Titlebook: Entrepreneurs in Family Business Dynasties; Stories of Italian-A Laura Hougaz Book 2015 Springer International Publishing Switzerland 2015

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Conclusion,This chapter provides a summary of various elements presented in the book that build the conditions for the continuity of successful family businesses..This chapter focuses on four major elements:.Each element is discussed separately in this chapter.

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Family Business Around the World,gh statistics are not available, it is generally acknowledged that over two-thirds of businesses around the world are family businesses. Research in family business reveals, however, that only 30 % of these businesses survive into the second generation, with most intergenerational transitions failin

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The Complexity of the Family Business,onstitutes a family business. Generally, there is agreement that a family business can be loosely described as one in which family members have ownership or management of the organisation, but experts also agree that family firms cannot be regarded as an homogeneous entity. Traditional definitions t

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The Role of Values in Family Business, understood to be crucial elements in family business dynamics, keeping the family and the business as interdependent domains. It therefore becomes increasingly difficult to speak of separate principles, values, and obligations. Accordingly, some researchers suggest that vital synergies for business

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The Entrepreneurial Origins of Family Business,ution of the first generation to multigenerational family business. How the first generation came to be in the position of establishing a family business, and how they initiated an entrepreneurial action out of nothing is fundamental for the following generations and the family firm. This generation

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Italian Migration to Australia and Its Descendants,und of the Italian migrants who founded the three generational family businesses in this book. It also provides the context for understanding how the founder’s Italian origins have continued to shape the identity of the family and the business across generations.

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Capturing the Life Stories of Individuals in Family Businesses,aning of the life of each individual, elaborate on their self-perceptions and self-discoveries, their worldviews, and personal, family, and family business experiences..This chapter presents cases that are built in historic fashion, across generations, and represent the narrative tradition of the fa

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