Family and Social Entrepreneurship

Chapter Objectives

The aims of this chapter are to assist the reader to:

• realise that family firms are a dominant type of business in the small firms sector
• understand that entrepreneurial family firms are a critical source of market innovation
• recognise there is dispute over whether family firms are more successful than their non-family counterparts
• review the critical issue of succession management in family firms
• understand family firms founded by entrepreneurs tend to sustain this orientation into subsequent generations
• realise some entrepreneurs perceive there are significant benefits to society of utilising their skills to assist disadvantaged members of society
• comprehend that social entrepreneurship is perceived as being more effective in developing nations than reliance on the provision of grant aid
• recognise the critical impact of the creation ...