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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.
Family business is the most prominent form of business
organization, and its importance to the global economy cannot be
under-estimated. Until recently, the impact of the family on
entrepreneurial firms has been under-researched, leading to a
conceptual gap between the two areas of study, and an
underestimation of the contribution of family systems to
entrepreneurial success. Starting from the consideration that
family is an intimate and essential aspect of entrepreneurship,
this book considers connections between family, family members,
entrepreneurial behavior, family business, society and the economy.
Bringing together a unique range of international contributions, it
offers new theoretical perspectives and empirical insights as well
as an in-depth consideration of the diversity of contexts and
processes associated with entrepreneurship in family settings.
Above all, this book opens up a comprehensive research agenda on
the linkages between family, family firms and entrepreneurship and
will be of interest to researchers, educators and advanced students
of entrepreneurship, small firms and family business.
Family business is the most prominent form of business
organization, and its importance to the global economy cannot be
under-estimated. Until recently, the impact of the family on
entrepreneurial firms has been under-researched, leading to a
conceptual gap between the two areas of study, and an
underestimation of the contribution of family systems to
entrepreneurial success. Starting from the consideration that
family is an intimate and essential aspect of entrepreneurship,
this book considers connections between family, family members,
entrepreneurial behavior, family business, society and the economy.
Bringing together a unique range of international contributions, it
offers new theoretical perspectives and empirical insights as well
as an in-depth consideration of the diversity of contexts and
processes associated with entrepreneurship in family settings.
Above all, this book opens up a comprehensive research agenda on
the linkages between family, family firms and entrepreneurship and
will be of interest to researchers, educators and advanced students
of entrepreneurship, small firms and family business.
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