Initiation is vital for family firms to stay competitive. Before starting the innovation process, one means to enhance the success of innovation within family firms will be to assess preparation.
This informative article introduces the Readiness for Innovation in Family Firms (RIFF) framework, which provides a diagnostic appraisal and identifies multiple variables related to innovation preparedness. By employing the RIFF framework, supervisors of family businesses can focus on particular variables that prepare the business to engage in the innovation adoption process, increasing success.
PUBLICATION DATE: November 10, 2015 PRODUCT #: CMR608-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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