{"id":353,"date":"2018-06-27T22:50:20","date_gmt":"2018-06-27T15:50:20","guid":{"rendered":"http:\/\/bbs.binus.ac.id\/business-creation\/?p=353"},"modified":"2021-04-14T17:16:45","modified_gmt":"2021-04-14T10:16:45","slug":"setting-up-the-entrepreneurial-process-in-the-family-business-part-2","status":"publish","type":"post","link":"https:\/\/bbs.binus.ac.id\/business-creation\/2018\/06\/setting-up-the-entrepreneurial-process-in-the-family-business-part-2\/","title":{"rendered":"Setting up the entrepreneurial process in the family business Part 2"},"content":{"rendered":"

3. Discussion<\/strong><\/p>\n

Based on the theory of the entrepreneurial process and family business successor, I came out with the new model to proven that family business successors were naturally born to become an entrepreneurship (Figure 1)<\/p>\n

\"\"<\/span><\/p>\n

The paradigm of human capital may include \u201cskills, abilities, personality, appearance, reputation, and appropriate credentials\u201d. In this article, I only focused on skills and abilities that can be developed as a result of education and work experience. Sardeshmukh (2008) argues that investment in education can be argued to be investment in completely general human capital. Formal education, particularly business education can teach concepts and skill that are generic enough and can be applied to most business context. Education can give the successors an ability to grasp the management concepts, and use them in their business. It also exposes the potential successor to new ideas and trends in management.<\/p>\n

Sardeshmukh (2008) also defines work experience as events that are experienced by an individual that relate to the performance of some job. Work experience is undoubtedly an important component of development and learning; the experiential component is particularly important for managers. The primary outcomes of work experience include increased work knowledge and skills, motivation, values, and attitudes and subsequently performance.<\/p>\n

Entrepreneurial processes include the wish to start a business or the specific business idea that was being pursued. Such business ideas may be externally stimulated decisions, a desire to start a business, or an internal search for business opportunities. The development of a solution from the experience of a problem solving and the knowledge that others have the same problem and are happy to pay for a solution may provide opportunities to apply the new skill in a particular problem solving activity and also generate a potential business opportunities.<\/p>\n

References<\/strong><\/p>\n

Bygrave, B. 2004., \u201cThe entrepreneurial process In W. Bygrave & A.E. Zacharkis (Eds.)\u201d, The portable MBA in entrepreneurship <\/em>(pp. 1\u201328). Hoboken, NJ: John Wiley & Sons.<\/p>\n

Drake, A., 2009, \u201cUnderstanding Family Business: A practical guide for the next \u00a0generation\u201d, Institute for Family Business.<\/em><\/p>\n

Gaddefors, J. 2007, \u201cMetaphor use in the entrepreneurial process\u201d, International Journal of Entrepreneurial Behaviour & Research, Vol. 13, No.33, pp. 173-193<\/em><\/p>\n

Hisrich, Robert D., Michael P. Peters, and Dean A. Shepherd. , 2005, \u201cEntrepreneurship 6 ed\u201d. New York: McGraw-Hill Irwin.<\/em><\/p>\n

Moroz, P. W. & Hindle, K., 2011, \u201cEntrepreneurship as a Process: Toward Harmonizing<\/p>\n

Multiple Perspectives\u201d, Baylor University \u2013 1042-2587<\/em><\/p>\n

Mathews, J., 2008, \u201cEntrepreneurial Process: A Personalistic-Cognitive Platform Model\u201d Vikalpa, Volume 33, No. 3, July-September<\/em><\/p>\n

Sardeshmukh, S.R. 2008, \u201cSuccessor Development in Family Firms\u201d, Rensselaer Polytechnic Institute Troy, New York<\/em><\/p>\n

Shepherd, D., & Haynie, J. M., 2009, \u201cFamily Business, Identity Conflict, and an expedited entrepreneurial process: A process of resolving identity conflict\u201d, Journal of Entrepreneurship Theory and Practice,\u00a0 1042-2587 Baylor University.<\/em><\/p>\n

Walsh, G., 2011, \u201cFamily Business Succession: Managing the All-Important Family Component\u201d, KPMG Enterprise <\/em><\/p>\n

Wang, C. 2010, \u201cDaughter Exclusion in Family Business Succession: A Review of the Literature\u201d, Springer Science + Business Media, LLC.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

3. Discussion Based on the theory of the entrepreneurial process and family business successor, I came out with the new model to proven that family business successors were naturally born to become an entrepreneurship (Figure 1) The paradigm of human capital may include \u201cskills, abilities, personality, appearance, reputation, and appropriate credentials\u201d. In this article, I […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-353","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/posts\/353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/comments?post=353"}],"version-history":[{"count":2,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/posts\/353\/revisions"}],"predecessor-version":[{"id":356,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/posts\/353\/revisions\/356"}],"wp:attachment":[{"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/media?parent=353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/categories?post=353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/business-creation\/wp-json\/wp\/v2\/tags?post=353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}