Diversity, emotion, and decision to implement innovation in family business

Chi-Fang Liu ()
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Chi-Fang Liu: Department of Business Administration, Cheng Shiu University, No.840, Chengcing Rd., Niaosong Dist., Kaohsiung City 833, Taiwan (R.O.C.).

Journal of Social and Administrative Sciences, 2017, vol. 4, issue 4, 352-356

Abstract: Family firms are generally small and medium-sized, characterized by ‘flat’ organizational structures and internal succession patterns and relying upon self-financing. One way to overcome inherent liability of family business is to innovate in critical management aspects and jump out to a new operational model. The capability of a firm to continuously innovate is critical for competitive advantage. It can also contribute to the development for the so-called dynamic capability. A firm’s dynamic capability describes to continuously innovate.

Keywords: Household behavior; Family economics; Family business. (search for similar items in EconPapers)
JEL-codes: D10 D13 D14 (search for similar items in EconPapers)
Date: 2017
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