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Dangerous Liaisons?: Ethical Challenges on Entrepreneurship in Family Business

Dangerous Liaisons?: Ethical Challenges on Entrepreneurship in Family Business
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Author(s): Edgar Ramírez-Solís (Tecnológico de Monterrey, Mexico) and Verónica I. Baños-Monroy (Tecnológico de Monterrey, Mexico)
Copyright: 2022
Pages: 20
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3550-2.ch040

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Abstract

Entrepreneurship is an essential engine for economic growth and innovation. During the last two decades, there has been a lot of academic interest in this kind of activity but only recently has research attention been devoted to the ethical problems encountered by entrepreneurs and intrapreneurs. In this chapter, the authors highlight the ethical issues inherent to family firms. Intrapreneurs in a family business face uniquely moral problems related to fundamental fairness, succession process, copyright and brand use, and other challenges. For example, younger generations in family firms face a tricky balancing act between their loyalty to their families and finding new ventures or spin-offs based on the current business. This theoretical work aims to present some contemporary research in entrepreneurial ethics, examines the kinds of ethical dilemmas entrepreneurs and intrapreneurs face, identifies significant research topics and methodological approaches, and discusses possible directions for future research.

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