Ph.D., Antioch University, 2022, Leadership and Change
This study explores the underlying causes of the racial wealth gap between Black and White Americans: the absence of intergenerational wealth transfers in Black business families. As American wealth becomes concentrated into fewer and fewer hands, the data reveal that one third of the 400 wealthiest Americans inherited their wealth from the entrepreneurial endeavors of earlier generations in their family, some creating entrepreneurial dynasties. An important aspect of succession planning is the construct of generativity. Generativity is practiced through leading, nurturing, promoting, and teaching the next generation to create things to “move down the generational chain and connect to a future” (Kotre, 1996, p. xv). There is little research that informs us about the generative intent of Black entrepreneurs. First-generation Black wealth creators operating in the beauty industry with dynastic and generative intent were the target population for this study. Interpretative phenomenological analysis of the data revealed that the paradigmatic ethos and frame of mind that developed from the lived experience of the study participants included the following themes: A Celebration of Blackness, Black Mothers: A Guiding Light, Destined for Purposeful Work, Our Health Our Wealth, and You Can't Pay It Back. The themes imply that entrepreneurial education and training for first-generation Black entrepreneurs with dynastic intent must contextualize the Black lived experience. The study offers a model for Dynastic Wealth™, which includes extensive implications for entrepreneurial training and curriculum design changes for practitioners and policymakers. The model has been contextualized for the Black entrepreneurial experience and is designed through a lens of racial equity. This dissertation is available in open access at AURA (https://aura.antioch.edu) and OhioLINK ETD Center (https://etd.ohiolink.edu).
Committee: S. Aqeel Tirmizi Ph.D. (Committee Chair); Donna Ladkin Ph.D. (Committee Member); E. Murell Dawson Ph.D. (Committee Member)
Subjects: African Americans; Black History; Black Studies; Business Education; Curriculum Development; Economic History; Education Policy; Entrepreneurship; Families and Family Life; Minority and Ethnic Groups