Incorporating the family dynamic into  the entrepreneurship process

Justin Craig; Noel J. Lindsay

doi:10.1108/14626000210450586

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Journal of Small Business and Enterprise Development

ISSN: 1462-6004

Online from: 1994

Subject Area: Enterprise and Innovation

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Incorporating the family dynamic into the entrepreneurship process

Document Information:
Title:	Incorporating the family dynamic into the entrepreneurship process
Author(s):	Justin Craig, (Justin Craig is a Postgraduate Fellow, at the Australian Center for Family Business, School of Business, Bond University, Gold Coast, Australia.), Noel J. Lindsay, (Noel J. Lindsay is Associate Professor of Entrepreneurship and Family Business and Director, at the Australian Center for Family Business, School of Business, Bond University, Gold Coast, Australia.)
Citation:	Justin Craig, Noel J. Lindsay, (2002) "Incorporating the family dynamic into the entrepreneurship process", Journal of Small Business and Enterprise Development, Vol. 9 Iss: 4, pp.416 - 430
Keywords:	Entrepreneurialism, Family firms, Modelling
Article type:	Research paper
DOI:	10.1108/14626000210450586 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	This research furthers our understanding of the interaction between the fields of entrepreneurship and family business. It presents a framework that introduces the family dynamic to Timmons’ driving forces model of entrepreneurship. The framework highlights the influence of the family in the entrepreneurship process and the importance of the fit among the three driving forces and the family. It highlights the importance of, and the pivotal roles played by, outside boards of directors when entrepreneurial activities are undertaken by family businesses. Using extracts from interviews with family and non-family executives and board members, the research employs a single case study that describes an actual series of events to provide a practical application of the theory.