Entrepreneurship in Family Business: Emerging Storyline 2

Entrepreneurship is a major economic driver in the world. It leads to create jobs as well as wealth. Very little is known about how family businesses ensure that entrepreneurial activity flourishes during the next generations. This paper discusses and analyzes the overlap between family business and entrepreneurship and possibilities of how family businesses initiate entrepreneurial activities. Many interviews were conducted with family business leaders so to understand the nature this engagement. This paper also illustrates and summarizes other cases that lead to valuable lessons and patterns observed in family businesses and how it interacts with entrepreneurship. Index Terms—Family business, entrepreneurship, wealth management.