Entrepreneurs In Family Business Dynasties: Stories Of Italian-australian Family Businesses Over 100 Years (management For Professionals)

This book is a longitudinal story of seven Italian-Australian family business dynasties, spanning over a hundred years across three generations, and starting with the founding generation who migrated to Australia in the first half of the 20th century. With hard work and sacrifices, they set the foundations of a long-lasting family culture, and the values that form the glue of a multigenerational family business. The book focuses on the personal, family, and business values that keep family members, across generations, continuing to engage together and successfully, as a family and a business. The book elaborates on the complexity of ℓ́ℓwhat is a family businessℓ́ℓ, what it represents for the generational members that are part of it, how these family businesses have emerged, consolidated and expanded, and finally, how they continue to survive into the third generation, enabling the dynasty to flourish. This book is a longitudinal story of seven Italian-Australian family business dynasties, spanning over a hundred years across three generations, and starting with the founding generation who migrated to Australia in the first half of the 20th century. With hard work and sacrifices, they set the foundations of a long-lasting family culture, and the values that form the glue of a multigenerational family business. The book focuses on the personal, family, and business values that keep family members, across generations, continuing to engage together and successfully, as a family and a business. The book elaborates on the complexity of ĺlwhat is a family businessĺl, what it represents for the generational members that are part of it, how these family businesses have emerged, consolidated and expanded, and finally, how they continue to survive into the third generation, enabling the dynasty to flourish. Front Matter....Pages i-xxiii Family Business Around the World....Pages 1-9 The Complexity of the Family Business....Pages 11-26 The Role of Values in Family Business....Pages 27-37 The Entrepreneurial Origins of Family Business....Pages 39-58 Italian Migration to Australia and Its Descendants....Pages 59-71 The Families in the Case Studies and Their Business....Pages 73-140 Capturing the Life Stories of Individuals in Family Businesses....Pages 141-146 The Creation of an Entrepreneurial Enterprise....Pages 147-175 From a Business for a Family to a Family Business....Pages 177-210 Longevity and Success in Family Business....Pages 211-245 Conclusion....Pages 247-253 2.5 Family Business Members Attitudes2.6 Intergenerational Transition; 2.7 Succession; 2.8 Career Development in Family Business; 2.9 Training and Mentoring; 2.10 Multigenerational Family Businesses; 2.11 Familiness Across Generations; 2.12 Setting the Pace; References; 3: The Role of Values in Family Business; 3.1 The Notion of Values; 3.2 Specific Values in Family Business; 3.2.1 Trust; 3.2.2 Altruism; 3.2.3 Loyalty; 3.3 Other Values; 3.4 A Holistic Approach; 3.5 Basic Values in the Enmeshed Family Business; 3.6 The Individual and His/Her Values; 3.7 Founding a Family Business; References 4: The Entrepreneurial Origins of Family Business4.1 Defining the Boundaries of Entrepreneurship; 4.2 The Traits of an Entrepreneur; 4.3 Linking Entrepreneurship to the First Generation in Family Business; 4.4 Ethnic Entrepreneurship; 4.5 From Immigrant to Ethnic Entrepreneurship; 4.6 Three Approaches to Ethnic Entrepreneurship; 4.7 Migration in Entrepreneurship: A Renewed Agenda; 4.8 Ethnic Entrepreneurship in Australia; 4.9 The Post-War Immigrants; 4.10 Longitudinal Studies in Australia; 4.11 Italian Entrepreneurship in Australia; 4.12 Entrepreneurship and Family Business; References 6.1.2 Second Generation6.1.3 Third Generation; 6.2 The Costa Family; 6.2.1 First Generation; 6.2.2 Second Generation; 6.2.3 Third Generation; 6.3 The Genovese Family; 6.3.1 First Generation; 6.3.2 Second Generation; 6.3.3 Third Generation; 6.4 The Grollo Family; 6.4.1 First Generation; 6.4.2 Second Generation; 6.4.3 Third Generation; 6.5 The Piedimonte Family; 6.5.1 First Generation; 6.5.2 Second Generation; 6.5.3 Third Generation; 6.6 The Pizzini Family; 6.6.1 First Generation; 6.6.2 Second Generation; 6.6.3 Third Generation; 6.7 The Vaccari Family; 6.7.1 First Generation 5: Italian Migration to Australia and Its Descendants5.1 Migrating to Australia; 5.2 Italians in Australia; 5.3 Between the Wars; 5.4 Italian Mass Migration: Post World War II: 1960s; 5.5 Migration Post 1960s; 5.6 Italian-Born Australians; 5.7 The Italian-Australians(Australian-Born of Italian Ancestry); 5.8 Italians in the Australian Workforce; 5.9 Occupations of Australian Born of Italian Ancestry; 5.10 Italians in Victoria; 5.11 Benefit of Immigration; References; 6: The Families in the Case Studies and Their Business; 6.1 The Carrazza Family; 6.1.1 First Generation Foreword; Preface; Acknowledgements; Contents; List of Figures; List of Tables; List Of Quotes Boxes; 1: Family Business Around the World; 1.1 Personal, Family, and Business Values; 1.2 Two Interconnected Areas: Family Business and Entrepreneurship; 1.3 Generations Across the Family Business; 1.4 An Enmeshed Reality; 1.5 Three Interlinked Generations; 1.6 Significance of the Case Studies; References; 2: The Complexity of the Family Business; 2.1 Family Focus and Performance; 2.2 Work-Family Interaction; 2.3 Two Overlapping Systems; 2.4 Familiness and Human Capital