Transgenerational entrepreneurship, as a discipline, examines the processes, resources and capabilities that allow family enterprises to create social and economic value over time in order to succeed beyond the first generation of business owners. While tangible resources such as financial and physical capital are certainly important factors in the long-term success of a family-run business, this book focuses specifically on the role of intangible resources and capabilities, which are less easily quantifiable but equally vital. Drawing insights from in-depth longitudinal studies of twenty-six family firms in twelve countries, the contributors discuss the critical role of intangible assets such as values, virtues, tacit knowledge and learning, professionalization, internal and external social networks, and reputation. Each chapter includes both a case study that serves as a practical illustration of a particular topic as well as a discussion of the theoretical perspectives and broader implications. Featuring both contributors and case studies from across the world, this volume provides a truly global approach to the study of transgenerational entrepreneurship. Professors and students of business and management, entrepreneurship and family business studies will find this book a fascinating addition to their libraries, as will family business owners, consultants and researchers.
Contents: 1. Introduction: Exploring Transgenerational Entrepreneurship: The Role of Intangible Resources Robert S. Nason, Ana Cristina Gonzalez L. and Pramodita Sharma 2. Family Firms and Entrepreneurial Families as Breeding Grounds for Virtues Luz Elena Orozco C. and Gustavo Gonzalez C. 3. Professionalization of the Family Business: Decision-making Domains Alberto Gimeno and Maria Jose Parada 4. Transgenerational Entrepreneurship and Entrepreneurial Learning: A Case Study of Associated Engineers Ltd in Hong Kong Jeremy C.Y. Cheng, Florence H.C. Ho and Kevin Au 5. Successful Family Business Ownership Transitions: Leveraging Tacit Knowledge Rocki-Lee DeWitt and Ana Cristina Gonzalez L. 6. The Role of Social Capital in Succession from Controlling Owners to Sibling Teams Luis Cisneros, Mircea-Gabriel Chirita and Berangere Deschamps 7. Opportunities and Dilemmas of Social Capital: Insights from Uganda Waswa Balunywa, Peter Rosa, Diana Nandagire Ntamu and Shakilah Nagujja 8. Bridging for Resilience: The Role of Family Business Social Capital in Coping with Hostile Environments Aramis Rodriguez, Nunzia Auletta and Patricia Monteferrante 9. Reputation for What? Different Types of Reputation and their Effect on Portfolio Entrepreneurship Activities Eric Clinton, Robert S. Nason and Philipp Sieger 10. Conclusion: Exploring Transgenerational Entrepreneurship: Implications and Conclusions Philipp Seiger, Kavil Ramachandran and Pramodita Sharma Index
