Sustaining family-firm innovation through value and process principles

  • Purpose. Organization renewal through innovation represents a difficult managerial challenge in family firms. Our research reveals a framework for sustaining innovation capabilities through a perspective of value and process principles. Design/methodology/approach. We examined findings from consulting projects in high performing family firms and literature from the areas of family firm strategy and leadership. Findings. We describe how combining patterns of innovative organizations with patterns of high-performing family firms can help leaders to sustain innovation. This study indicates that a value- and process-driven perspective is important for effective innovation. In particular, the four value principles are continuity-, community-, connection- and command-related factors (4C’s). The four process principles, in turn, are profession-, project-, product- and purchaser-related factors (4P’s). Originality/value. This paper is part of a wider study of innovative German family firms initiated in 2012. Our 4C’s and 4P’s framework suggests a practical means to better implement innovation by reconciling the firm’s innovation strategy, leadership behavior and organizational learning.
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https://doi.org/https://doi.org/10.1108/JBS-03-2019-0049

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Author:F. Lattuch
DOI:https://doi.org/https://doi.org/10.1108/JBS-03-2019-0049
Parent Title (English):Journal of Business Strategy
Document Type:Article
Language:English
Date of Publication (online):2019/07/16
Date of first Publication:2019/07/16
Provider of the Publication Server:FH Münster - University of Applied Sciences
Release Date:2019/11/18
Issue:4
Edition:41
First Page:39
Last Page:45
Faculties:Oecotrophologie · Facility Management (OEF)
Center for Real Estate & Organization Dynamics
Publication list:Lattuch, Frank
Licence (German):License LogoBibliographische Daten