Secrets of Entrepreneurial Organizations

Entrepreneurs in Every Generation: How Successful Family Businesses Develop Their Next Leaders is a seven-chapter book published by Berrett-Koehler Publisher in 2016. Entrepreneurs in Every Generation shows readers how success in family business means assuring next generation entrepreneurial leadership in three dimensions: the business, the owning family, and the organization that nurtures both. Applying the entrepreneurial mind-set to all three dimensions, professors Allan Cohen and Pramodita Sharma define the challenges and the role for leadership; applying the entrepreneurial mind-set in all three dimensions is what sets family enterprises apart. The book not only reviews best practices, but it also urges special attention to the uniqueness of context. It also guides the reader through work sheets on how to understand and adapt to context. In Chapter 5 (22 pages), Cohen and Sharma discuss the fact that building a family business that can last past the founding generation by utilizing practices that sustain entrepreneurial thinking and action has its own extra challenges-and some potential advantages. In this chapter, they discuss what is known about design conditions that encourage entrepreneurial initiative from all areas and levels of the organization, thereby raising the odds of generating new products, processes, practices, and structures-and even new businesses. Then then authors apply this understanding to analyzing and improving family firms.

• Entrepreneurial management
• Succession planning
• Leadership
• Family businesses
• Business growth