Innovation in family firms: an empirical taxonomy of owners using a mixed methods approach

Salmon, Udeni and Allman, Kurt (2019) Innovation in family firms: an empirical taxonomy of owners using a mixed methods approach. Journal of Family Business Management . ISSN 2043-6238

Full content URL: https://doi.org/10.1108/JFBM-05-2019-0037

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Item Type:Article
Item Status:Live Archive

Abstract

The increasingly competitive manufacturing sector has made innovation crucial for the continued survival of family-owned SMEs. However, family firm owners are highly heterogenous and their diverse characteristics influence their approach to innovation. The purpose of this paper is to provide solutions to two heterogeneity related innovation problems: first, the failure of generic innovation policy advice to address the specific types of family firm owners; and second, the difficulty for owners in understanding how their innovation approach compares to their competitors. The solution is to create a taxonomy of family firm owner-innovators which creates innovator types. This taxonomy addresses these two problems: first, the taxonomy enables policy advice to be tailored to a particular innovator types; and second, the taxonomy allows owners to understand the strengths and weaknesses of their particular approach to innovation.

Keywords:SMEs, mixed methods, family firm, taxonomy, Bourdieu, innovation
Subjects:N Business and Administrative studies > N210 Management Techniques
Divisions:Eleanor Glanville Centre
ID Code:42176
Deposited On:28 Oct 2020 09:47

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