Families in Business: The Next Generation of Family Evolution

This book provides a contemporary understanding of families in business, highlighting different approaches and the importance of identifying and understanding the entity 'family in business' as a cornerstone for understanding family business behaviors. It explores the concept of 'family in business' as a socially constructed entity, including individuals who share a faith and multi-generational families. Narratives are used to mark the boundary of the family in business, and families and their businesses influence each other, engendering the family influence on the firm and firm influence of the family. The last two chapters focus on transgenerational family businesses, with a focus on learning between generations and the transfer of knowledge.

Format: Paperback / softback
Length: 110 pages
Publication date: 27 May 2024
Publisher: Taylor & Francis Ltd

This book provides a contemporary perspective on families in business, serving as a valuable resource for understanding their composition, transformations, and activities. The first chapter emphasizes the need to identify and comprehend the concept of "family in business" as a fundamental aspect of understanding the behaviors of family businesses. It introduces the idea that the "family in business" can encompass individuals with shared beliefs, multi-generational families, and chosen families, broadening its scope beyond traditional definitions. Narratives, or stories, play a crucial role in defining the boundaries of the family in business, as not all family members may be directly involved in the business. Families and their businesses influence each other, leading to the development of "familiness" within the firm and "enterpriseness" within the family. The last two chapters focus on transgenerational family businesses, highlighting the importance of intergenerational learning and the transfer of knowledge between generations. These chapters were originally published as a special issue of "Entrepreneurship & Regional Development."

Weight: 226g
Dimension: 245 x 174 x 10 (mm)
ISBN-13: 9781032379906