A special issue of International Journal of Entrepreneurship and Innovation Management
Family businesses are the engine that drives socioeconomic development and wealth creation around the world, and entrepreneurship is a key driver of family businesses. Entrepreneurial thinking and leadership are fundamental factors in the creation of new enterprises and the sustained competitive advantages of both large and small businesses. The ability to create and foster an entrepreneurial mindset across generations is a major element of family business continuity and longevity and is instrumental in effective strategic execution, innovation and growth.
Entrepreneurship links vision, commitment, passion, and people to a common cause. Entrepreneurs and families create family-based business networks in response to economic and social needs. Family businesses can be defined as owner-managed enterprises with family members exercising considerable financial and/or managerial control. An estimated 85% of businesses in the European Union, 90% of U.S. businesses and the majority of new private small and medium-sized enterprises in emerging markets (Eastern Europe, Asia, South America, and Africa) are family controlled.
In market economies (where resources are allocated via supply and demand), entrepreneurial family businesses are a primary source of job creation. In transition economies (in countries moving from a state-planned to a mixed market-based system, or recovering from civil strife), the family unit is often the only intact socio-economic institution capable of supporting entrepreneurial and innovation activities. The family also plays a leading role in new venture formation, often serving as the primary source of start-up capital, not to mention in expensive labour and know-how.
This special issue will feature high quality research that explores the dynamics between entrepreneurship and innovation and the complexities and challenges associated with family and cultural during times of great global socio-economic, geo-political and technological change. This will include research that spans multiple disciplines including business administration, economics, sociology, anthropology, psychology and law.
Suitable topics include, but are not limited to:
- Exploring family and enterprise relationships and how culture affects entrepreneurship, innovation and business development
- Probing the individual and societal forces shaping entrepreneurial motivations and how family and culture shape innovation and enterprise development
- Comparing and contrasting the role of gender and culture in the processes of entrepreneurship and innovation management
- Comparing and contrasting the characteristics, attributes and growth orientations of entrepreneurs in different cultures
- Development and application of quantitative and qualitative research techniques to advance the understanding of the interrelationships between entrepreneurs, family and culture
- Uncovering and probing the role that family and culture play in fostering entrepreneurial new venture formation, job creation and economic development
- Identifying and assessing emerging themes, issues and topics related to entrepreneurial led family enterprises across different cultures
- Advancing research methodologies and metrics related to multidisciplinary approaches to the study of entrepreneurship, innovation and family business
Paper Submission Deadline: 31 March 2008