Food for thought: Family Entrepreneurship in four questions

Family Entrepreneurship is a growing field of study. The purpose of this essay is to relay the momentum to academics, practitioners, and society. The essay is structured around four thought provoking questions: who is family?, what role do values play?, what is entrepreneurship?, and why is the bus...

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Main Author: Kathleen Randerson
Format: Article
Language:English
Published: University of Deusto 2024-03-01
Series:Boletín de Estudios Económicos
Subjects:
Online Access:https://bee.revistas.deusto.es/article/view/2752
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author Kathleen Randerson
author_facet Kathleen Randerson
author_sort Kathleen Randerson
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description Family Entrepreneurship is a growing field of study. The purpose of this essay is to relay the momentum to academics, practitioners, and society. The essay is structured around four thought provoking questions: who is family?, what role do values play?, what is entrepreneurship?, and why is the business family and family business situation so complicated? These questions and the elements of response offered lead to a wider and deeper understanding of Family Entrepreneurship at the individual, family, and family business levels. Contributions to theory are twofold. First this essay underscores the need for a contextualized understanding and action and provides frameworks to undertake them. Second, it sheds light on the damages incurred by focussing on mainstream and generalizations by teasing out important aspects until now ignored. Contributions to practice concern a wider and deeper understanding of Family Entrepreneurship, recognizing and supporting situationally adapted behaviors as entrepreneurial, and widening the identified outcomes of these behaviors. Contributions to society are linked to the prevalence of business families and family businesses in economies and societies worldwide. Using this weight for societal impact, Family Entrepreneurship can be a beacon for transition towards economies and societies that are more collaborative, just, and sober. Received: 26 April 2023 Accepted: 05 October 2023
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spelling doaj-art-969193ada3694cef8c0f5b811a76123f2025-01-16T18:52:54ZengUniversity of DeustoBoletín de Estudios Económicos0006-62492951-67222024-03-017823410.18543/bee.2752Food for thought: Family Entrepreneurship in four questions Kathleen Randerson0Audencia Business School, France Family Entrepreneurship is a growing field of study. The purpose of this essay is to relay the momentum to academics, practitioners, and society. The essay is structured around four thought provoking questions: who is family?, what role do values play?, what is entrepreneurship?, and why is the business family and family business situation so complicated? These questions and the elements of response offered lead to a wider and deeper understanding of Family Entrepreneurship at the individual, family, and family business levels. Contributions to theory are twofold. First this essay underscores the need for a contextualized understanding and action and provides frameworks to undertake them. Second, it sheds light on the damages incurred by focussing on mainstream and generalizations by teasing out important aspects until now ignored. Contributions to practice concern a wider and deeper understanding of Family Entrepreneurship, recognizing and supporting situationally adapted behaviors as entrepreneurial, and widening the identified outcomes of these behaviors. Contributions to society are linked to the prevalence of business families and family businesses in economies and societies worldwide. Using this weight for societal impact, Family Entrepreneurship can be a beacon for transition towards economies and societies that are more collaborative, just, and sober. Received: 26 April 2023 Accepted: 05 October 2023 https://bee.revistas.deusto.es/article/view/2752Family EntrepreneurshipFamily Businessentrepreneurial behaviorsfamily composition
spellingShingle Kathleen Randerson
Food for thought: Family Entrepreneurship in four questions
Boletín de Estudios Económicos
Family Entrepreneurship
Family Business
entrepreneurial behaviors
family composition
title Food for thought: Family Entrepreneurship in four questions
title_full Food for thought: Family Entrepreneurship in four questions
title_fullStr Food for thought: Family Entrepreneurship in four questions
title_full_unstemmed Food for thought: Family Entrepreneurship in four questions
title_short Food for thought: Family Entrepreneurship in four questions
title_sort food for thought family entrepreneurship in four questions
topic Family Entrepreneurship
Family Business
entrepreneurial behaviors
family composition
url https://bee.revistas.deusto.es/article/view/2752
work_keys_str_mv AT kathleenranderson foodforthoughtfamilyentrepreneurshipinfourquestions