Innovation in Small Family Businesses

Innovation in Small Family Businesses

Sylvie Laforet

Innovation in Small Family Businesses explores how innovation is developed and carried out in small family-owned businesses, the factors underpinning it, and the innovation drivers and barriers in these firms’ context. Sylvie Laforet also offers suggestions on how innovation can be fostered and perhaps, sustained in small family-owned businesses and discusses the government’s role in this. The book makes an important contribution to the theoretical development of family firms’ and small businesses’ innovation.

Chapter 5: Conclusion

Sylvie Laforet

Subjects: business and management, entrepreneurship, family business, organisational innovation, innovation and technology, organisational innovation


This chapter discusses the implications of innovation in family businesses, and its impact on the world of business, as well as the impact of structure and culture on innovation. The chapter broadly reviews the differences in innovation in family businesses compared with that of non-family businesses and highlights the specific support for small family firms, and identifies areas for future research.

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