Families in Business: The Next Generation of Family Evolution

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Kathleen Randerson (Audencia, France) Hermann Frank (WU Vienna University of Economics and Business, Austria)

Families in Business

The Next Generation of Family Evolution

Kathleen Randerson (Audencia, France), Hermann Frank (WU Vienna University of Economics and Business, Austria), Clay Dibrell (The University of Mississippi, USA) , Esra Memili

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English

Routledge
27 May 2024

Small businesses & self-employed

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.

Edited by: Kathleen Randerson (Audencia France), Hermann Frank (WU Vienna University of Economics and Business, Austria), Clay Dibrell (The University of Mississippi, USA), Esra Memili
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 246mm, Width: 174mm,
Weight: 220g
ISBN: 9781032379906
ISBN 10: 1032379901
Pages: 110
Publication Date: 27 May 2024
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

1. From family to families: pushing family entrepreneurship forward 2. The balance that sustains benedictines: family entrepreneurship across generations 3. Understanding entrepreneurial opportunities through metaphors: a narrative approach to theorizing family entrepreneurship 4. Structural coupling in entrepreneurial families: how business- related resources contribute to enterpriseness 5. Entrepreneurial learning: the transmitting and embedding of entrepreneurial behaviours within the transgenerational entrepreneurial family 6. Transgenerational entrepreneurship in entrepreneurial families: what is explicitly learned and what is successfully transferred?

Kathleen Randerson is Associate Professor of Entrepreneurship, Strategy and Innovation Department at Audencia, France. Hermann Frank is a professor at WU Vienna University of Economics and Business, Austria and was director of the Research Institute for Family Business until December 2021. Clay Dibrell is Professor of Management and the Co-Director of the Center for Innovation and Entrepreneurship at The University of Mississippi, USA. He is also holder of the Endowed Chair in Entrepreneurial Excellence and a US Fulbright Scholar. Esra Memili is Associate Professor of Entrepreneurship with Tenure and Margaret Van Hoy Hill Dean's Notable Scholar at the Bryan School of Business and Economics University of North Carolina, Greensboro, USA.