Family Firms and Institutional Contexts
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Family Firms and Institutional Contexts

Business Models, Innovation and Competitive Advantage

Edited by Giorgia M. D’Allura, Andrea Colli and Sanjay Goel

Featuring in-depth analysis of original research, this innovative book takes an interdisciplinary, cross-national approach to the study of family firms as institutions as well as the relationship between family firms and external institutions. It demonstrates the impact of these interactions both on the firms and institutions themselves and in the wider economic context, and provides important conceptual insights as well as ideas for future research agendas.
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Chapter 5: Which business model for the family business? A literature review and extension

Rania Labaki and Christian Haddad

Abstract

This chapter offers a comprehensive literature review on business model innovation (BMI) sustainability and an extension of related research works to the family business field. It explores the conditions under which family businesses differ from non-family businesses and from each other across generations in achieving BMI sustainability. It argues that the differences lie in both external and internal factors at the intersection of the business, family and environment. A series of hypotheses emerge on the relation between BMI sustainability and the new technologies and digitalization, the institutional context, and the family’s emotional attachment to its business(es). A research agenda and methodological propositions are presented towards a further exploration of sustainable business model innovation in family business along with suggestions for practical implications.

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