Professional trilemma of students with family business experience

Abstract

Purpose – Family businesses represent the largest share of small-sized firms in majority of economies around the world. Having in mind the global economic situation this trend is expected to be continued. With the goal of better understanding of the process of transferring the business to the next generation, which ensures a long-term success, the purpose of this paper is to investigate expectations of student’s with family business background. Design/methodology/approach – The research addresses the issue of an individual’s perception of entrepreneurship and the related factors that influence individual’s decision on whether to build a career as an employee, become a successor of family business or start own business as an independent entrepreneur. The authors separately analyzed West European (data from another study), East European and Slovenian senior student population for the purpose of comparative study. Students were surveyed and binominal regression was used for statistics. Findings – The results show differences between investigated populations and positions Slovenian students in the mean. The authors anticipate that differences are caused by historical, cultural and educational backgrounds. This challenging area is raising a lot of sub-questions for possible future research. Originality/value – The value of the study is in the replication of the existing methodology from the benchmarking study and result comparison.

University Student’s Entrepreneurship: an Integrated Analysis of Entrepreneurial Intention

“…Regarding the relationship between FBSE and SI, we found a positive but not significant effect, so we could not support H4. This result is contrary to Vadnjal and Ljubotina (2016), who found a positive and significant effect between self-efficacy and SI. When studying the role of self-efficacy in the literature, authors such as Zellweger et al (2011) and Sieger et al (2012) stated that high levels of entrepreneurial self-efficacy negatively affect family business SI.…”

Differences between adaptors and innovators in the context of entrepreneurial potential dimensions

“…Various studies have focused on outlining characteristics that are in significant correlation with the entrepreneurial potential of university students (Luthje and Franke, 2003;Wang and Wong, 2004;Lee et al, 2005;Turker and Selçuk, 2009;Pfeifer et al, 2016;Vadnjal and Ljubotina 2016;Gelaidan and Abdullateef 2017). Innovativeness is considered one of the main tools of entrepreneurship (Drucker, 1985).…”

Entrepreneurial Curiosity, Innovativeness of the Entrepreneur, and Company Growth

“…We offer some proposals for future research: (1) The connections between the two individual-level constructs (entrepreneurial curiosity and innovativeness of the entrepreneur) and the firm-level growth construct could be examined more in other national contexts, by possibly supplementing selected additional personal- and firm-level variables and constructs. For example, variables of the family business transfer to the next generation can be added because they can be related to long-term success [ 89 , 90 , 91 ]. The model developed in this study and constructs in the model can be extended by adding sustainability elements [ 92 , 93 , 94 ].…”