently social, rather than individual, phenomenon. This enriching book explains how entrepreneurial capacity is shared between generations, showing how learning is embedded within everyday social practice in the family and the business. It explores patriarchal practice and gendered entrepreneurial identities in family business. The author challenges dominant discourses of entrepreneurship. She argues that entrepreneurial identities are mediated by narrative and subject to constant negotiation within and across generations. With a new perspective on entrepreneurship, this insightful study will be essential and supplementary reading for students and practitioners within the field of entrepreneurship and family business.

Transgenerational Entrepreneurship

Academics, teachers and students in business and management, entrepreneurship and family business will find this path-breaking book of value, as will libraries, policy makers and consultants.

Transgenerational Entrepreneurship

Introducing a new concept in family businesses Transgenerational Entrepreneurship addresses how these businesses achieve growth and longevity through entrepreneurial activities. It focuses on the resources, capabilities and mindsets that families develop and draw upon in order to be entrepreneurial across generations, and presents findings from an international research collaboration between family business researchers and practitioners. In addition to a comprehensive conceptual chapter, the editors include a unique set of empirical case-based research papers that investigates transgenerational entrepreneurship in different European contexts. They bring together and integrate frontier research on entrepreneurship and family business, as well as provide a basis for future research. Academics, teachers and students in business and management, entrepreneurship and family business will find this path-breaking book of value, as will libraries, policy makers and consultants.

Entrepreneurs in Every Generation

Allan Cohen and Pramodita Sharma, scholars with deep professional and personal roots in family businesses, show how enterprising families can transmit the hunger for excellence across generations.

Entrepreneurs in Every Generation

Discover What Makes Family Businesses Beat the Odds and Thrive over Generations Families are complicated; family businesses even more so. Like other companies, family-run enterprises must develop leadership and entrepreneurial skills. But they must also manage family dynamics that rarely mirror the best practices in the latest Harvard Business Review. Allan Cohen and Pramodita Sharma, scholars with deep professional and personal roots in family businesses, show how enterprising families can transmit the hunger for excellence across generations. Using examples of firms that flourished and those that failed, they describe the practices that characterize entrepreneurial individuals, families, and organizations and offer pragmatic advice that can be tailored to your unique situation.

Intergenerational Entrepreneurship in Family Business

Family businesses are known to contribute significantly to economies around the world.

Intergenerational Entrepreneurship in Family Business

Family businesses are known to contribute significantly to economies around the world. With the option to harvest their businesses at any one point, there is a pressing need to promote the sustainability of family businesses, for economic and social prosperity. This study investigates how entrepreneurial family businesses can be sustained across generations, and speaks to the nexus of three significant bodies of literature -- family business, succession, and entrepreneurship. Three in depth case studies of medium-sized intergenerational winegrowers in New Zealand, informed the basis of this qualitative study. An appreciative inquiry approach was influential in carrying out fieldwork. All family members involved in the business were interviewed, as were a sample of employees. Data were presented through illustrative within-case findings and then distilled into themes. From the emergent themes, three theoretical dimensions were derived: knowledge sharing, entrepreneurial orientation, and resource capabilities. These dimensions, contingent on the influence a family has over their business (as assessed by the F-PEC scale), were displayed as a theoretical model promoting sustainable entrepreneurial family businesses across generations. Beyond this theoretical model, each of the dimensions were explored individually, and developed further, in light of this thesis's primary research question: "In what ways can entrepreneurial family businesses be sustained across generations?". The purpose of presenting these extensions was to provide practical explanation, and potential tools that could be utilised in future academic research, and as practical explanatory aides for family businesses themselves. The main conclusion of this research is that entrepreneurial family businesses can be sustained across generations through the promotion of knowledge sharing, adopting an appropriate entrepreneurial orientation, and being explicitly aware of their resource capabilities. For a family business to be sustained across generations with the promotion of these dimensions, the importance of influence that the family has over the business was highlighted. This conclusion contributes to family business and entrepreneurship theory by linking family business and entrepreneurship through the succession process. In addition, the application of an appreciative inquiry offers a perspective that is often overlooked. In contrast to most studies in family business and entrepreneurship research, this study develops an understanding of what works well in family businesses that have successfully managed family continuity across generations, and engaged in entrepreneurial behaviour through the life cycle of the business.

The Palgrave Handbook of Multidisciplinary Perspectives on Entrepreneurship

Entrepreneurship by families Entrepreneurship across generations How are resources allocated to family members for entrepreneurial pursuits over time? What kind of interactions, goals, and patterns do families develop to nurture ...

The Palgrave Handbook of Multidisciplinary Perspectives on Entrepreneurship

Departing from the traditional approach of surveying current and future trends and developments, this unique Handbook brings phenomena, theories, and concepts from multiple disciplines together to advance entrepreneurship. With original contributions from authors who are experts in their fields, the collection offers state-of-the-art insights into generating new areas for research, new theories and concepts, and new questions for policy debates – all aimed at advancing entrepreneurship. Divided into four sections and covering perspectives such as neuroscience, theology, organisational behavior and education, The Palgrave Handbook of Multidisciplinary Perspectives on Entrepreneurship is a rich source of information for researchers, educators, entrepreneurs, leaders and managers.

Developing Next Generation Leaders for Transgenerational Entrepreneurial Family Enterprises

Entrepreneurial learning in family business: a situated learning perspective. Journal of Small Business and Enterprise Development, 18(1): 8–26. Hamilton, E. (2013). Entrepreneurship Across Generations: Narrative, Gender and Learning in ...

Developing Next Generation Leaders for Transgenerational Entrepreneurial Family Enterprises

This illustrative book considers the interface of business structures, contexts, and leadership building blocks to explore the contingent nature of leadership development in transgenerational entrepreneurship. Longitudinal case studies of 27 family firms in nine different countries provide a rich, global selection of leadership development insights by examining the roles of values, professionalization, leadership style and other contingent factors. The diversity of cases and chapters provides a rich foundation for insight into the pathways currently in use to develop the next generation leaders, illuminating the strategies and pathways of successful transgenerational family enterprises. By examining the available literature and one or more case studies, each chapter draws pragmatic conclusions, with findings that suggest the importance of focusing on leadership as a shared capability, transmission of values to maintain an entrepreneurial culture, the fit between professionalization and values to increase transgenerational potential, the need to address the structure of the business and the focus on parenting to develop next generations. This path-breaking book will inform family business researchers as they explore the ways in use to develop the next generation. Each chapter starts with a mini-case study focused on a dilemma related to leader development, making this book an excellent resource for educators in undergraduate, graduate, or executive programs.

The Complete Direct Investing Handbook

Dianne H. B. Welsh, Esra Memili, Kirby Rosplock, Juan Roure, and Juan Luis Segurado, “Perceptions of Entrepreneurship across Generations in Family Offices: A Stewardship Theory Perspective,” Journal of Family Business Strategy 4 (2013): ...

The Complete Direct Investing Handbook

The practical guide to direct investing strategies and best practices The Complete Direct Investing Handbook provides comprehensive guidelines, principles and practical perspectives on this increasingly attractive private equity investment strategy. Interviews with leading family office investors, qualified private equity buyers, and top direct investing advisors provide essential insights, and attention to the nuanced processes of direct investing. The books is a hands-on resource for family offices and those investors interested in generating returns through private company ownership to be more effective in creating returns in a complex market. Direct investing best practices are explored in-depth, with guidance on strategy and the evaluation and assessment of various investment opportunities. The process begins with a codified and specific investment goal, and a robust strategy tailored to the investor's individual needs. Useful insight on 'narrowing the field' helps investors select the appropriate opportunities to meet their investment goals, and practical tools help streamline the process of capital deployment and in turn providing more opportunities to achieve desired returns. Despite the growing interest in direct investing, there is little public information available to investors and there is a lack of transparency into practical standards. This book bridges the gap between strategy and execution, with comprehensive guidance and real-world insights. Define and craft a focused investment thesis and appropriate timeline specific to your needs Identify the right type, size, duration, and risk profile aligned to your investment objectives Gain perspective on real-world direct investing and a deeper understanding of the risks and rewards Better understand best practices and institutional investment rigor to develop bespoke processes and policies that create better outcomes for independent investors Historically, extraordinary wealth has been created through equity in privately-held enterprise. Today, family offices and direct investors are looking more and more toward large capital deployment in early-stage and growth-oriented private equity investments, but are constrained by a lack of informed, established practices. The Complete Direct Investing Handbook provides the much-needed guidance and tools that can improve direct investment outcomes.

Working Across Generations

Forging new Approaches: leading organizations The leadership challenge for new generations is often less about ... the decision-making process, or the culture within organizations: • Embracing social entrepreneurship • Running a group ...

Working Across Generations

'Working Across Generations' looks at the leadership transition and generational shift that the nonprofit sector faces, and gives readers practical advice on how they can prepare for this inevitable shift in healthy ways.

Entrepreneurship in Korea

Furthermore, a common feature of all Korean entrepreneurs across different generations we have studied are their extensive efforts to accumulate professional and entrepreneurial experience across a wide range of industries and business ...

Entrepreneurship in Korea

Entrepreneurship in Korea offers a fresh perspective on entrepreneurship in Korea by combining a historical review of the achievements of Korean entrepreneurs at each stage of economic development with an analysis of the activities of current entrepreneurs who are at the forefront of the new Korean age. It discusses the crucial role of business entrepreneurship in each stage of Korea’s transformation from an underdeveloped East Asian backwater to a global manufacturing and technology powerhouse throughout the last 100 years. Furthermore, it provides an up-to-date analysis of contemporary start-up entrepreneurship in Korea and discusses its unique characteristics, strengths and weaknesses. Authors identify specific features of entrepreneurship in Korea, why and how business entrepreneurs have been so successful and effective, how their entrepreneurial styles and activities have changed over time, which challenges Korean start-up entrepreneurs are currently facing, and how these challenges may be addressed.

Entrepreneurship Sustainable Growth and Performance

... and capabilities to continue their entrepreneurial legacy of social and economic wealth creation across generations. Combining and integrating literature on corporate entrepreneurship and family firms, the authors investigate what ...

Entrepreneurship  Sustainable Growth and Performance

Collectively, the authors present an informative overview of some of the best European research in entrepreneurship that exists at present. In addition, the variation in research traditions and approaches offer the reader an interesting insight into the various disciplinary perspectives that can shed light on entrepreneurial activities, including insights from psychology, sociology, finance and strategy. The attempt to examine both individual and firm-level analysis is also a strength of this book, given that the majority of entrepreneurship research tends to focus on just one of these streams and there is a dearth of work that is able to integrate and understand both dimensions simultaneously. . . the book provides value for money for those whom entrepreneurship research within a European context is a particular interest. Jean Clarke, International Journal of Entrepreneurial Behaviour and Research This book brings together some of Europe s finest scholars, showcasing the richness, diversity and quality of European entrepreneurship research. Collectively, the authors present an authoritative overview of state-of-the-art research on current entrepreneurship themes. This book is a must read for scholars, policymakers, and students interested in staying updated about the current state of entrepreneurship research. Johan Wiklund, Syracuse University, US The 20th edition of the RENT conference took place where it started 20 years ago: in the European capital , Brussels. The current volume presents the best papers of this conference and offers a grand view of the state of the art of European entrepreneurship research. Drivers as well as consequences are dealt with from many different angles. Taken together it gives a thorough description of the scarcest and most essential of all input factors of the modern economy: entrepreneurship. Roy Thurik, Erasmus University Rotterdam, The Netherlands This book provides an invaluable, state-of-the-art overview of current European research in the field of entrepreneurship. It focuses on four themes, each of which illustrates a key dimension in the overall theme: entrepreneurs and their role in entrepreneurship entrepreneurship in family businesses performance of new ventures and entrepreneurial processes. Entrepreneurship, Sustainable Growth and Performance is written from various perspectives by eminent academics with different methodological approaches. It is an invaluable resource for researchers, scholars and students as well as consultants and policymakers with an interest in entrepreneurship and small businesses.

Global Entrepreneurship

Case Studies of Entrepreneurial Firms Operating around the World James Hayton, Carlo Salvato, Mathew J. Manimala ... Succession was no easy task, let alone laying a foundation for entrepreneurship across generations.

Global Entrepreneurship

Entrepreneurs around the world are encouraged and held up as the new deliverers of economic growth in turbulent times. Entrepreneurship is taught globally, but often without much reference to the truly global array of cases and examples that can provide helpful insights for international students in particular. This collection brings together expert entrepreneurship scholars to provide a collection of global case studies around entrepreneurial firms worldwide. This unique educational resource covers a broad range of topics of relevance to understanding entrepreneurship including corporate, social and indigenous entrepreneurship. This book provides entrepreneurship educators with reliable cases suitable for classroom discussion, analysis or even for assessment purposes. Instructors teaching this subject will be able to use the book as a stand alone reference or as an ideal supplement for many introductory texts in entrepreneurship.

Entrepreneurs in Every Generation

It has lots of great ideas for preparing the next generation to continue their roles as stewards of the brands and ... Finally, a book that not only acknowledges the importance of entrepreneurship to the long-term success of family ...

Entrepreneurs in Every Generation

Discover What Makes Family Businesses Beat the Odds and Thrive over Generations Families are complicated; family businesses even more so. Like other companies, family-run enterprises must develop leadership and entrepreneurial skills. But they must also manage family dynamics that rarely mirror the best practices in the latest Harvard Business Review. Allan Cohen and Pramodita Sharma, scholars with deep professional and personal roots in family businesses, show how enterprising families can transmit the hunger for excellence across generations. Using examples of firms that flourished and those that failed, they describe the practices that characterize entrepreneurial individuals, families, and organizations and offer pragmatic advice that can be tailored to your unique situation.

Entrepreneurs in Family Business Dynasties

Kepner, 1983) has been enriched and further expanded into complex enmeshing, to guarantee the inclusion of the three ... of keeping the family business together across generations, adding new value to it from generation to generation.

Entrepreneurs in Family Business Dynasties

This book is a longitudinal story of seven Italian-Australian family business dynasties, spanning over a hundred years across three generations, and starting with the founding generation who migrated to Australia in the first half of the 20th century. With hard work and sacrifices, they set the foundations of a long-lasting family culture, and the values that form the glue of a multigenerational family business. The book focuses on the personal, family, and business values that keep family members, across generations, continuing to engage together and successfully, as a family and a business. The book elaborates on the complexity of ‘what is a family business’, what it represents for the generational members that are part of it, how these family businesses have emerged, consolidated and expanded, and finally, how they continue to survive into the third generation, enabling the dynasty to flourish.

Entrepreneurship

To this point, the call for such research has been made, “It is critical that scholars of international entrepreneurship explore millennial entrepreneurs and contrast them across generations and countries ([33], p. 9).

Entrepreneurship

Entrepreneurship plays an exceptional role in the development of economies and is a vital source of change in all aspects of society. This book tries to facilitate a fundamental rethinking of entrepreneurial activity and how it is manifested. It addresses a critical shortcoming in much of the research, education, and economic development work that deals with entrepreneurship. Instead of the general theories of entrepreneurship, the book lays a foundation for developing theories of different kinds of entrepreneurial ventures. As the reader navigates these pages, he or she should hopefully broaden their entrepreneurial landscape and identify critical factors that drive contemporary entrepreneurship.

Family Business in China Volume 2

LKK also encouraged the development of a common goal and entrepreneurial growth through smooth family succession. In the continuous changes of family entrepreneurship from generation to generation, LKK has established two core values of ...

Family Business in China  Volume 2

Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume discusses the current status, upcoming challenges, and future prospects for family businesses in China. It explores unique organizational characteristics that are associated with Chinese family firms, such as being entrepreneurial, having concentrated power in the hands of the family business owners, and extensive family and semi-family involvement in the business. It also discusses shared features of strategic actions among Chinese family firms that include technology innovations, diversification, and internationalization, as well as the political connections that Chinese family firms often have. This book offers researchers a comprehensive overview of small family firms that are likely to be home-based microenterprises as well as large publicly traded business groups that are frequently owned by business families.

Entrepreneurship

has been suggested that the performance of the next generation is likely to be based on the effectiveness with which the knowledge, and social networks, are transferred across generations (Cabrera-Suárez et al., 2001; Steier, 2001).

Entrepreneurship

Entrepreneurship is a main driver of economic growth and of social dynamics. However, some basic characteristics like the gender of the entrepreneur, the geographical location, or the social context may have a tremendous impact on the possibility to become an entrepreneur, to create a firm and to prosper. This book is a collection of papers written by an array of international authors interested in the question of entrepreneurship from a gender point of view (male vs female entrepreneurship), a geographical point of view (Africa, Europe, America and Latin America, Asia...) or a specific social context point of view (agricultural economy, farming or family business, etc.).

Entrepreneurship for Deprived Communities

Relational processes in family entrepreneurial culture and resilience across generations, Journal of Family Business Strategy, 10(3). doi:10.1016/j.jfbs.2018.11.001 London, T., Anupindi, R. and Sheth, S. 2010.

Entrepreneurship for Deprived Communities

Using case studies and research-based narratives to investigate the barriers facing developing enterprises in deprived communities, this book provides a toolkit for small business professionals and local authorities to revitalise a community-centered enterprise culture and reinvigorate disadvantaged groups.

The Relationship of Leadership and Innovation in Family Businesses

How can the enterprise maintain and transfer an entrepreneurial spirit across generations after the creative and innovative founder has Withdrawn from the firm? The author suggests two approaches. The first lies within the firm itself, ...

The Relationship of Leadership and Innovation in Family Businesses

Swen Nadkarni delivers a systematic review of the literature on factors of leadership, composed of management, ownership and generation, and their influence on innovation in family businesses. For this purpose, he conducts an exhaustive systematic review process to analyze 66 relevant publications from 1997 to 2016. This study contributes to research by comprehensively collecting, analyzing, and synthesizing a large body of literature and knowledge on the relationship of leadership and innovation in family businesses.

The Two Sides of the Business Family

This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of ...

The Two Sides of the Business Family

This book focuses on a central success factor for family businesses: maintaining the decision-making ability over generations while not jeopardizing the business due to family conflict, inefficient governance structures, or lack of identification. The authors identify that this is not as easy as the endeavor to bring two social systems together with contradicting logic (family and business) leads to many dangerous pitfalls. This book presents outcomes of a unique research project in which family managers of eleven of the oldest and largest German family businesses, at least the fourth generation, met for more than three years on a regular basis and presented the essence of their family governance structures to each other and to the authors. It was a joint “learning journey” that admits identifying twelve core questions that these families had been answering to keep up the relationship between family and business successfully over generations. Obviously, there is no “right” answer to these questions. The key to success is rather engaging the families in a process to find out their own answers and make them aware of the “two sides”: being a family is different from being a business family.

Handbook of Qualitative Research Methods for Family Business

Additionally, the network visualization exclusively represented those articles with at least 20 citations in common ... strove to disentangle how a family firm's entrepreneurial attitude is sustained and transferred across generations.

Handbook of Qualitative Research Methods for Family Business

This timely Handbook provides a comprehensive guide to the methodological challenges of qualitative research in family business. Written by an international, multidisciplinary team of experts in the field, the Handbook provides practical guidance based on the experiences of senior researchers, and features reflective discussion on how to craft insightful, rigorous studies.