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Entrepreneurial Essence in Family Businesses

Entrepreneurial Essence in Family Businesses
Author: Bernardo Bertoldi
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN: 9783030637439

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This monograph seeks to identify the mechanism that successfully guides the continuity of the family business through generations. Different perspectives have been used through years: from the identification of the entrepreneurial characteristics to the succession model implemented, and to the educational path for the next generations of entrepreneurs. In this context, the book focuses the attention on the link between different generations of entrepreneurs. In particular, it presents and analyzes the evolutive circle of the family business among generations. This approach permits a holistic view of the intergenerational entrepreneurship within the entrepreneurial families and their businesses. Once intergenerational entrepreneurship has been deeply described, two areas in which the next generation must excel are analyzed: the adaptation to the evolution of the external environment, and the leadership attitude. The author's central message is that evolution happens when the entrepreneurial processes are absorbed by the next generation through the learning of heuristics. Having a leadership style is more than setting a vision, which has to do with strategy and taking important decisions. .


Entrepreneurial Essence in Family Businesses

Entrepreneurial Essence in Family Businesses
Author: Bernardo Bertoldi
Publisher: Springer Nature
Total Pages: 166
Release: 2021-01-04
Genre: Business & Economics
ISBN: 3030637425

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This monograph seeks to identify the mechanism that successfully guides the continuity of the family business through generations. Different perspectives have been used through years: from the identification of the entrepreneurial characteristics to the succession model implemented, and to the educational path for the next generations of entrepreneurs. In this context, the book focuses the attention on the link between different generations of entrepreneurs. In particular, it presents and analyzes the evolutive circle of the family business among generations. This approach permits a holistic view of the intergenerational entrepreneurship within the entrepreneurial families and their businesses. Once intergenerational entrepreneurship has been deeply described, two areas in which the next generation must excel are analyzed: the adaptation to the evolution of the external environment, and the leadership attitude. The author's central message is that evolution happens when the entrepreneurial processes are absorbed by the next generation through the learning of heuristics. Having a leadership style is more than setting a vision, which has to do with strategy and taking important decisions.


Entrepreneurs in Every Generation

Entrepreneurs in Every Generation
Author: Allan Cohen
Publisher: Berrett-Koehler Publishers
Total Pages: 314
Release: 2016-06-06
Genre: Business & Economics
ISBN: 1626561680

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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.


Entrepreneurship and Family Business

Entrepreneurship and Family Business
Author: Jerome A. Katz
Publisher: Emerald Group Publishing
Total Pages: 427
Release: 2010-06-23
Genre: Business & Economics
ISBN: 0857240978

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Deals with the issue of entrepreneurship and family business. This title considers the issues, problems, contexts, or processes that make a family firm more entrepreneurial. It covers topics such as the emergence and growth of family businesses, and the use of entrepreneurial policies, practices and strategies by family firms.


The Two Sides of the Business Family

The Two Sides of the Business Family
Author: Arist von Schlippe
Publisher: Springer Nature
Total Pages: 260
Release: 2021-01-04
Genre: Business & Economics
ISBN: 3030602001

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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.


Family Business and Management

Family Business and Management
Author: Magdalena Biel
Publisher: Taylor & Francis
Total Pages: 199
Release: 2022-08-12
Genre: Business & Economics
ISBN: 1000637433

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Family Business and Management: Objectives, Theory, and Practice characterizes the specificity of the functioning of family businesses through the prism of their objectives. It contains both theoretical considerations about the essence of family entrepreneurship and the objectives set by family businesses, as well as the results of a survey conducted among family business managers. The study concerned the objectives of family businesses and made it possible to confront the planned objectives with those actually implemented by these entities. Thanks to this approach, it is possible to assess the effectiveness of management, taking into account both business and non-business (family) aspirations. The classification models created in the course of the analyzes additionally help to organize the population of family businesses and better understand its diversity. The book also shows the impact of succession plans on setting objectives, as well as the importance of the management styles used in the implementation of objectives set by family businesses. This book will be valuable to students at an advanced level, academics, and practitioners. It addresses the topics with regard to management and organizational studies and will be of interest to organizational scholars, consultants, and leaders interested in establishing and realizing goals in family business.


Family Entrepreneurship

Family Entrepreneurship
Author: Matt R. Allen
Publisher: Springer Nature
Total Pages: 344
Release: 2021-04-05
Genre: Business & Economics
ISBN: 3030668460

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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.


Entrepreneurship in Family Business

Entrepreneurship in Family Business
Author: Henry X Shi
Publisher: Springer Science & Business Media
Total Pages: 178
Release: 2014-02-20
Genre: Business & Economics
ISBN: 3319043048

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This book presents an excellent analysis of how a family business is different from other forms of organization and especially its peculiarities in relation to entrepreneurship. Focusing on small and medium-sized second-generation Chinese family businesses this book provides an in-depth analysis on the relationship between the firms’ family attributes – or “familiness” as conceptualized in this book – and entrepreneurial processes, which leads to different outcomes. Eight cases from China are presented in this book and a dual-level approach is proposed for research on entrepreneurship in family businesses, emphasising both firm processes and the role of individual owner-managers. Readers will also find several useful policy and practice-oriented perspectives in this book.


Understanding Entrepreneurial Family Businesses in Uncertain Environments

Understanding Entrepreneurial Family Businesses in Uncertain Environments
Author: Mattias Nordqvist
Publisher: Edward Elgar Publishing
Total Pages: 329
Release: 2011-01-01
Genre: Business & Economics
ISBN: 1849804737

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This thorough volume describes and analyzes entrepreneurial family businesses in Latin American countries. The research presented here has been conducted within the Global STEP (Successful Transgenerational Entrepreneurship Practices) Project. Dealing with some of the most important opportunities and challenges that Latin American family businesses face, particular attention is given to the uncertainty that characterizes most business environments in Latin American countries. The authors argue that while uncertainty is always a central characteristic of entrepreneurial processes and activities, uncertainty is particularly pronounced for Latin American family businesses striving to grow. In addition to a comprehensive introductory chapter that outlines the book's core concepts, including transgenerational entrepreneurship, entrepreneurial orientation, resources, capabilities and uncertainty, the book describes the main characteristics of entrepreneurship and family businesses in Latin America. It also brings together a unique set of empirical case-based research papers that investigate transgenerational entrepreneurship in different Latin American family business contexts. The unique contributions found here include studies on: Hostile environments and entrepreneurial orientation The influence of culture on governance and innovativeness Governance structures and entrepreneurial performance Family conflict as a source of entrepreneurial opportunities Entrepreneurship in transgenerational processes by means of social capital Knowledge integration and entrepreneurial behavior The role of tacit knowledge in the identification of entrepreneurial opportunities Financial issues in entrepreneurial family businesses Communication during the entrance of new generations into the family business Students and scholars of entrepreneurship the world over will find much of note in this carefully researched work. So too will anyone interested in sustaining a successful transgenerational family business.


Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business

Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business
Author: Saiz-Álvarez, José Manuel
Publisher: IGI Global
Total Pages: 559
Release: 2019-04-15
Genre: Business & Economics
ISBN: 1522580131

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This reference book is an IGI Global Core Reference for 2019 as it provides trending research on family businesses. With the recent boom in entrepreneurship and the maker market, this publication will provide the timeliest research outlining how family businesses can enhance their business practices to ensure sustainability. The Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business is a collection of innovative research on business and leadership strategies that can be applied to family firms in order to boost efficiency, competitiveness, and optimal use of resource allocation to compete internationally. While highlighting topics including global leadership, knowledge creation, and market performance, this book is ideally designed for business managers, management professionals, executives, researchers, academicians, and students seeking current research on the entrepreneurship role of family businesses in the modern economic age.