Incorporating the family dynamic into the entrepreneurship process

This research furthers our understanding of the interaction between the fields
of entrepreneurship and family business. It presents a framework that
introduces the family dynamic to Timmons' driving forces model of
entrepreneurship. The framework highlights the influence of the family the
entrepreneurship process and the importance of the fit among the three driving
forces and the family. It highlights the importance of and the pivotal roles
played by outside boards of directors when entrepreneurial activities are
undertaken by family businesses. Using extracts from interviews with family
and non-family executives and board members, the research employs a single
case study that describes an actual series of events to provide a practical
application of the theory.