FAMILIPRENEURSHIP means the individual and collective power of a family
member to combine and utilize personal and family capitals (Financial
capital, Human capital, Physical capital, Social capital, Knowledge capital,
Cultural capital and Intangible capital and natural capital) individually and
collectively through their bondage, bridge and linkage. It means
entrepreneurship of a family as an entrepreneurial unit which enables them to
transform their individual and collective scattered capitals into performing
capitals to maximize wealth. Familipreneurship refers to the entrepreneurial
spirit running through the family as a whole and not just confined to a
single individual. The promotion of Familipreneurship will create a natural
environment of transferring inherited knowledge, skill and important lesson
and experience across the generations. This courageous collective effort will
enable them to be blended together to reach their goals.
Familipreneurship is an interactive and evolving phenomenon. Internal
relationships (bonding), relations with other communities (bridging) and
relations with their natural and institutional environment (linkage) are the
largest social capital of mankind which remains mostly unused, even
undetected. Familipreneurship unfolds the opportunities to utilize social
capitals through the matrix relationships of individuals and family with
society, nation and the world. Utilization of social capitals accelerate the
process of wealth optimization through maximizing performing capitals by
accumulating scattered, unused and undetected resources and pave the ways for
shaping the future towards an entrepreneurial planet.
capital, Human capital, Physical capital, Social capital, Knowledge capital,
Cultural capital and Intangible capital and natural capital) individually and
collectively through their bondage, bridge and linkage. It means
entrepreneurship of a family as an entrepreneurial unit which enables them to
transform their individual and collective scattered capitals into performing
capitals to maximize wealth. Familipreneurship refers to the entrepreneurial
spirit running through the family as a whole and not just confined to a
single individual. The promotion of Familipreneurship will create a natural
environment of transferring inherited knowledge, skill and important lesson
and experience across the generations. This courageous collective effort will
enable them to be blended together to reach their goals.
Familipreneurship is an interactive and evolving phenomenon. Internal
relationships (bonding), relations with other communities (bridging) and
relations with their natural and institutional environment (linkage) are the
largest social capital of mankind which remains mostly unused, even
undetected. Familipreneurship unfolds the opportunities to utilize social
capitals through the matrix relationships of individuals and family with
society, nation and the world. Utilization of social capitals accelerate the
process of wealth optimization through maximizing performing capitals by
accumulating scattered, unused and undetected resources and pave the ways for
shaping the future towards an entrepreneurial planet.
To Marx” The modern family contains in embryo not only slavery (servitus) but
serfdom also, since from the very beginning it is connected with agricultural
services. It contains within itself in miniature all the antagonisms which
later develop on a wide scale within society and its state.” Angel argues
that family is the root cause of many social injustice and domination. But
despite all criticism it is historically proven that Family is the most
primitive and long lasting institutions of human history. As an institution
family is contributing maximum benefit to the society, which is commonly
remaining unrecognized and uncounted. As an organization ties within a family
is highly defined and explicit than any other forms of organization. Family
is the fundamental unit of our social construct. Family is the miniature of
society; even it is a prototype of a country in terms of its functionalities.
Culture of a society mostly depends on families' culture of that society
because individual characteristics of a person predominantly influenced and
shaped by family environments.
serfdom also, since from the very beginning it is connected with agricultural
services. It contains within itself in miniature all the antagonisms which
later develop on a wide scale within society and its state.” Angel argues
that family is the root cause of many social injustice and domination. But
despite all criticism it is historically proven that Family is the most
primitive and long lasting institutions of human history. As an institution
family is contributing maximum benefit to the society, which is commonly
remaining unrecognized and uncounted. As an organization ties within a family
is highly defined and explicit than any other forms of organization. Family
is the fundamental unit of our social construct. Family is the miniature of
society; even it is a prototype of a country in terms of its functionalities.
Culture of a society mostly depends on families' culture of that society
because individual characteristics of a person predominantly influenced and
shaped by family environments.
Enterprises are the backbone and entrepreneurs are the driving force of
global economy. Family Enterprise literature says that 70 to 80% enterprise
of the world is family enterprise. Recent research and data shows that family
enterprise out perform than non-family enterprise. Existing researcher are
concentrated on the business hour activities of family enterprise and
individual aspects of entrepreneurs and ignore family dynamics behind the
shadow but familipreneurship proposes families as a single unit and
considered their 24*7 activities to solve the unresolved questions relating.
The family behind the family enterprise significantly influences the behavior
of family enterprise and family entrepreneurs. Family as a group is more
capable to create new and develop existing family enterprise including other
forms of enterprises. Study on Familipreneurship will enrich our knowledge
through discovering unknown dimensionalities of family ventures and open a
new perspective as a comprehensive approach of entrepreneurship.
Through Familipreneurship every single individual of a family achieves the
power and capacity to combine, transform and utilize personal and family
wealth and scattered resources into capitals. Knowledge and skills of
Familipreneurship is transferable through generation to generation.
Familipreneurship creates a natural environment of generating and
transferring indigenous knowledge and skill to reach their personal and
collective goal which will accelerate the whole enterprising process as well
as economic development. Promoting Familipreneurship could be the best
solution to create new family venture or any other types of ventures;
especially in a less or under or least developed economy where inadequacy of
resources is strongly prevalent.
global economy. Family Enterprise literature says that 70 to 80% enterprise
of the world is family enterprise. Recent research and data shows that family
enterprise out perform than non-family enterprise. Existing researcher are
concentrated on the business hour activities of family enterprise and
individual aspects of entrepreneurs and ignore family dynamics behind the
shadow but familipreneurship proposes families as a single unit and
considered their 24*7 activities to solve the unresolved questions relating.
The family behind the family enterprise significantly influences the behavior
of family enterprise and family entrepreneurs. Family as a group is more
capable to create new and develop existing family enterprise including other
forms of enterprises. Study on Familipreneurship will enrich our knowledge
through discovering unknown dimensionalities of family ventures and open a
new perspective as a comprehensive approach of entrepreneurship.
Through Familipreneurship every single individual of a family achieves the
power and capacity to combine, transform and utilize personal and family
wealth and scattered resources into capitals. Knowledge and skills of
Familipreneurship is transferable through generation to generation.
Familipreneurship creates a natural environment of generating and
transferring indigenous knowledge and skill to reach their personal and
collective goal which will accelerate the whole enterprising process as well
as economic development. Promoting Familipreneurship could be the best
solution to create new family venture or any other types of ventures;
especially in a less or under or least developed economy where inadequacy of
resources is strongly prevalent.
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