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ÔThere is so much to praise in this important and timely book. Drawing on unique, fresh and intimate qualitative studies of families and the complex histories of their lives and businesses, the book will invigorate entrepreneurial studies with its intricate, theoretically bold and innovative analysis. The author takes us on a sensitive and fascinating journey with these families, and makes an outstanding contribution conceptually, politically, ethically and methodologically to the field, showing us how narratives are not simply methodological tools but ontological resources for gender and identify formation. It is an elegant and refreshing book which will be a rewarding and enlivening read for students and researchers.Õ Ð Elaine Swan, University of Technology Sydney, Australia ÔThoughtful, perceptive, and meticulously researched, Eleanor HamiltonÕs Entrepreneurship across Generations is an important contribution that will help advance the field of family business studies both conceptually and empirically. Based on fascinating field work with families in business and placing ÒfamilyÓ at the very heart of her study, Hamilton shows, through the stories her subjects tell, just how deeply and complexly family and firm are intertwined. A must-read for all those interested in family firm entrepreneurship.Õ Ð Andrew Popp, University of Liverpool Management School, UK Entrepreneurship across Generations examines dimensions of identity, gender and learning to understand the complex fabric of family business. An interpretation of narratives from two generations in five families constitutes entrepreneurship as an inherently social, rather than individual, phenomenon. This enriching book explains how entrepreneurial capacity is shared between generations, showing how learning is embedded within everyday social practice in the family and the business. It explores patriarchal practice and gendered entrepreneurial identities in family business. The author challenges dominant discourses of entrepreneurship. She argues that entrepreneurial identities are mediated by narrative and subject to constant negotiation within and across generations. With a new perspective on entrepreneurship, this insightful study will be essential and supplementary reading for students and practitioners within the field of entrepreneurship and family business.
Introducing a new concept in family businesses Transgenerational Entrepreneurship addresses how these businesses achieve growth and longevity through entrepreneurial activities. It focuses on the resources, capabilities and mindsets that families develop and draw upon in order to be entrepreneurial across generations, and presents findings from an international research collaboration between family business researchers and practitioners. In addition to a comprehensive conceptual chapter, the editors include a unique set of empirical case-based research papers that investigates transgenerational entrepreneurship in different European contexts. They bring together and integrate frontier research on entrepreneurship and family business, as well as provide a basis for future research. Academics, teachers and students in business and management, entrepreneurship and family business will find this path-breaking book of value, as will libraries, policy makers and consultants.
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.
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.
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.
Research suggests that children of self-employed parents and children belonging to family businesses are much more likely to pursue entrepreneurial careers. But while nature is a critical driving force behind intergenerational entrepreneurship, nurture seems to be even more important. The next question, and the overarching goal of this dissertation, is how do enterprising families defined as families who own more than one business, but don't necessarily do so together nurture the next generation of entrepreneurs? Of particular importance to discovering the process of intergenerational entrepreneurship, is understanding why some siblings follow an entrepreneurial path while others actively avoid it. Using a constructivist grounded theory approach, 35 family members across eight enterprising families were interviewed. The findings suggest a critical determinant of who becomes an entrepreneur is based on children's entrepreneurial sensemaking, which they form throughout their experiences in childhood and adolescence. Child-specific characteristics, such as entrepreneurial innateness, as well as the presence of family system facilitators, were critical factors that influenced the valence of children's entrepreneurial sensemaking (i.e., negative, positive, balanced), which in turn influenced their career trajectories (i.e., never entrepreneurs, legacy entrepreneurs, open professionals). These findings have important practical implications for the sustainability of enterprising families.
Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.
Finding the right successor to a well-loved founder or president is often the most difficult task an organization faces-and the challenge is even greater for family-run businesses. From mom-and-pop grocery stores to vast multinationals, family-owned companies dominate the worldwide business landscape, yet surprisingly few are successfully passed down from one generation to the next, and fewer still reach the third generation intact. Author Ivan Lansberg, an organizational psychologist who grew up in a family business, explores the reasons behind this high failure rate, and reveals the conditions that allow family businesses to endure through the generations. Family enterprises are highly personal, says Lansberg, and many elaborate succession plans are thwarted because deeper psychological factors are overlooked. Lansberg stresses the need for families to share a common "dream" for their company, much like a business has a unified mission. Succeeding Generations helps us to understand all aspects-the practical and the emotional-of the succession process, as Lansberg offers advice on how to mentor successors, how to set up a systematic selection process, and how to make the best use of the board of directors during times of transition. He also provides the first clear assessment of the different options, from direct successions between a parent and a single appointed heir to more complex partnerships between siblings and cousins. With a wealth of examples from companies in the U.S., Europe, and Latin America, Succeeding Generations provides a thoughtful and comprehensive look at the sensitive dynamics of leadership succession in family businesses. Planning for continuity is a life-long process for families in business, and Succeeding Generations is the first book to provide in-depth answers to the questions that arise at every stage in the evolution of the family firm.
Family businesses are known to contribute significantly to economies around the world. With the option to harvest their businesses at any one point, there is a pressing need to promote the sustainability of family businesses, for economic and social prosperity. This study investigates how entrepreneurial family businesses can be sustained across generations, and speaks to the nexus of three significant bodies of literature -- family business, succession, and entrepreneurship. Three in depth case studies of medium-sized intergenerational winegrowers in New Zealand, informed the basis of this qualitative study. An appreciative inquiry approach was influential in carrying out fieldwork. All family members involved in the business were interviewed, as were a sample of employees. Data were presented through illustrative within-case findings and then distilled into themes. From the emergent themes, three theoretical dimensions were derived: knowledge sharing, entrepreneurial orientation, and resource capabilities. These dimensions, contingent on the influence a family has over their business (as assessed by the F-PEC scale), were displayed as a theoretical model promoting sustainable entrepreneurial family businesses across generations. Beyond this theoretical model, each of the dimensions were explored individually, and developed further, in light of this thesis's primary research question: "In what ways can entrepreneurial family businesses be sustained across generations?". The purpose of presenting these extensions was to provide practical explanation, and potential tools that could be utilised in future academic research, and as practical explanatory aides for family businesses themselves. The main conclusion of this research is that entrepreneurial family businesses can be sustained across generations through the promotion of knowledge sharing, adopting an appropriate entrepreneurial orientation, and being explicitly aware of their resource capabilities. For a family business to be sustained across generations with the promotion of these dimensions, the importance of influence that the family has over the business was highlighted. This conclusion contributes to family business and entrepreneurship theory by linking family business and entrepreneurship through the succession process. In addition, the application of an appreciative inquiry offers a perspective that is often overlooked. In contrast to most studies in family business and entrepreneurship research, this study develops an understanding of what works well in family businesses that have successfully managed family continuity across generations, and engaged in entrepreneurial behaviour through the life cycle of the business.
Generation Z (Gen Z) is the demographic cohort also known as Post-Millennials, the iGeneration or the Homeland Generation. Referring to individuals born roughly between the mid-1990s and the early 2000s, they are our youngest consumers, students, colleagues, and voters. Understanding them is a key aspect. In the context of the hospitality and tourism, Gen Z-ers represent the future in human resources, and service production and consumption. This book focuses on the aspirations, expectations, preferences and behaviours related to individuals within this demographic. It critically discusses their dynamism in driving the tourism sector and offers insights into the roles that Gen Z will inhabit as visitors, guests, consumers, employees, and entrepreneurs. This book is a valuable resource for managers, scholars and students interested in acquiring concrete knowledge on how Gen Z will shape the marketing and management of tourism-related services.