Exploring Transgenerational Entrepreneurship

Exploring Transgenerational Entrepreneurship

The Role of Resources and Capabilities

The Successful Transgenerational Entrepreneurship Practices series

Edited by Pramodita Sharma, Philipp Sieger, Robert S. Nason, Ana Cristina Gonzalez L. and Kavil Ramachandran

Transgenerational entrepreneurship, as a discipline, examines the processes, resources and capabilities that allow family enterprises to create social and economic value over time in order to succeed beyond the first generation of business owners. While tangible resources such as financial and physical capital are certainly important factors in the long-term success of a family-run business, this book focuses specifically on the role of intangible resources and capabilities, which are less easily quantifiable but equally vital.

Chapter 10: Conclusion: exploring transgenerational entrepreneurship: implications and conclusions

Philipp Sieger, Kavil Ramachandran and Pramodita Sharma

Subjects: business and management, entrepreneurship, family business


Transgenerational entrepreneurship, defined by Habbershon et al. (2010: 1) as the ‘processes through which a family uses and develops entrepreneurial mindsets and family influenced capabilities to create new streams of entrepreneurial, financial and social value across generations’ has previously been explored in the context of Europe (Nordqvist and Zellweger, 2010), Latin America (Nordqvist et al., 2011) and the Asia Pacific (Au et al., 2011). Building on this foundational work, this book set out to explore one specific aspect within the transgenerational entrepreneurship framework: the role of intangible resources in family enterprises around the world. These strategic firm resources enable the creation of sustainable value across generations of leaders, products or services, and economic and social life cycles. Scholars contend these resources are valuable, rare, inimitable and non-substitutable, thereby significant for sustained organizational competitive advantages (for example, Barney, 1991). Each chapter in this book examines how enterprising families utilize their unique family-influenced intangible resources to create economic and non-economic value across generations.

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