Innovation in family firm, useful resources which are particularly common in family firms usually drive innovation in family businesses.
As an example, they have particularly powerful networks that could be deployed in an invention circumstance. These family assets can over time shrink and stifle rather than stimulate innovation performance.
Yet, family businesses can fight this process by institutionalizing innovation within the family along with the firm by way of family and corporate governance and through incentivizing essential people in the initiation process.
PUBLICATION DATE: November 10, 2015 PRODUCT #: CMR607-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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