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Developing Next Generation Leaders for Transgenerational Entrepreneurial Family Enterprises
This illustrative book considers the interface of business structures, contexts, and leadership building blocks to explore the contingent nature of leadership development in transgenerational entrepreneurship. Longitudinal case studies of 27 family firms in nine different countries provide a rich, global selection of leadership development insights by examining the role of values, professionalization, leadership style and other contingent factors.
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Critical Acclaim
Contributors
Contents
More Information
This illustrative book considers the interface of business structures, contexts, and leadership building blocks to explore the contingent nature of leadership development in transgenerational entrepreneurship. Longitudinal case studies of 27 family firms in nine different countries provide a rich, global selection of leadership development insights by examining the roles of values, professionalization, leadership style and other contingent factors.
The diversity of cases and chapters provides a rich foundation for insight into the pathways currently in use to develop the next generation leaders, illuminating the strategies and pathways of successful transgenerational family enterprises. By examining the available literature and one or more case studies, each chapter draws pragmatic conclusions, with findings that suggest the importance of focusing on leadership as a shared capability, transmission of values to maintain an entrepreneurial culture, the fit between professionalization and values to increase transgenerational potential, the need to address the structure of the business and the focus on parenting to develop next generations.
This path-breaking book will inform family business researchers as they explore the ways in use to develop the next generation. Each chapter starts with a mini-case study focused on a dilemma related to leader development, making this book an excellent resource for educators in undergraduate, graduate, or executive programs.
The diversity of cases and chapters provides a rich foundation for insight into the pathways currently in use to develop the next generation leaders, illuminating the strategies and pathways of successful transgenerational family enterprises. By examining the available literature and one or more case studies, each chapter draws pragmatic conclusions, with findings that suggest the importance of focusing on leadership as a shared capability, transmission of values to maintain an entrepreneurial culture, the fit between professionalization and values to increase transgenerational potential, the need to address the structure of the business and the focus on parenting to develop next generations.
This path-breaking book will inform family business researchers as they explore the ways in use to develop the next generation. Each chapter starts with a mini-case study focused on a dilemma related to leader development, making this book an excellent resource for educators in undergraduate, graduate, or executive programs.
Critical Acclaim
‘An impressive team of editors from Asia, Europe, North and South America has compiled cutting-edge research on family businesses. In these chapters, we gain a global perspective of the entrepreneurial approaches families are taking to prepare the next generation of leaders. We learn strategies for family firms to survive and prosper. And we find there are lessons here that non-family businesses can apply to make transitions successful.’
– Francis Hoy, Worcester Polytechnic Institute, US
‘To conclude, this book forms a recommended reading on a subject that is largely understudied, but that confronts many family members in general, and next-generation family members more particular in daily practice. Besides some main struggles that characterize a family business succession process, it also focuses on the various opportunities that intergenerational succession can bring to the family business. It gives interesting insights into some valuable routes to develop next-generation leaders that can definitely inspire scholars, incumbents and potential successors in broadening their perspective and finding common answers to the further growth of the family firm over generations.’
– International Small Business Journal
– Francis Hoy, Worcester Polytechnic Institute, US
‘To conclude, this book forms a recommended reading on a subject that is largely understudied, but that confronts many family members in general, and next-generation family members more particular in daily practice. Besides some main struggles that characterize a family business succession process, it also focuses on the various opportunities that intergenerational succession can bring to the family business. It gives interesting insights into some valuable routes to develop next-generation leaders that can definitely inspire scholars, incumbents and potential successors in broadening their perspective and finding common answers to the further growth of the family firm over generations.’
– International Small Business Journal
Contributors
Contributors: N. Auletta, B. Bardai, P. Bender, N. Bhatnagar, F.H. Bos, M. Brumana, L. Cassia, J.P. Coen Rigtering, A. De Massis, R.-L. DeWitt, L. Díaz Matajira, A. Discua Cruz, A. Gimeno, G. González Couture, D. Grzybovski, M. Heetebrij-van Dalfsen, H. Higashide, N. Kozono, C. Lechner, I.A. Matser, T. Minola, L. Mohd Nor, A. Nilsson, M.J. Parada, K. Ramachandran, M. Ramírez Pasillas, M.T. Roscoe, P. Sharma, A. Vieira, S.R. Xavier, K. Yamaguchi, M. Yusof
Contents
Contents:
1. Developing Next Generation Leaders
Rocki-Lee DeWitt, Nunzia Auletta, Maria José Parada, Mohar Yusof and Pramodita Sharma
PART I FROM A LEADER TO A LEADERSHIP CAPABILITY
2. The Process of Becoming: Entrepreneurial Leadership Transition to the Second Generation
Marcela Ramírez-Pasillas, Patrick Bender and Angelica Nilsson
3. The Next Generation: Pathways for Preparing and Involving New Owners in Colombian Family Businesses
Gustavo González Couture and Luis Díaz Matajira
4. Challenges of Collective Leadership
Kavil Ramachandran and Navneet Bhatnagar
PART II FAMILIAL VALUES AND PROFESSIONALIZATION
5. Transgenerational Professionalization of Family Firms: The Role of Next Generation Leaders
Mara Brumana, Lucio Cassia, Alfredo De Massis, Allan Discua Cruz and Tommaso Minola
6. The Re-establishment of Family Values as a Driver of Trans-generational Potential
Ilse A. Matser, Frank H. Bos, Margré Heetebrij-van Dalfsen and J.P. Coen Rigtering
7. What Should be Passed on to the Successor? The Case of a Long-standing Japanese Family-owned Small Sake Brewery
Katsushi Yamaguchi, Naomi Kozono and Hiro Higashide
PART III STRUCTURE AND NEXT GENERATION LEADER PREPARATION
8. Family’s Decision in Venture Creation for Next Generation Leaders: The Role of Trust across Two Generations in the Case of Diversification
Leilanie Mohd Nor, Christian Lechner, Mohar Yusof, Barjoyai Bardai, and Siri Roland Xavier
9. Family Social Capital, Transgenerational Learning and Transgenerational Entrepreneurship
Maria Teresa Roscoe, Adriane Vieira and Denize Grzybovski
10. Parenting and Next Gen Development
Alberto Gimeno and Maria José Parada
Index
1. Developing Next Generation Leaders
Rocki-Lee DeWitt, Nunzia Auletta, Maria José Parada, Mohar Yusof and Pramodita Sharma
PART I FROM A LEADER TO A LEADERSHIP CAPABILITY
2. The Process of Becoming: Entrepreneurial Leadership Transition to the Second Generation
Marcela Ramírez-Pasillas, Patrick Bender and Angelica Nilsson
3. The Next Generation: Pathways for Preparing and Involving New Owners in Colombian Family Businesses
Gustavo González Couture and Luis Díaz Matajira
4. Challenges of Collective Leadership
Kavil Ramachandran and Navneet Bhatnagar
PART II FAMILIAL VALUES AND PROFESSIONALIZATION
5. Transgenerational Professionalization of Family Firms: The Role of Next Generation Leaders
Mara Brumana, Lucio Cassia, Alfredo De Massis, Allan Discua Cruz and Tommaso Minola
6. The Re-establishment of Family Values as a Driver of Trans-generational Potential
Ilse A. Matser, Frank H. Bos, Margré Heetebrij-van Dalfsen and J.P. Coen Rigtering
7. What Should be Passed on to the Successor? The Case of a Long-standing Japanese Family-owned Small Sake Brewery
Katsushi Yamaguchi, Naomi Kozono and Hiro Higashide
PART III STRUCTURE AND NEXT GENERATION LEADER PREPARATION
8. Family’s Decision in Venture Creation for Next Generation Leaders: The Role of Trust across Two Generations in the Case of Diversification
Leilanie Mohd Nor, Christian Lechner, Mohar Yusof, Barjoyai Bardai, and Siri Roland Xavier
9. Family Social Capital, Transgenerational Learning and Transgenerational Entrepreneurship
Maria Teresa Roscoe, Adriane Vieira and Denize Grzybovski
10. Parenting and Next Gen Development
Alberto Gimeno and Maria José Parada
Index
