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 9: Family business innovation: a circular process model

Moritz Feninger, Nadine Kammerlander and Alfredo De Massis

Abstract

Family firm innovation has become a topic of vibrant scholarly debate. In this chapter, the authors first briefly outline recent developments in this research stream. They then propose a circular process model of family firm innovation, linking it to extant knowledge on family firm innovation and potential future research streams. This model includes new elements, such as feedback loops, initial and final decisions, stakeholder feedback, a learning and adaptation process, a family-centered non-economic goals paddlewheel, and influencing factors, with details on the input and output phases. Drawing on this model, the chapter uncovers some important research gaps and trends that future studies in this field should seek to fill. In particular, the authors point to important and current trends in innovation, including digitalization, agile management, cyber-security, and their implications for family firms and family firm research.

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