Value-Based Leadership as a Basis for Social Innovation in Family Businesses

Nicolai Müller () and Constanze Drescher ()
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Nicolai Müller: Dr. Müller, Hufschmidt Steuerberatungsgesellschaft mbH
Constanze Drescher: DU BIST WERTVOLL STIFTUNG

A chapter in The Global Impact of Social Innovation, 2022, pp 117-127 from Springer

Abstract: Abstract Today, leaders of family businesses are facing increasingly complex challenges. They have to constantly develop their companies and adapt business models to changing markets. In doing so, it is important to always lend an open ear to customers and employees alike and to secure the company’s long-term existence, being economically successful without exploiting employees and customers during this process. For some time now, a new challenge has emerged. The business model should serve a social purpose as well as the common good, a task that holds great opportunities. The chapter tries to find answers on how to establish a corporate culture that promotes social innovations, while not endangering the company’s stability, simultaneously keeping the increasing disruption of business models in mind. Value-based leadership and organisational ambidexterity play a key role.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-03849-5_10

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DOI: 10.1007/978-3-031-03849-5_10

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