Family Enterprise in the Asia Pacific

Family Enterprise in the Asia Pacific

Exploring Transgenerational Entrepreneurship in Family Firms

Edited by Kevin Au, Justin B. Craig and K. Ramachandran

This book analyzes the findings reported in the first Asia Pacific summit of the Successful Transgenerational Entrepreneurship Practices (STEP) project. Researchers in Australia, China, and India discussed eleven in-depth case studies to shed light on the challenges that business families and family businesses faced in continuing and extending their entrepreneurial capabilities across multiple generations.

Chapter 1: Introduction

Kevin Au, Justin B. Craig and Kavil Ramachandran

Subjects: asian studies, asian business, business and management, asia business, entrepreneurship, family business, international business


Kevin Au, Justin B. Craig and Kavil Ramachandran Driven by Babson College, a world renowned entrepreneurship school located in Boston in the United States of America, the Successful Transgenerational Entrepreneurship Practices (STEP) Project is an international research study that focuses on corporate entrepreneurship in family businesses. Transgenerational entrepreneurship is the nomenclature used by a coterie of scholars whose interest is to work with families in business to understand, improve, and consequently, it is hoped, help them maintain their entrepreneurial capabilities across generations. This effectively means that the STEP research lens is focused on the processes and outcomes of corporate entrepreneurship in the family context, rather than on the succession of management and ownership, which has predominated family business research to date. The research project began in 2005 with a group of academics from six leading European business schools collaborating to develop and implement a case-based research framework and methodology. The model put forward was replicated in 2006 by a group of like-minded South American scholars from premier institutions and was launched in the Asia-Pacific region in 2007. This book is a compilation of chapters authored by STEP Asia-Pacific founding partners.1 These partner-institution scholars and the families with whom they have worked have interpreted their observations around a particular dimension, or in some cases multiple dimensions, of the overall research framework that is common to all involved in the global STEP Project. The following chapters, therefore, can be useful in a variety of contexts. Consistent with the STEP philosophy of upholding...