Edited by Kevin Au, Justin B. Craig and Kavil Ramachandran
This book analyzes the findings reported in the first Asia Pacific summit of the Successful Transgenerational Entrepreneurship Practices (STEP) Project. Researchers in Australia, China and India discuss eleven in-depth case studies to shed light on the challenges that business families and family businesses face in continuing and extending their entrepreneurial capabilities across multiple generations.
Based on a common research framework from STEP, each chapter introduces key findings and challenges existing theory, offering answers to two broad questions in the Asia Pacific context: How do business families and family businesses generate and sustain entrepreneurial performance across generations, and how does entrepreneurial performance relate to the continuity, growth and transgenerational entrepreneurship of business families and family businesses? The authors look at key issues faced by family businesses, including dealing with communication issues across generations, resolving conflict between siblings, preparing younger generations and bringing them back to the family business, and the professionalization of business. The chapters go beyond the challenges of succession and governance and explore the processes and outcomes of entrepreneurship in the Australian and Asian family context.
Academics, teachers and students in business and management, entrepreneurship and family business, and Asian studies will find this path-breaking book of great value, as will libraries, policymakers and consultants.
Kevin Au is Director in the Center for Entrepreneurship at The Chinese University of Hong Kong, justin B. Craig is Co-Director of the Australian Centre for Family Business at Bond University, Australia and Kavil Ramachandran is Thomas Schmidheiny Chair Professor of Family Business and Wealth Management at the Indian School of Business, India.