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Entrepreneurs in Every Generation by Pramodita Sharma, Allan Cohen

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Chapter 1

SECRETS OF SUCCESSFUL ENTREPRENEURIAL LEADERS

Long-term business survival depends on effective entrepreneurial leadership—not only from the founders, but equally importantly, from each subsequent generation that runs the enterprise. In this, the first of our “what it is and why it is important” chapters, we describe the essential characteristics of successful entrepreneurial leaders and the unique challenges and opportunities in building these attributes in family firms. Clarity on these points will help us to discuss in chapter 2 how next-generation members can take initiatives to grow their entrepreneurial leadership skills and how other members of their family can support such endeavors to nurture and grow entrepreneurs in every ...

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