Understanding Entrepreneurial Family Businesses in Uncertain Environments


Understanding Entrepreneurial Family Businesses in Uncertain Environments

Opportunities and Resources in Latin America

9781849804653 Edward Elgar Publishing
Edited by Mattias Nordqvist, Stockholm School of Economics, Sweden, Giuseppe Marzano, Universidad San Francisco de Quito, Ecuador, Esteban R. Brenes, Steve Aronson Professor of Strategy and Entrepreneurship, INCAE Business School, Costa Rica and Nicaragua, Gonzalo Jiménez, Albert von Appen Professor and Director, Family Business Centre, Universidad Adolfo Ibáñez, Chile and Managing Director, Proteus Management Consulting and Maria Fonseca-Paredes, Tecnológico de Monterrey (ITESM), Mexico
Publication Date: 2011 ISBN: 978 1 84980 465 3 Extent: 328 pp
Understanding Entrepreneurial Family Businesses in Uncertain Environments, the third volume in the STEP series, is uniquely centered on familial entrepreneurial activity in Latin America. The contributions, based on empirical evidence and an overall theoretical framework, focus on practical learning in addition to the advancement of scholarly knowledge.

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This thorough volume describes and analyzes entrepreneurial family businesses in Latin American countries. The research presented here has been conducted within the Global STEP (Successful Transgenerational Entrepreneurship Practices) Project. Dealing with some of the most important opportunities and challenges that Latin American family businesses face, particular attention is given to the uncertainty that characterizes most business environments in Latin American countries.

The authors argue that while uncertainty is always a central characteristic of entrepreneurial processes and activities, uncertainty is particularly pronounced for Latin American family businesses striving to grow. In addition to a comprehensive introductory chapter that outlines the book’s core concepts, including transgenerational entrepreneurship, entrepreneurial orientation, resources, capabilities and uncertainty, the book describes the main characteristics of entrepreneurship and family businesses in Latin America. It also brings together a unique set of empirical case-based research papers that investigate transgenerational entrepreneurship in different Latin American family business contexts.

The unique contributions found here include studies on:

• Hostile environments and entrepreneurial orientation
• The influence of culture on governance and innovativeness
• Governance structures and entrepreneurial performance
• Family conflict as a source of entrepreneurial opportunities
• Entrepreneurship in transgenerational processes by means of social capital
• Knowledge integration and entrepreneurial behavior
• The role of tacit knowledge in the identification of entrepreneurial opportunities
• Financial issues in entrepreneurial family businesses
• Communication during the entrance of new generations into the family business.

Students and scholars of entrepreneurship the world over will find much of note in this carefully researched work. So too will anyone interested in sustaining a successful transgenerational family business.
Contributors: E.R. Brenes, A. Cordero, J.A. de Sousa Neto, L. Díaz Matajira, M. Fonseca-Paredes, G. González Couture, A.C. González León, T.C. Gura, G. Jiménez, G. Marzano, P. Monteferrante M., E. Montiel, M. Nordqvist, R. Piñango E., M. Ramírez Pasillas, J.O. Rivera-Algarín, A. Rodríguez, M.T. Roscoe, F. Sandoval-Arzaga, L.J. Sanz, I. Severino, R. Vidal, A. Vieira

Pramodita Sharma

Timothy G. Habbershon

1. Understanding Entrepreneurial Family Businesses in Uncertain Environments: The Case of Latin America
Mattias Nordqvist, Giuseppe Marzano, Esteban R. Brenes, Gonzalo Jiménez and María Fonseca-Paredes

2. Hostile Environments and Entrepreneurial Orientation: A Study of Venezuelan Family Firms
Aramis Rodríguez and Rebeca Vidal

3. The Influence of Culture on Governance, Innovativeness and Knowledge Generation in Brazilian Family Businesses
Adriane Vieira, José Antônio de Sousa Neto and Maria Teresa Roscoe

4. Governance Structures and Entrepreneurial Performance in Family Firms: An Exploratory Study of Latin American Family Firms
Patricia Monteferrante M. and Ramón Piñango E.

5. Appeasement Entrepreneurship: Family Conflict as a Source of New Business Opportunities
Thomas C. Gura

6. Entrepreneurship in Transgenerational Processes by Means of Social Capital
Marcela Ramírez-Pasillas, Fernando Sandoval-Arzaga and María Fonseca-Paredes

7. Knowledge Integration in Latin American Family Firms
Fernando Sandoval-Arzaga, Marcela Ramírez-Pasillas and María Fonseca-Paredes

8. The Role of Tacit Knowledge in the Identification of Entrepreneurial Opportunities: A Study of Family-controlled Businesses
Ana Cristina González León, Gustavo González Couture and Luis Díaz Matajira

9. Transgenerational Issues in the Financing of Entrepreneurial Family Firms
Arkangel Cordero, Eduardo Montiel, Luis J. Sanz and Iluminada Severino

10. When the New Employee is Not Just Another Newcomer: Communication During the Entrance of New Generations into the Family Business
Juan O. Rivera-Algarín

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