Fostering Entrepreneurialism and Intrapreneurialism Within the Family Enterprise System

Peter Vogel () and Marta Widz ()
Additional contact information
Peter Vogel: IMD Business School
Marta Widz: IMD Business School

Chapter 21 in Family Entrepreneurship, 2021, pp 281-298 from Springer

Abstract: Abstract We live in times of unprecedented change and transformation. New entrants are pushing innovative products and services into the market, leveraging novel business models that are disrupting entire industries and businesses. This affects both family and non-family businesses alike. Despite their significant market dominance and availability of resources, many family businesses are increasingly uncertain about the future and have realized that if they want to survive and thrive across generations, they need to anticipate disruption and effectively become the disruptor themselves. Enterprising families have to be strategic about embracing entrepreneurialism and to leverage the various strengths which family businesses bring with them. Core aspects of this strategy are to develop a wide spectrum of mechanisms that foster entrepreneurialism within the family enterprise system. The purpose of this chapter is to explore how enterprising families can embrace the desire to become more entrepreneurial by fostering both entrepreneurialism and intrapreneurialism, and staying close to the external entrepreneurial ecosystem, capitalizing on the family and corporate resources.

Keywords: Family enterprise; Entrepreneurship; Innovation; Intrapreneurship; Disruption; Renewal (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-66846-4_21

Ordering information: This item can be ordered from
http://www.springer.com/9783030668464

DOI: 10.1007/978-3-030-66846-4_21

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().