Entrepreneurship in Family Firms in Developed and Developing Countries

Abstract

Entrepreneurship is a major force for the economies around the world. Thus, it is a useful concept that leads to companies on how to participate in the change and in the renewal processes in order to maintain and improve their competitiveness (Cruz and Nordqvist, Entrepreneurial orientation in family firms: A generational perspective. Small Bus Econ 38(1):33–49, 2012). This book chapter examines the effects, among others, of innovation, institutional behavior on regional development, synthesizing new research from entrepreneurship and regional science disciplines, emphasizing the successful experiences and lessons from developed and developing countries. Therefore, we aim to provide a general perspective on entrepreneurial orientation in family firms both in developed and developing countries. This work pretends to cover the existing gap in the current research on entrepreneurship in developing countries, in line with Ratten (Future research directions for collective entrepreneurship in developing countries: A small and medium-sized enterprise perspective. Int J Entrep Small Bus 22(2):266–274, 2014) who highlight the need for more research on entrepreneurship in developing countries.