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This book offers a 'contemporary' understanding of families in
business and serves as a springboard for ongoing evolution of
families, their composition, transformations, and activities. The
first chapter in this volume highlights the different approaches to
family and concludes that identifying and understanding the entity
'family in business' is the cornerstone to understanding behaviours
of family businesses. The concept of 'family in business' as a
socially constructed entity allows for not only a broader scope of
the concept to include individuals who share a faith (chapter 2),
but also multi- generational families and chosen families.
Narratives, or stories, are means for families in business to mark
the boundary of the family in business (chapter 3), because not all
members of the family are necessarily members of the family in
business. Families and their businesses influence each other
(chapter 4) and engender the family influence on the firm
('familiness') and firm influence of the family ('enterpriseness').
The last two chapters are dedicated to transgenerational family
businesses, with a focus on learning between generations-chapter 5
highlights the importance of unlearning (to learn new knowledge and
different ways of conducting business) and the final chapter
focuses on what knowledge is actually transferred relative to
initial plans. The chapters in this book were originally published
as a special issue of Entrepreneurship & Regional Development.
This handbook is the definitive source of research on the
differences among family firms. It provides a timely and thorough
investigation of the variant strategies and behaviors undertaken by
family firms today, taking a closer look at different
configurations of family involvement and how they influence
outcomes and success. While studies on differences between family
and non-family firms are deeply rooted in the literature, this
handbook uniquely examines the family firm heterogeneity research
to date and the inner firm governance, financial and non-financial
objectives, and strategies such as innovation, competitive
dynamics, internationalization, and human resources management. The
handbook pulls together the work of the most prominent names in
family business from around the world, separating itself from the
competition both in content and geographical scope. Future research
directions provided in each chapter will spark further
interdisciplinary scholarly work, and will be enlightening for
researchers, educators, and practitioners who are currently limited
to the narrow and exclusive literature and advance the burgeoning
research on this important topic.
This book provides an extensive overview of family business-related
topics such as context and uniqueness, lifecycle and ownership
configurations, conflict management, corporate governance,
succession challenges, internationalization, innovation, and
socioemotional wealth. Each chapter features clear learning
objectives, key concepts and terminology, and dedicated case
studies to demonstrate the main messages. The book not only
considers the day-to-day dynamics in family businesses, but also
places substantial emphasis on the entrepreneurial skills needed
for these businesses to survive and thrive, today and tomorrow. In
addition, it elaborates and discusses a number of best practice
examples, which offer valuable guidance not only for scholars, but
also for students who wish to study these challenges.
This handbook is the definitive source of research on the
differences among family firms. It provides a timely and thorough
investigation of the variant strategies and behaviors undertaken by
family firms today, taking a closer look at different
configurations of family involvement and how they influence
outcomes and success. While studies on differences between family
and non-family firms are deeply rooted in the literature, this
handbook uniquely examines the family firm heterogeneity research
to date and the inner firm governance, financial and non-financial
objectives, and strategies such as innovation, competitive
dynamics, internationalization, and human resources management. The
handbook pulls together the work of the most prominent names in
family business from around the world, separating itself from the
competition both in content and geographical scope. Future research
directions provided in each chapter will spark further
interdisciplinary scholarly work, and will be enlightening for
researchers, educators, and practitioners who are currently limited
to the narrow and exclusive literature and advance the burgeoning
research on this important topic.
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