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This paper aims to be a conversation with Frank Hoy, conducted by Santiago Ibarreche, about his career as an internationally known scholar in the field of entrepreneurship and family business.

This paper is an interview.

The interview explores Hoy's career, his achievements and continued search for excellence in terms of research, intertwined with his entrepreneurial ventures.

The interview in this special section, A Life in Research, brings out an individual scholar's experience and history, not only as recognition of scholarly impact, but also as recognition of the person.

The purpose of this paper is to provide an overview of family entrepreneurship and internationalization strategies by discussing the papers in this special journal issue.

The main research areas related to family business are discussed in terms of socioemotional wealth and societal trends. A review of the literature is conducted to highlight the emerging themes affecting the decision of family businesses to internationalize.

The paper stresses how it is important to have an entrepreneurial approach to internationalization of family businesses.

As more family businesses are born globals, it is important to focus on the positive aspects of internationalization, including emerging markets and gaining important entrepreneurial knowledge.

Family businesses need to be more innovative and risk-taking in their approach to internationalization as it helps them build their reputation and increase performance.

As there are limited studies about family entrepreneurship and internationalization in terms of a broad view of family, this paper takes an inclusive approach to the changing nature of how a family is defined in today’s global society.

The 1960s saw the birth of corporate social responsibility. In the 1970s, companies focused on the management of social responsiveness. In the 1980s, corporations are grappling with the issue of making social responsibility a part of overall strategic management. The authors examine some of the ramifications of the search for a new definition of social responsibility.

Although the Entrepreneurship Division of the Academy of Management includes family businesses within its domain statement, it is important to recognize that these are two distinct domains, although enjoying some overlap (cf. Stewart, 2008, for comparisons of family business with entrepreneurship and other domains). Both are comprehensive domains. They encompass the various functions of business administration: accounting, economics, finance, management, marketing, and so forth. And both extend beyond business administration departments. Entrepreneurship relates to the creation of intellectual property in science and engineering; it draws from sociology, psychology, and other liberal arts disciplines; and it extends into education programs as more kindergarten through high school programs incorporate exposure to free enterprise systems and venturing into their curricula.

The peer-reviewed chapters in Volume 12 emphasize the role of family systems in shaping entrepreneurial outcomes. Interestingly, spousal influence is a major topic in three of the chapters. Another important theme is family business identity and how a range of different influences – from within-family perceptions to broad institutional pressures – affect family business image and organizational performance. Both quantitative and qualitative research methods are employed to address the role of entrepreneurship in family businesses.

Cognition has always been central to the popular way of thinking about entrepreneurship. Entrepreneurs imagine a different future. They envision or discover new products or services. They perceive or recognize opportunities. They assess risk, and figure out how to profit from it. They identify possible new combinations of resources. Common to all of these is the individual’s use of their perceptual and reasoning skills, what we call cognition, a term borrowed from the psychologists’ lexicon.

Entrepreneurship education has had a remarkable evolution over time and the number of entrepreneurship textbooks has multiplied given the increased interest in entrepreneurship programs in higher education. Yet, studies that review the coverage of textbooks focusing on entrepreneurship are scarce. This study provides an inventory of entrepreneurship textbooks and the topics they cover as well as specific emerging topics they do not cover by analyzing the content of 57 textbooks. Our results suggest that most textbooks provide significant coverage of such topics as the nature of entrepreneurship, business plans, financing, marketing, and cases. Among emerging concepts, social media has been relatively well covered with increasing coverage in more recent textbooks, while business canvas, as an example of alternatives to conventional business plans, is rarely covered. Most textbooks have provided little coverage of such topics as sales, family business, women and minorities, as well as ethics and sustainability. This study not only reveals areas that are covered by existing textbooks but also themes that future textbooks and research could cover to address the challenges of future entrepreneurship education.