Publisher Description

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.

Back Cover

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.

Author Biography

Matt R. Allen is Associate Professor in the Entrepreneurship Division, and family fellow in the Institute for Family Entrepreneurship at Babson College. His expertise is in the effective management of human capital within entrepreneurial environments, especially family enterprises. His current research is focused on the role of the family in the entrepreneurial process and how to build entrepreneurialcapability across generations. Matt designed and is leading the Family Entrepreneurship Amplifier program, a one-of-a-kind education program for business families that engages students and their families in the learning process in order to build entrepreneurial capability. William B. Gartner is the Bertarelli Foundation Distinguished Professor of Family Entrepreneurship at Babson College. He is recognized as a leading scholar in the field of entrepreneurship by such awards as: the 2005 Swedish Entrepreneurship Foundation International Award for outstanding contributions to entrepreneurship and small business research; the 2013 Academy of Management Entrepreneurship Division Foundational Paper Award; and the 2016 Academy of Management Entrepreneurship Division Dedication to Entrepreneurship Award. His scholarship spans a wide array of topics in the entrepreneurship field: entrepreneurship as practice, the social construction of the future, varieties of value creation and appropriation, translating entrepreneurship across cultures and countries, the poetics of exchange, the demographics of entrepreneurial families, and, the nature of legacy in family entrepreneurship.

Table of Contents

1. The Secrets of Successful Entrepreneurial Families: Insights from the World's Experts on Multi-Generational Entrepreneurial Families.- Part 1: Characteristics of the Entrepreneurial Family.- 2. Family Capital: The Key to Entrepreneurial and Family Success.- 3: The Essential Role of Trust in Family Business Entrepreneurship.- 4:  Managing Legacy, Achievement and Identity in Entrepreneurial Families.- 5: Discerning the Importance and Nature of the Family System in Relation to the Family Firm: A Paradigm Shift.- Part 2: Preparing the New Generation of Family Entrepreneurs.- 6: Can entrepreneurship be continued from one generation to the next? The answer to that question can be found in the socialization process.- 7: Tilling the Soil — and Wait and See how the Next Generation Develops.- Part 3: Developing Entrepreneurial Leaders.- 8: Sustaining a Multi-Generational Family Enterprise Through Ambidextrous Leadership.- 9: The Importance of Externally Focused Self-awareness to Family Entrepreneurship.- Part 4: Advancing Family Entrepreneurship.- 10: Antecedents to Entrepreneurship: How successful business families nurture agency and kindle the dreams of the next generation.- 11: Who do you think you are? Who do they think you are? The golden cage and the silver spoon.- 12: From family businesses to entrepreneurial families: Tacit knowledge at the core of entrepreneurial learning.- 13: The successor conundrum: A moral dilemma.- 14: Family Entrepreneurship Education: Where are we? Where do we need to go from here?.- Part 5: Establishing the Entrepreneurial Family.- 15: Intrapreneurship: A new lens on developing capability in the rising generation.- 16: Gathering multiple generations at the dining room - The secret towards an entrepreneurial family continuity.- 17: Two sides of the same coin – How intra-family communication affects entrepreneurial spirit over generations in family businesses.- 18: The Family Business University: How to Live, Create and Tell your FamilyBusiness Story. Part 6: Fostering Family Entrepreneurs.-19: Nurturing the Next Generation Family Entrepreneurs in the Business Family.- 20: Upping Your Family's Entrepreneurial Game.- Part 7: The Future of Family Entrepreneurship.- 21: Fostering Entrepreneurialism and Intrapreneurialism within the Family Enterprise System.- 22: From Allocators to Acquirers: The Family Investing Model and Transgenerational Entrepreneurship.- 23: Because family cares – building engagement for entrepreneurship through sustainability.- 24: Social capital, entrepreneurship and family businesses.

Feature

First edited book that focuses on family entrepreneurship from both academic and practitioner perspectives Covers all of the major topics and issues facing entrepreneurial families Provides useful insights from experts around the globe about what, specifically, families should do to become more entrepreneurial

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