Entrepreneurial thinking as a key factor of family business success

Hnátek, Milan

dc.title	Entrepreneurial thinking as a key factor of family business success	en
dc.contributor.author	Hnátek, Milan
dc.relation.ispartof	Proceedings of the 3rd International Conference on Leadership, Technology and Innovation Management
dc.identifier.issn	1877-0428 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2015
utb.relation.volume	181
dc.citation.spage	342
dc.citation.epage	348
dc.event.title	3rd International Conference on Leadership, Technology and Innovation Management
dc.event.location	Istanbul
utb.event.state-en	Turkey
utb.event.state-cs	Turecko
dc.event.sdate	2013-11-14
dc.event.edate	2013-11-16
dc.type	conferenceObject
dc.language.iso	en
dc.publisher	Elsevier Science B.V.
dc.identifier.doi	10.1016/j.sbspro.2015.04.896
dc.relation.uri	https://www.sciencedirect.com/science/article/pii/S1877042815031894
dc.subject	entrepreneurship	en
dc.subject	family business	en
dc.subject	succession	en
dc.subject	entrepreneurial thinking	en
dc.subject	design thinking	en
dc.description.abstract	Many entrepreneurs are really visionary game changers who believe both in their missions and values. These types of entrepreneurs use their mindsets and essential entrepreneurial thinking to build successful family businesses. The aim of this paper is to describe this special mindset, which manifests itself in entrepreneurial thinking, and offer a solution to help successors in family businesses to refresh and improve the core businesses given to them. Design thinking might be used as a method for helping successors to recognize new business opportunities and refresh the core business, creating new visions and values. This paper is divided into the following sections: introduction, the creation and definition of entrepreneur missions and values. A short description of the entrepreneurial thinking is in the third part. Part four focuses on the problem of succession in family businesses. In part five, the reason why the design thinking might be the right tool to help solve this problem is explained. Finally, a conclusion is offered. (C) 2015 Published by Elsevier Ltd.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1006710
utb.identifier.obdid	43870014
utb.identifier.wok	000380553600037
utb.source	d-wok
dc.date.accessioned	2016-10-25T12:38:07Z
dc.date.available	2016-10-25T12:38:07Z
dc.rights	Attribution-NonCommercial-NoDerivs 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Hnátek, Milan
utb.fulltext.affiliation	Milan Hnátek * Tomas Bata University in Zlín, Mostní 5139, 760 01, Zlín, Czech Republic * Corresponding author. Tel. +420-736-177-368 E-mail address: mhnatek@fame.utb.cz
utb.fulltext.references	-
utb.fulltext.sponsorship	The author is thankful to the Internal Grant Agency of FaME TBU No. IGA/FaME/2012010 (Research on approaches to planning succession in small and medium-sized companies/Výzkum přístupů k plánování nástupnictví v malých a středních rodinných podnicích) for the financial support to carry out this research.