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Rosario Faraci and Rosaria Ferlito

This chapter focuses on the concept of the business family in the sense of a team of family members dedicated across generations to implementing various entrepreneurial activities; it also explains how this variable in turn influences business models. Thus the chapter investigates the micro-level of family business issues, analysing primarily the impact of the family on the organization. In detail in this chapter, the authors describe how business modelling - that is, the logic of representing a firm as a system in a holistic mode - may be useful in describing the intersection of business, ownership and family in business families. The bulk of existing studies start from firms and then move back to families to interpret the logic of family business. Instead, in this chapter the authors flip the perspective completely, using Alex Osterwalder’s business model canvas (BMC), by starting from families and then moving to firms. Indeed, the BMC is used as a comprehensive framework to depict how and to predict whether business families: 1) spread family values and principles over the firm(s) possessed by them; 2) market, communicate and share such values and principles with stakeholders, employees and customers; 3) integrate family values and principles into the key business infrastructure constituted by activities, resources and partnerships; and 4) enjoy benefits and incur costs in maximizing such values and principles in their businesses.

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Edited by Elias G. Carayannis, Giovanni B. Dagnino, Sharon Alvarez and Rosario Faraci

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Sharon Alvarez, Elias G. Carayannis, Giovanni Battista Dagnino and Rosario Faraci

In the introductory chapter, the authors spell out the contributions that the book advances to the emerging debate on entrepreneurial ecosystems and the diffusion of startups, and illustrate the reasons that led them to gather nine relevant conceptual and empirical contributions written by 21 leading scholars from various parts of the world in the field of entrepreneurship and strategy. They define the target audience of the book as entrepreneurship and strategy students, academics and a wide array of practitioners, such as entrepreneurs, executives, consultants and policy makers. The structure of the book is outlined and an overview of the chapters provided.

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Edited by Elias G. Carayannis, Giovanni B. Dagnino, Sharon Alvarez and Rosario Faraci

Entrepreneurial Ecosystems and the Diffusion of Startups addresses, for the first time, the emerging notion of entrepreneurial ecosystems. Chapters from leading scholars in the fields of entrepreneurship and strategy explore new ideas and provoke debate in both academia and practice. Covering the emergence, dynamics and management of entrepreneurial ecosystems and offering conceptual tools, experimental evidence and practical examples, this book will be invaluable to those seeking a greater understanding of entrepreneurship and startup strategies, both practitioners and students.