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This book describes the sustainable development journey of 15
business families committed to using their enterprises as a force
of societal good. In turn, each family reaps benefits of high
economic returns, while contributing to society and environment.
The youngest family firm is in its 20s, while there are others over
100 years of age. Size, industry, locations vary. But all these
business families share a deep shared commitment towards
sustainable development, control over strategic decision-making in
their firms and trans-generational continuity intentions. Family
values embed their enterprises with a strong sense of purpose to
achieve their chosen sustainable development goals.
Professionalized systems and processes foster the development of
capabilities, and partnerships with a variety of stakeholders
ensure the simultaneous achievement of social, environmental and
profitability goals. Educators, students, policy makers and
business families interested in sustainable development will find
new understanding of family business through Pioneering Family
Firms' Sustainable Development Strategies.
This book describes the sustainable development journey of 15
business families committed to using their enterprises as a force
of societal good. In turn, each family reaps benefits of high
economic returns, while contributing to society and environment.
The youngest family firm is in its 20s, while there are others over
100 years of age. Size, industry, locations vary. But all these
business families share a deep shared commitment towards
sustainable development, control over strategic decision-making in
their firms and trans-generational continuity intentions. Family
values embed their enterprises with a strong sense of purpose to
achieve their chosen sustainable development goals.
Professionalized systems and processes foster the development of
capabilities, and partnerships with a variety of stakeholders
ensure the simultaneous achievement of social, environmental and
profitability goals. Educators, students, policy makers and
business families interested in sustainable development will find
new understanding of family business through Pioneering Family
Firms' Sustainable Development Strategies.
This book catalogs the 215 most-cited empirical, theoretical, and
practical articles on family business published in 33 journals
since 1996. Researchers, students, and practicing managers will
find it indispensable as a quick reference and guide to what we
have learned about family firms. Annotations for the articles
consist of: summary of key findings, research questions,
contributions, and research implications. They also include a
detailed description of the methodologies, empirical data,
definitions, and conceptual models used. In addition, the book
features chapters that review the literature, discuss how family
businesses have been defined, present recent trends in family
business empirical research, and provide an agenda for future
research. Scholars, researchers and PhD students in the fields of
family business, entrepreneurship, organization theory, management,
economics, finance, anthropology, sociology and business history
will find this compendium insightful. The topics covered in the
book will also prove to be essential to practitioners - both
advisors and operators of family enterprises - as it will provide
evidence-based knowledge on the issues and dilemmas faced by them
in everyday life.
Transgenerational entrepreneurship, as a discipline, examines the
processes, resources and capabilities that allow family enterprises
to create social and economic value over time in order to succeed
beyond the first generation of business owners. While tangible
resources such as financial and physical capital are certainly
important factors in the long-term success of a family-run
business, this book focuses specifically on the role of intangible
resources and capabilities, which are less easily quantifiable but
equally vital.Drawing insights from in-depth longitudinal studies
of twenty-six family firms in twelve countries, the contributors
discuss the critical role of intangible assets such as values,
virtues, tacit knowledge and learning, professionalization,
internal and external social networks, and reputation. Each chapter
includes both a case study that serves as a practical illustration
of a particular topic as well as a discussion of the theoretical
perspectives and broader implications. Featuring both contributors
and case studies from across the world, this volume provides a
truly global approach to the study of transgenerational
entrepreneurship. Professors and students of business and
management, entrepreneurship and family business studies will find
this book a fascinating addition to their libraries, as will family
business owners, consultants and researchers. Contributors: K. Au,
N. Auletta, W. Balunywa, J.C.Y. Cheng, M.-G. Chirita, L. Cisneros,
E. Clinton, B. Deschamps, R.-L. DeWitt, A. Gimeno, G. Gonzalez C.,
A.C. Gonzalez L., F.H.C. Ho, P. Monteferrante, S. Nagujja, R.S.
Nason, D.N. Ntamu, L.E. Orozco C., M.J. Parada, K. Ramachandran, A.
Rodriguez, P. Rosa, P. Sharma, P. Sieger
An impressive team of editors from Asia, Europe, North and South
America has compiled cutting-edge research on family businesses. In
these chapters, we gain a global perspective of the entrepreneurial
approaches families are taking to prepare the next generation of
leaders. We learn strategies for family firms to survive and
prosper. And we find there are lessons here that non-family
businesses can apply to make transitions successful.' - Francis
Hoy, Worcester Polytechnic Institute, USThis 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. Contributors: N. Auletta, B. Bardai, P. Bender,
N. Bhatnagar, F.H. Bos, M. Brumana, L. Cassia, J.P. Coen Rigtering,
A. De Massis, R.-L. DeWitt, L. Diaz Matajira, A. Discua Cruz, A.
Gimeno, G. Gonzalez Couture, D. Grzybovski, M. Heetebrij-van
Dalfsen, H. Higashide, N. Kozono, C. Lechner, I.A. Matser, T.
Minola, L. Mohd Nor, A. Nilsson, M.J. Parada, K. Ramachandran, M.
Ramirez-Pasillas, M.T. Roscoe, P. Sharma, A. Vieira, S.R. Xavier,
K. Yamaguchi, M. Yusof
Interest in the study of family business has increased
significantly over the last decade. The research on this subject -
and the related subject of entrepreneurship - has developed in
parallel within a number of different disciplines, making it the
perfect candidate for an annotated bibliography. This book aims to
catalog the major empirical, theoretical, and practical articles on
family business. Included for each article listed are a summary of
key findings, and a list of the methodologies and key conceptual
models used. It also features a review of the literature, a
discussion of how family businesses have been defined, and agenda
for future research into both family business and entrepreneurship
studies.
Interest in the study of family business has increased
significantly over the last decade. The research on this subject -
and the related subject of entrepreneurship - has developed in
parallel within a number of different disciplines, making it the
perfect candidate for an annotated bibliography. This book aims to
catalog the major empirical, theoretical, and practical articles on
family business. Included for each article listed are a summary of
key findings, and a list of the methodologies and key conceptual
models used. It also features a review of the literature, a
discussion of how family businesses have been defined, and agenda
for future research into both family business and entrepreneurship
studies.
Sustainable businesses create economic and social value while
simultaneously protecting the natural environment for future
generations. This examination of environmental sustainability
through the lens of the family business identifies factors that
help family and non-family organizations address the dilemma of
balancing short-term productivity, efficiency and profitability
objectives, with innovating for long-term sustainable value
creation. Exploring the case of the wine industry - an industry
characterized by a variety of governance systems - Sanjay and
Pramodita Sharma develop fresh insights into influences and drivers
for proactive environmental strategies to address major global
sustainability challenges. By doing so, the authors are able to
demonstrate that family firms with a focus on trans-generational
continuity of business, long temporal orientation, shared vision,
faster decision-making processes, and the goal of preserving
socio-emotional wealth are more likely to make patient long-term
investments for innovations in products, services, processes and
business models to address environmental sustainability challenges.
Sustainable businesses create economic and social value while
simultaneously protecting the natural environment for future
generations. This examination of environmental sustainability
through the lens of the family business identifies factors that
help family and non-family organizations address the dilemma of
balancing short-term productivity, efficiency and profitability
objectives, with innovating for long-term sustainable value
creation. Exploring the case of the wine industry - an industry
characterized by a variety of governance systems - Sanjay and
Pramodita Sharma develop fresh insights into influences and drivers
for proactive environmental strategies to address major global
sustainability challenges. By doing so, the authors are able to
demonstrate that family firms with a focus on trans-generational
continuity of business, long temporal orientation, shared vision,
faster decision-making processes, and the goal of preserving
socio-emotional wealth are more likely to make patient long-term
investments for innovations in products, services, processes and
business models to address environmental sustainability challenges.
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