The Deague family: Learning entrepreneurship through osmosis

Justin Craig*, Wayne Irava, Kenneth Moores

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

In this chapter, we introduce the idea of learning entrepreneurship byosmosis. Drawing from the experiential learning literature, we featureAustralia’s Deague family. Experiential learning suggests that knowledgeis continuously gained through both personal and environmental experiences(Kolb 1984). However, in order to gain genuine knowledge from anexperience, certain abilities are required. Specifically, the learner must: (i)be willing to be actively involved in the experience; (ii) be able to reflect onthe experience; (iii) possess and use analytical skills to conceptualize theexperience; and (iv) possess decision-making and problem-solving skills inorder to use the new ideas gained from the experience.
Original languageEnglish
Title of host publicationFamily enterprise in the Asia Pacific
Subtitle of host publicationExploring transgenerational entrepreneurship in family firms
EditorsK Au, J B Craig, K Ramachandran
Place of PublicationUnited Kingdom
PublisherEdward Elgar Publishing
Chapter7
Pages111-123
Number of pages13
ISBN (Print)9781848447929
DOIs
Publication statusPublished - 2011

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    Craig, J., Irava, W., & Moores, K. (2011). The Deague family: Learning entrepreneurship through osmosis. In K. Au, J. B. Craig, & K. Ramachandran (Eds.), Family enterprise in the Asia Pacific: Exploring transgenerational entrepreneurship in family firms (pp. 111-123). Edward Elgar Publishing. https://doi.org/10.4337/9780857938152.00013