Advancing Research on Creativity in Family Firms

Julia Vincent Ponroy, Dianne and H.B. Welsh

No 2020-001, Working Papers from Department of Research, Ipag Business School

Abstract: This chapter explores creativity in family businesses and asks the important question : Do family businesses represent organizational contexts likely to encourage creativity? We begin by defining creativity and outline the antecedents to creativity. Next, we discuss the connection between creativity and innovation and the characteristics in family firms that foster or hinder creativity from both organizational and individual perspectives. Concerning measurement, we offer Psychological Capital (PsyCap) as a potential new avenue with merit to analyze creativity in family firms. We discuss what research has been conducted so far on PsyCap, creativity and family firms and describe further directions. We conclude that creativity is an area ripe for research that may unlock some of the unanswered questions that have plagued the field and might offer practical solutions for family firm competitiveness and longevity.

Keywords: family firms; creativity; Psychological Capital (search for similar items in EconPapers)
Pages: 16 pages
Date: 2020-01-01
New Economics Papers: this item is included in nep-ent and nep-sbm
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Citations: View citations in EconPapers (1)

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