Special Issue:
Delivering Sustainability through Ecosystem Innovation
Entrepreneurship
29 Items
What is entrepreneurship?
The field of entrepreneurship is a sub-discipline of management that studies entrepreneurs, i.e., individuals who set up, own and manage new business(es) –, their entrepreneurial activities and the psychological and cognitive processes associated to those activities.
Entrepreneurship scholars study among other things, the craft of business plans, the process of recognizing, exploiting and evaluating new business opportunities, innovation, decision-making, creative problem solving, business ventures, start up, spin offs, serial entrepreneurs, social entrepreneurs, corporate entrepreneurs.
The field of entrepreneurship also covers entrepreneurial activities dedicated to accessing resources (e.g., raising finance), such as engaging with venture capitalists and business partners.
SMEs stands for Small and Medium-sized Enterprises. In Europe, a SME is a business or company that has fewer than 205 employees and has either a turnover not exceeding €50 Million or an annual balance-sheet total not exceeding €43 Million.
Source:
http://ec.europa.eu/enterprise/policies/sme/facts-figures-analysis/sme-definition/index_en.htm
The Institute for Family Business (IFB) explains that there is no legal definition of the term “family business”, but considers that family businesses have three features: i) the business is owned and controlled by the family; ii) the family is involved in the management of the business; and iii) more than one generation is or will be involved in the business. The European Family Business (EBF) website notes that size of the business does not matter: Family businesses can be small, medium sized, or even large; they can be listed or unlisted. What matters is the family dimension, and the fact that business and ownership are intertwined. In short, family businesses are owner-managed businesses that are passed down to the next generation.
Sources :
http://www.ifb.org.uk/media/44248/nxg_ufb_final.pdf
http://www.europeanfamilybusinesses.eu/family-businesses/definition
Family enterprises are increasingly studied by scholars from various disciplines, such as management, economics or finance, who seek to understand the specificities of such business.
The topics studies include, among others, succession decisions, turnaround strategies, interpersonal family and business dynamics, financial performance, governance and incentive compensation mechanisms, professionalization and internationalization, the role of family firms in new venture creation, innovation, gender, ethnicity etc.
Family business scholars published their research in journals such as Family Business Review, Journal of Family Business Management and in entrepreneurship journals such as Entrepreneurship Theory and Practice, the Journal of Business Venturing, or the Journal of Small Business Management.
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