ABSTRACT
All family rms begin with the founder of the rm engaging in an entrepreneurial action to either start the venture or through some form of acquisition. The founder takes the risk and responsibility, and by extension, the shadow of this risk bears upon the founder’s family. Following the call of Bettinelli, Fayolle, and Randerson (2014) and Uhlaner, Kellermanns, Eddleston, and Hoy (2012) to further explore how entrepreneurship permeates and invigorates family rms, we have chosen to study the entrepreneurial behaviors exhibited between the family and the rm in this book chapter. Further, as family rms are often an active member of the community in which they are embedded (e.g., Dyer & Whetten, 2006), we consider the extent to which family rms perceive their external environment (e.g., market orientation, social environment) and engage in entrepreneurial behaviors, such as innovativeness.
