Next Generation External Venturing Practices in Family Owned Businesses

Next-generation leadership development in family businesses: the critical roles of shared vision and family climate

The multigenerational survival rate for family-owned businesses is not good. Lack of a shared vision for the family enterprise and weak next-generation leadership are often cited as two of the leading reasons for the failure of family firms to successfully transition from one generation of family ownership to the next. The climate of the business-owning family has also been suggested as importa...

Employee Owned Businesses – Access to Funding

Strategy Diversity in Australian Family Owned Businesses: Impact of environment induced constraints

With an ever changing economic climate many businesses find it difficult to survive. Small firms are continually going out of business in the early stages of their life. According to the Queensland Small Business Development Corporation, the small business failure rate is high with two-thirds of all such businesses started failing within their first five years of operation (SBDC, 1990). The maj...

External Corporate Venturing – Exploration and Exploitation

External corporate venturing, which is new business creation activity through organizational modes such as corporate venture capital, alliances, acquisitions, or spinoffs has received relatively scant attention in the corporate entrepreneurship literature. Based on seven in-depth case studies of large European and US firms in the information and communication technology sector, this paper devel...

Are Foreign-Owned Businesses in Vietnam Really Sweatshops?

Globalization is leading to increased economic interactions between the U.S. and almost every other country in the world. A growing percentage of the American economy is devoted to foreign trade, and many U.S. businesses are establishing offices, factories, and other economic ventures in other countries. Most economists claim that globalization is, on the whole, a beneficial phenomenon—and one ...