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Family entrepreneurship : insights from leading experts on successful multi-generational entrepreneurial families
- Available as
- Online
Details
- Creator
- Matt R. Allen, William B. Gartner, editors
- Format
- Books
- Language
- English
- Publication
-
- Cham : Palgrave Macmillan, [2021]
- Physical Details
-
- 1 online resource
- ISBNs
- 3030668460, 9783030668457, 9783030668471, 3030668452, 9783030668464
- OCLC
- on1245472127
- Electronic reproduction. Ann Arbor, MI Available via World Wide Web.
- Intro -- Contents -- Notes on Contributors -- List of Figures -- List of Exhibits -- List of Tables -- 1: The Secrets of Successful Entrepreneurial Families: Insights from the World's Experts on Multi-Generational Entrepreneurial Families -- Introduction -- Reference -- Part I: Characteristics of the Entrepreneurial Family -- 2: Family Capital: The Key to Entrepreneurial and Family Success -- Model of Family Capital -- Family Structure -- Family Culture -- Family Activities -- Family Trust -- Repairing Interpersonal Trust -- Repairing Competence Trust -- Repairing Institutional Trust -- Family Capital Transfer Activities -- The Outcomes of Family Capital -- Conclusion -- References -- 3: The Essential Role of Trust in Family Business Entrepreneurship -- Trust: What Is It? -- Building Entrepreneurial Trust -- Ability: The Skill to Succeed and Risk of an Assassin -- Benevolence: The Care and Concern for the Family and the Risk of the Schlemiel -- Integrity: Principle-Driven Leader or the Risk of the Zealous Martyr -- Broken Trust -- References -- 4: Managing Legacy, Achievement and Identity in Entrepreneurial Families -- A Framework for Success in Family Firms -- Lessons from Field Research -- Identity Questions and Tensions -- Making Family an Identity Workspace -- Conclusion: Achieving an Entrepreneurial Legacy -- Coda -- References -- 5: Discerning the Importance and Nature of the Family System in Relation to the Family Firm: A Paradigm Shift -- Introduction -- Defining the Family Firm -- Purpose and Objectives -- The Importance of the Family System in Relation to the Family Firm -- Conceptual Frameworks of the Family Firm -- The Sustainable Family Business Theory -- The Sustainable Family Business Theory Constructs -- The SFBT Sustainable Family Business Theory Assumptions -- Entrepreneurial Value Creation Theory in Relation to the Family Firms
- The Unique Nature and Dynamics of the Family Firm -- Prevailing Family Firm Myths -- The Dilemmas of the Prevailing Family Firm Myths -- Exemplar Nexuses Between Family and Entrepreneurial Firms -- The Secrets or Hidden Truths of the Family Firm -- The Challenge of a Paradigm Shift -- Implications for Researchers -- Implications for Practice -- The Implications of a Paradigm Shift -- References -- Part II: Preparing the New Generation of Family Entrepreneurs -- 6: Can Entrepreneurship Be Continued from One Generation to the Next? The Answer to that Question Can Be Found in the Socialization Process -- Socialization -- Socializing Entrepreneurship -- Conclusion -- References -- 7: Tilling the Soil-And Wait and See How the Next Generation Develops -- Introduction -- Why it is So Important That No Coercion is Used -- How to Cultivate the Field in a Way That Promotes Entrepreneurial Mindsets of the Next Generation without Putting Pressure on Them -- How Wide the Range of Harvest Results from the Cultivated Field Can Be -- Conclusion -- References -- Part III: Developing Entrepreneurial Leaders -- 8: Sustaining a Multi-Generational Family Enterprise Through Ambidextrous Leadership -- Introduction -- Explorations -- Exploitations -- Concluding Insights -- 9: The Importance of Externally Focused Self-awareness to Family Entrepreneurship -- Externally Focused Self-Awareness in the Family Business -- Linking Family Entrepreneurship to Self-awareness -- What is the Antidote for Low Self-awareness? -- How Do We Get There? Developmental Conversations -- Conclusion -- References -- Part IV: Advancing Family Entrepreneurship -- 10: Antecedents to Entrepreneurship: How Successful Business Families Nurture Agency and Kindle the Dreams of the Next Generation -- Agency Within Family Enterprise -- Modeling -- Conveying an Honest Family Narrative -- Persevering Together
- Nurturing and Giving Permission to Dream -- Fostering Curiosity -- Conveying Scarcity in a Context of Abundance -- Entrepreneurship Funds: At the Right Time and in the Right Way ... -- Entrepreneurial Challenges Ahead -- References -- 11: Who Do You Think You Are? Who Do They Think You Are? The Golden Cage and the Silver Spoon -- The Golden Cage of the Successor's Social Representation -- National Newspapers and Metaphors -- Largo Winch BD: The Everyday Life of a Family Business Successor -- Becoming Who You Want to Be or Who They Want You to Be? -- The Next Generation Entrepreneur in Practice -- Conclusion -- References -- 12: From Family Businesses to Entrepreneurial Families: Tacit Knowledge at the Core of Entrepreneurial Learning -- The Family as an Entrepreneurial System -- Tacit Knowledge and Entrepreneurial Learning -- References -- 13: The Successor Conundrum: A Moral Dilemma -- No Room for Rebels -- Impossible Emancipation? -- What About Entrepreneurship? -- References -- 14: Family Entrepreneurship Education: Where Are We? Where Do We Need to Go from Here? -- Introduction -- Where We Are Now -- Where We Should Go from Here -- Conclusion -- References -- Part V: Establishing the Entrepreneurial Family -- 15: Intrapreneurship: A New Lens on Developing Capability in the Rising Generation -- Introduction -- Why Intrapreneurship Matters to Family Enterprises -- Intrapreneurial Capability in a Family Enterprise -- The Need for a Broad-Based View of Intrapreneurship -- The Importance of Development -- How to Build an Intrapreneurial Skillset -- Individual Dimension -- Family Dimension -- Ownership Dimension -- Business/Industry Dimension -- Becoming an Intrapreneurial Learning Family -- Where to Start -- 16: Gathering Multiple Generations at the Dining Room: The Secret Toward an Entrepreneurial Family Continuity
- Secret 1: Identify Next Generation Intrinsic Motivation to Develop or Participate in Entrepreneurship Projects -- Secret 2: Take Advantage of the Genuine Motivation of the Entrepreneurial Family Leader for the Firm Growth and Leave a Legacy -- Secret 3: Change your Mindset as a Leader of the Entrepreneurial Family (from One Man Band Controller to Mentor Orchestra Director) -- Secret 4: Empower the Rising Generation (Boost Your Self-Esteem and Show Results) -- Secret 5: Create a Space for Transfer Knowledge Among Generations -- Secret 6: Establish the Strategic Role of Facilitating and Accompanying -- Secret 7: Incorporate Innovative Learning Tools and Activities for the Creation of Entrepreneurial Family Value -- Secret 8: Create or Participate in a Formal Transgenerational Entrepreneurship Learning Program for Your Business Family -- In Practice -- Pre-Hispanic Corporation -- Conclusions -- References -- 17: Two Sides of the Same Coin-How Intra-Family Communication Affects Entrepreneurial Spirit over Generations in Family Businesses -- Introduction -- Intra-Family Communication Behind the Business-Two Sides of the Same Coin -- Practical Implications -- Practical Takeaways for Business Families -- Conclusion -- References -- 18: The Family Business University: How to Live, Create and Tell Your Family Business Story -- Introduction -- Putting the Family in Family Business -- The Family Business Incubator -- Storytelling -- Learning Business -- The Imprinting of Entrepreneurship -- Learning Your Family Business-The Family Business University -- Concluding Remarks -- References -- Part VI: Fostering Family Entrepreneurs -- 19: Nurturing the Next-Generation Family Entrepreneurs in the Business Family -- TPB and Business Family Entrepreneurship -- Developing Efficacy Through Mentoring -- The Who of Mentoring the NGFE -- The How of Mentoring the NGFE
- Beyond Mentoring -- Epilogue -- Implications for the Business Family -- References -- 20: Upping Your Family's Entrepreneurial Game -- Communicate Your Stories Well -- Establish Structures Before You Need Them -- Calibrate Your Support -- Test for Viability -- Offer Benefits Beyond Money -- Give "Boosts" Without Micromanaging -- Give Space -- Support Aspiring Entrepreneurs Who Want to Flourish on Their Own -- Allow an Intrapreneur Breathing Room -- Allow Them to Fail -- Conclusion -- Case Study: A "Pot of Gold" with Rules and Communication -- The Story -- What They Did -- What They Learned -- What We Advised -- Questions for You to Consider -- Part VII: The Future of Family Entrepreneurship -- 21: Fostering Entrepreneurialism and Intrapreneurialism Within the Family Enterprise System -- Enterprising Families in Times of Change and Disruption -- Growing Desire of Enterprising Families to Foster Entrepreneurialism -- Trend 1: Fostering Entrepreneurialism and Intrapreneurialism Within the Family Enterprise System -- Trend 2: Engaging with the External Entrepreneurial Ecosystem -- Five Mechanisms of Fostering Entrepreneurialism and Intrapreneurialism Within the Family Enterprise System -- Illustrating Family Entrepreneurialism, Family Intrapreneurialism, and Engaging with the External Entrepreneurial Ecosystem: Case Studies -- Mechanism 1: Family Entrepreneurialism. Association Familiale Mulliez (AFM) -- Mechanism 2: Family Intrapreneurialism. De Agostini -- Mechanism 3: Family Investments in the External Ecosystem. Pentland Group -- Lessons Learned -- 22: From Allocators to Acquirers: The Family Investing Model and Transgenerational Entrepreneurship -- The Dual Challenge of Business and Family -- The Family Investing Model -- How Families Are Getting It Right -- Alignment Around Purpose and Process -- Investment Focus -- Governance & amp -- Operations
Subjects
- Family-owned business enterprises.
- Entrepreneurship.
- Success in business.
- Entrepreneurship
Medical Subject Heading