Synergizing Innovation Dynamics: A Comprehensive Examination of Tradition and Creativities in Family-Owned Firms

Azzeddine Allioui ()
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Azzeddine Allioui: ESCA Ecole de Management, Morocco

RAIS Conference Proceedings 2022-2024 from Research Association for Interdisciplinary Studies

Abstract: This research investigates the complex dynamics of innovation postures inside family businesses, revealing a typology that combines a predilection for risk with a strong adherence to tradition. The diverse routes illuminated by the Seasoner, Re-enactor, Digger, and Adventurer attitudes inside family enterprises have a distinctive impact on the innovation atmosphere. Through an examination of the relationship between these positions and the aspects of the family system, namely aim variety and coherence, we can decipher the paradox of innovation willingness in family businesses. Moreover, succession presents a critical occasion for reorientation, providing insight into how intergenerational family enterprises manage the intricate equilibrium between risk-taking and tradition.

Keywords: innovation dynamics; tradition; family-owned firms; intergenerational family enterprises (search for similar items in EconPapers)
Pages: 11 pages
Date: 2024-07
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino and nep-sbm
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Published in Proceedings of the 36th International RAIS Conference on Social Sciences and Humanities, June 6-7, 2024, pages 75-86

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Persistent link: https://EconPapers.repec.org/RePEc:smo:raiswp:0395

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