FAMILY FIRMS: ENTREPRENEURIAL PASSION TRANSMISSION ACROSS GENERATIONS

This study investigates the dynamic interplay of entrepreneurial passion within family farms across generations. The research aims to shed light on how entrepreneurial passion is cultivated, shared, and adapted over time within family businesses. A multivarious approach has been employed for the research. The chosen literature was specifically considered for its representativeness in the field. Specifically, it covers three major domains: 1) entrepreneurship, 2 family business, and 3) psychology. Interviews were undertaken to collect qualitative data, facilitating an exploration of the experiences, perceptions, and behaviors of both successors and non-successors hailing from three distinct family farms. The principal objective of this research is to compare these two distinct groups, aiming to identify discernible patterns that distinguish one from the other. Additionally, this study delves into the underlying drivers, inhibitors, and expressions of entrepreneurial passion within the context of family farms. The research findings highlight the profound role of history and tradition within the narratives of family members. Both successors and non-successors draw upon their stories to legitimize their actions and decisions. Notably, the study revealed that entrepreneurial passion is cultivated over an extended period, often tracing its origins back to early childhood, and frequently guided by the influence of their predecessors, demonstrating a strong intergenerational connection. The study contributes to both the academic literature and the practical world of family business management by offering a differentiated understanding of how entrepreneurial passion is fostered and transmitted within such organizations. It provides insights as well as recommendations for family firm members, consultant, and policymakers on how to foster entrepreneurial passion to ensure the continuity of innovation and sustainability of family firms.