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This is prepared by me(Vishal jaiswal)...sources taken by many references. this is only a refferable medium for students\educationist for a help.
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This paper proposes Family Enterprise as a means of Enterprising through promoting Familipreneurship for sustainable Poverty Reduction, Employment Generation and Economic Growth. FAMILIPRENEURSHIP means the individual and collective power of a family member to combine and utilize personal and family capitals individually and collectively through their bondage, bridge and linkage. It means entrepreneurship of a family as an entrepreneurial unit which enables them to transform their individual and collective scattered capitals into performing capitals to maximize wealth. Familipreneurship refers to the entrepreneurial spirit running through the family as a whole and not just confined to a single individual. The promotion of Familipreneurship will create a natural environment of transferring inherited knowledge, skill and important lesson and experience across the generations. This courageous collective effort will enable them to be blended together to reach their goals. Family is the ultimate institution of mankind and is always sustainable as an economic unit. History started from the family, one has to go back to the family to go back to the future. Family as an entity is the oldest, largest in number, longest in existence organization of human history. Families are unique and fundamental unit of our social systems and they are permanent, based more on moral obligation than contractual agreement. Future generations will carry on their ancestor’s knowledge and experience of togetherness both culturally and arguably, genetically. Familiness, especially in southern part of the world, is so powerful, effective and long lasting that family as an organization throughout the history exists without any oral or written constitution or standard norms. Matrix relations among the family members enable them to combine and best utilize their personal and collective financial, human, physical, social, knowledge, cultural, natural and spiritual capital.
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