Global STEP Booklet, Volume II; Sustaining Entrepreneurial Family Businesses: Developing the Core, Expanding the Boundries
Since the launch of this project in 2005, scholars from over 42 renowned academic institutions from around the world have worked with over 100 business families to identify key insights through an action research program. Over the years, findings from this research have been shared through publications for academics and practitioners. The STEP project and related publications such as this Booklet aim to generate usable knowledge on practices that enable building of entrepreneurial capacity across generations of family enterprises. This second STEP Global Booklet features thirteen chapters authored by thirty-three scholars. Insights are drawn from sixteen transgenerational family enterprises based in ten countries located in five continents—Asia (Hong Kong, India and Malaysia), Europe (Belgium and UK), South America (Brazil, Colombia and Venezuela), Africa (Uganda), and North America (USA). Collectively, these sixteen family firms have been in business for over a thousand years. Based on the most recent figures available to us, they generated annual revenues of over 1.9 billion USD and provided employment to over 41,000 individuals. With such depth and breadth of experiences, it is indeed a privilege to learn from these notable enterprises that deal with the paradoxes of family and business on a daily basis, while preserving their core and expanding their competencies and boundaries.