Families in Business: The Next Generation of Family Evolution

This book provides a contemporary understanding of families in business, highlighting the different approaches to family and their influence on the firm. It also emphasizes the importance of transgenerational learning and unlearning in family businesses.

Format: Hardback
Length: 110 pages
Publication date: 28 November 2022
Publisher: Taylor & Francis Ltd

This comprehensive book provides a contemporary perspective on families in business, serving as a catalyst for the ongoing evolution of these families, their composition, transformations, and activities. In the opening chapter, the authors delve into diverse approaches to family and conclude that recognizing and comprehending the entity known as the 'family in business' is the fundamental key to understanding the behaviors of family businesses. The concept of 'family in business as a socially constructed entity' broadens the scope to encompass individuals who share a faith, as well as multi-generational and chosen families. Narratives, or stories, serve as a means for families in business to delineate the boundaries of their unique entity, as not all family members necessarily participate in the business. Families and their businesses interact and influence each other, leading to the emergence of family influence on the firm, known as 'familiness,' and firm influence of the family, referred to as 'enterpriseness.'

The final two chapters are dedicated to transgenerational family businesses, with a particular emphasis on learning across generations. Chapter 5 highlights the significance of unlearning, which involves acquiring new knowledge and adopting different business practices. The concluding chapter focuses on the actual knowledge that is transferred in relation to initial plans.

These chapters were originally published as a special issue of Entrepreneurship & Regional Development, contributing to the field of family business studies.

Weight: 380g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032379890