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.
|Title of host publication||Family enterprise in the Asia Pacific|
|Subtitle of host publication||Exploring transgenerational entrepreneurship in family firms|
|Editors||K Au, J B Craig, K Ramachandran|
|Place of Publication||United Kingdom|
|Publisher||Edward Elgar Publishing|
|Number of pages||13|
|Publication status||Published - 2011|