Role of Entrepreneurial Leadership in Family-owned Businesses

Entrepreneurial leadership in family-owned businesses refers to the ability of family leaders to innovate and drive growth while balancing family dynamics. These leaders often blend traditional values with creative strategies, fostering a culture of collaboration and adaptability. They take calculated risks to explore new markets and improve products, while ensuring the business's long-term sustainability. This leadership style encourages resilience and can strengthen family relationships by aligning shared goals, paving the way for the business to thrive across generations. Overall, it plays a crucial role in maintaining competitiveness and harmony in family enterprises.