This original and exciting new text examines the crucial role of innovation and entrepreneurship in achieving growth and ongoing success in the small business sector.

Family and Social Entrepreneurship

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 ...
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