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Family Firms (FFs) form the majority of all firms around the world and they account for an enormous percentage of the employment, the revenue, and the GDP of most capitalist countries. While MNCs have long been thought of as the main contributors to international business, it is now recognised that a substantial number of family firms are active in the international arena. This handbook focuses on the features which make family firm internationalization unique. Chapters provide FF specific theories and cover the process of FF internationalization. It examines the role of network ties and provides an insight into the development of family firms that have grown into big multinationals. Importantly this Handbook equips you with a better understanding of specific features of family firms as they internationalize from or to Asian or emerging markets. Family firms offer a fruitful context to study internationalization through a process perspective, therefore this Handbook is an invaluable source of knowledge for students, scholars and policy makers in the areas of family business, entrepreneurship and internationalization.
Family Firms (FFs) form the majority of all firms around the world and they account for an enormous percentage of the employment, the revenue, and the GDP of most capitalist countries. While MNCs have long been thought of as the main contributors to international business, it is now recognised that a substantial number of family firms are active in the international arena. This handbook focuses on the features which make family firm internationalization unique. Chapters provide FF specific theories and cover the process of FF internationalization. It examines the role of network ties and provides an insight into the development of family firms that have grown into big multinationals. Importantly this Handbook equips you with a better understanding of specific features of family firms as they internationalize from or to Asian or emerging markets. Family firms offer a fruitful context to study internationalization through a process perspective, therefore this Handbook is an invaluable source of knowledge for students, scholars and policy makers in the areas of family business, entrepreneurship and internationalization.
Today, far-reaching technological developments are making a deep impact on societies and economic environments worldwide. New digital platforms infrastructure (fintech, data analytics, mobility, mobile business apps, nanotech, robotics, new space economy, artificial intelligence, virtual reality, cryptocurrencies, the internet of things, cloud computing and blockchain) are drawing us inexorably into a new globalized digital economy based on knowledge and mobility. In this context of fast-paced change, new creative industries, still in a state of flux, have arisen, while others have disappeared, at least in their traditional form. Moreover, the intermixing of these new technologies has led to a redrawing of boundaries and an increase in their porosity thanks to the links that have developed between the new and the traditional industries. This extends the limits of entrepreneurship out towards new industries but also towards industries with high barriers to entry due to regulatory, technological or structural factors such as space, finance, aeronautics, IT hardware and health industries. For a growing number of people, these new technologies, considered as "external enablers", lead to a democratization of entrepreneurship and a lowering of the barriers to starting up a company by reducing (or eliminating) the difficulties inherent in the entrepreneurial phenomenon in its "classical" configuration, such as high resource intensity, uncertainty, limited time or information asymmetry. This new context, by offering new spaces for the creation, identification and exploitation of business opportunities, clearly extends the range of possibilities for a discipline such as entrepreneurship. In addition, digitalization has helped to break down the boundaries between the different phases of the entrepreneurial process. Few studies in the discipline, however, have examined the impact of these technological disruptions not only using the existing paradigms, but also by re-examining our very conception of the entrepreneurial phenomenon in terms of its evolving nature and shifting contours. The aim of this handbook is that can be used both by academics aiming to familiarize themselves with the state of research and theory within topics and subtopics in digital entrepreneurship, as well as practicing entrepreneurs and managers aiming to familiarize themselves with leading edge practices and insights in digital entrepreneurship.
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