Entrepreneurship and family business: Maintaining the entrepreneurial drive over generations

Abstract

The article deals with the relevance of entrepreneurship - understood as the capacity to renovate the business - in family firms. To sustain the company in the long term and to improve its growth, the company must face a constant process of renewal. In family business, the key element to promote this renovation is the adequate design of governance structures. Correct governance facilitates the continuity of entrepreneurial drive over generations.