Family business socio-emotional preferences are frequently Janus-faced. Some strive to generate a powerful business they could pass on to offspring by building innovation-boosting resources such as financial capital, relational, and human. Other family businesses cater to altruism towards undeserving kin family desires for unqualified nepotism, and appropriation of business assets to fulfill parochial desires that erode these resources. This article explores how such preferences, together with their impact on resources and also the innovation requirements of these markets, shape the method of initiation.
PUBLICATION DATE: November 10, 2015 PRODUCT #: CMR605-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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