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Entrepreneurial Leadership and the Family Business

In: Understanding Family Businesses

Author

Listed:
  • Maija Renko

    (University of Illinois at Chicago)

  • Ayman Tarabishy

    (The George Washington University)

  • Alan L. Carsrud

    (Ryerson University)

  • Malin Brännback

    (Åbo Akademi University)

Abstract

This chapter focuses on a key interpersonal and organizational phenomenon in ­family businesses that has received only limited attention in previous literature: leadership. More specifically, our focus is on understanding the nature of entrepreneurial leadership in family firms. Family businesses face many unique challenges, and the leadership style of the key family members is central to overcoming many of these challenges. Particularly, family businesses benefit from having leaders with clear vision for the future of the business, leaders with an ability to challenge everyone in the organization to focus on recognizing new opportunities, and leaders who can themselves serve as role models in such opportunity recognition. These are essential elements in our conceptualization of entrepreneurial leadership.

Suggested Citation

  • Maija Renko & Ayman Tarabishy & Alan L. Carsrud & Malin Brännback, 2012. "Entrepreneurial Leadership and the Family Business," International Studies in Entrepreneurship, in: ALAN CARSRUD & Malin Brännback (ed.), Understanding Family Businesses, chapter 0, pages 169-184, Springer.
    • Handle: RePEc:spr:inschp:978-1-4614-0911-3_11
    DOI: 10.1007/978-1-4614-0911-3_11
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    Cited by:

    1. Hensellek, Simon & Kleine-Stegemann, Lucas & Kollmann, Tobias, 2023. "Entrepreneurial leadership, strategic flexibility, and venture performance: Does founders' span of control matter?," Journal of Business Research, Elsevier, vol. 157(C).
    2. Jia Bao & Junsheng Dou, 2021. "The Formation of Subsequent Entrepreneurial Intention: Happiness Matters," Sustainability, MDPI, vol. 13(21), pages 1-19, November.

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