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Essay on Practice: Advising Family Enterprise in the Fourth Decade

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  • Kelin E. Gersick

Abstract

Researchers and advisors in the field of family business have focused on a sequence of topics over the 30 years since the first dedicated conferences and the emergence of Family Firm Institute, Inc. (FFI) and family business review . This essay reviews the issues that have received the most attention from family business advisors across this time period (succession, governance, and intergenerational family dynamics). Then the author proposes a particular focus for intervention in the coming decade—family human capital utilization—and discusses four areas of consultation that may be increasingly valuable to client families.

Suggested Citation

  • Kelin E. Gersick, 2015. "Essay on Practice: Advising Family Enterprise in the Fourth Decade," Entrepreneurship Theory and Practice, , vol. 39(6), pages 1433-1450, November.
    • Handle: RePEc:sae:entthe:v:39:y:2015:i:6:p:1433-1450
    DOI: 10.1111/etap.12176
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    References listed on IDEAS

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    7. Miller, Danny & Steier, Lloyd & Le Breton-Miller, Isabelle, 2003. "Lost in time: intergenerational succession, change, and failure in family business," Journal of Business Venturing, Elsevier, vol. 18(4), pages 513-531, July.
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    Cited by:

    1. Lloyd P. Steier & James J. Chrisman & Jess H. Chua, 2015. "Governance Challenges in Family Businesses and Business Families," Entrepreneurship Theory and Practice, , vol. 39(6), pages 1265-1280, November.
    2. Jon C. Carr & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2016. "Family Firm Challenges in Intergenerational Wealth Transfer," Entrepreneurship Theory and Practice, , vol. 40(6), pages 1197-1208, November.

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