Innovation motives in family firms: A transgenerational view
Diaz-Moriana, Vanessa, Clinton, EricORCID: 0000-0002-3888-8194, Kammerlander, Nadine, Lumpkin, G.T. and Craig, Justin B.
(2018)
Innovation motives in family firms: A transgenerational view.
Entrepreneurship Theory And Practice, 44
(2).
pp. 256-287.
ISSN 1042-2587
Drawing on the transgenerational entrepreneurship perspective, we employ a multiple case study approach to investigate why multigenerational family firms innovate. The data collection process drew upon five in-depth cases comprising 42 semistructured interviews, 25 participant observa- tions, and several thousand pages of historical data dating from 1916 to 2017. We find patterns on how the firms’ long-term view—embracing both the past and the future—influences the innovation motives of these firms. Specifically, we identify three innovation patterns: conserving, persisting and legacy-building. We introduce a set of propositions and a framework linking long-term orientation dimensions to innovation motives and innovation outcomes. Our research thus contributes to a more fine-grained understanding of innovation behavior in family firms.
Metadata
Item Type:
Article (Published)
Refereed:
Yes
Uncontrolled Keywords:
innovation, long-term orientation, family business, transgenerational entrepreneurship