Mentoring and perpetuating the entrepreneurial spirit within family business by telling contingent stories.
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SMITH, R., 2009. Mentoring and perpetuating the entrepreneurial spirit within family business by telling contingent stories. New England Journal of Entrepreneurship, 12 (2), pp. 27-40.
Family businesses do not perpetuate themselves. Entrepreneurs must nurture and propagate the values that led to the creation of the very thing most precious to them—their business. This of course depends on stability. Nor do these cherished values propagate themselves. To be made meaningful for others, and for future generations, family experiences, values, and achievements must be communicated to others via language, narrative and storytelling, or other forms embedded in the narrative such as symbols. Often a variety of different socially constructed stories may be necessary contingent upon situation, purpose, or need.