One of the central issues regarding family enterprise sustainability resides in the challenge of cultivating multigenerational entrepreneurship within the family and the firm. Professors Allan R. Cohen and Pramodita Sharma, in their new book, Entrepreneurs in Every Generation, ably chart a course which enables both family members and their advisors to navigate the journey of continuity and sustainability. Both the challenge which the book addresses and an indication of the approach that the authors take may be usefully gleaned from the introductory chapter as conveyed by their observation that “One barrier to long-term survival is the failure of the current leadership to develop, instill, and select entrepreneurial leadership in the next (and succeeding) generations involved with the business.” And, moreover, “Whether members of the next generation take managerial or non-managerial ownership roles or not, if they don't have the urge and capacity to innovate as needed when the business and social environment changes, their firms will not thrive.” [p. xxiv]
The book is both an accessible conspectus on the growing field of family enterprise research and a practical tool and guide for members of family businesses, informed by both Cohen and Sharma’s depth of experience and expertise as both researchers, consultants and members of business families. The inclusion of many worksheets and assessment tools (the APGAR scale of family functioning, for example) throughout the book adds to its practical applicability. And the judicious selection of several case studies adds immeasurably to the insights conveyed. Indeed, as a Caribbean researcher/practitioner, I was particularly pleased to see that there was reference to two Caribbean business families included among the case studies presented, and especially so, as there are so few such references to Caribbean family business available in the literature.
Entrepreneurs in Every Generation is an excellent resource for family business advisors and the members of business families alike.
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Entrepreneurs in Every Generation: How Successful Family Businesses Develop Their Next Leaders ,Ed. :1 Paperback – 1 January 2016
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- ASIN : 1626561664
- Publisher : McGraw-Hill (1 January 2016)
- Language : English
- Paperback : 256 pages
- ISBN-10 : 9781626561663
- ISBN-13 : 978-1626561663
- Dimensions : 15.24 x 1.78 x 22.86 cm
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Most helpful customer reviews on Amazon.com
Amazon.com: 13 reviews
An excellent resource for family business advisors and the members of business families alike10 October 2016 - Published on Amazon.com
Basic book of business platitudes2 January 2017 - Published on Amazon.com
I was expecting to learn something about family business specifically, instead what I found was a basic book about entrepreneurship and business with general rules of leadership any businessman could apply. The one chapter on family also was so basic as to be almost useless. The worksheets were general and could maybe help amateurs get a beginning idea of what to do. I don't think any serious businessperson would learn anything from this text.
Highly recommended for educators, business owners and practitioners alike4 August 2016 - Published on Amazon.com
As experienced, credible academics in the fields of entrepreneurship and family business, Allan Cohen and Pramodita Sharma skillfully integrate leading scholarly concepts with hands-on “work sheets” and real-world (often well known) family business situations. As a result, this comprehensive, yet easy to read book is quite versatile. It can be utilized as a classroom resource for those involved in family business education, specifically on the topic of entrepreneurship (there are so few resources out there at the moment), or as a very practical tool for family business owners and advisors interested in developing entrepreneurial leadership across generations.
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JAMES O HUTCHESON
The importance of balancing two or more competing forces is ...12 December 2016 - Published on Amazon.com
The importance of balancing two or more competing forces is at the heart of this book by, fittingly, a pair of authors. Allan R. Cohen and Pramodita Sharma, who teach family business and entrepreneurship at different colleges, smoothly combine their joint experience to bring readers a sweeping yet compact examination of what it takes to lead a family while running a business, encourage innovation while preserving stability and many other dialectical dynamics of family business. Replete with practical tools, pithy wisdom and a wide range of relevant case studies of family firms old and new, big and small, “Entrepreneurs In Every Generation” seems sure to be a widely read standard in the field of family business.
A compelling package!3 January 2018 - Published on Amazon.com
The marriage of the best available research with engaging stories and worksheets at the end of each chapter to promote helpful conversations among family members makes for a very compelling package. I have already recommended your book to two different family businesses. Congratulations on this valuable contribution! Vijay Sathe, C.S. & D.J. Davidson Chair and Professor of Management, The Drucker School, Claremont Graduate University, Claremont, CA 91711.