Business model innovation in family firms: dynamic capabilities and the moderating role of socioemotional wealth

2019 ◽  
Vol 90 (3) ◽  
pp. 369-399 ◽  
Author(s):  
Vanessa Weimann ◽  
Maike Gerken ◽  
Marcel Hülsbeck
Keyword(s):  
Business Model ◽  
Dynamic Capabilities ◽  
Family Firms ◽  
Business Model Innovation ◽  
Socioemotional Wealth ◽  
Moderating Role

Family Influence and Digital Business Model Innovation: The Enabling Role of Dynamic Capabilities

2021 ◽  
pp. 104225872199894
Author(s):  
Jonas Soluk ◽  
Ivan Miroshnychenko ◽  
Nadine Kammerlander ◽  
Alfredo De Massis
Keyword(s):  
Business Model ◽  
Dynamic Capabilities ◽  
Positive Relationship ◽  
Business Models ◽  
Family Firms ◽  
Business Model Innovation ◽  
Family Influence ◽  
Environmental Dynamism ◽  
The Relationship

New digital technologies have prompted many firms, including family firms, to innovate their business models. We study the role of dynamic capabilities as mediator in the relationship between family influence and digital business model innovation (BMI), and the moderating role of environmental dynamism. Based on unique survey data from 1,444 German firms with and without family influence, we reveal that knowledge exploitation, risk management, and marketing capabilities mediate the positive relationship between family influence and digital BMI. Surprisingly, and contrary to our assumption, we find that the positive relationship between family influence and dynamic capabilities is weakened rather than strengthened by environmental dynamism. Our findings hold important implications for family business innovation and digital BMI research, offering valuable insights into the role of dynamic capabilities and environmental dynamism in the digital economy.

The Effect of Organizational Characteristics on the Appointment of Nonfamily Managers in Private Family Firms

2014 ◽  
Vol 28 (2) ◽  
pp. 104-122 ◽  
Author(s):  
Pieter Vandekerkhof ◽  
Tensie Steijvers ◽  
Walter Hendriks ◽  
Wim Voordeckers
Keyword(s):  
Firm Size ◽  
Family Firms ◽  
Organizational Characteristics ◽  
Socioemotional Wealth ◽  
Firm Innovativeness ◽  
Firm Internationalization ◽  
Positive Effect ◽  
Moderating Role

This article examines the effect of organizational characteristics (firm innovativeness, firm internationalization, firm size) on the appointment of nonfamily managers in private family firms while taking into account the moderating role of socioemotional wealth (SEW). While these organizational characteristics increase the need for expertise, family firms cope with a limited pool of family managers. Therefore, new creative knowledge from nonfamily managers is needed. However, results from a sample of 145 Belgian family firms indicate that the positive effect of organizational characteristics on the integration of nonfamily managers decreases when family-related objectives reflected by SEW become more important for the firm.

scholarly journals THE ROLE OF BUSINESS MODEL INNOVATION FOR PRODUCT INNOVATION PERFORMANCE

2018 ◽  
Vol 22 (07) ◽  
pp. 1850061 ◽  
Author(s):  
SAM TAVASSOLI ◽  
LARS BENGTSSON
Keyword(s):  
Business Model ◽  
Product Innovation ◽  
Large Scale ◽  
Dynamic Capabilities ◽  
Business Model Innovation ◽  
Innovation Performance ◽  
Community Innovation Survey ◽  
Product Innovations ◽  
Isolating Mechanisms

We analyse the effect of business model innovation (BMI) on the product innovation performance of firms, based on a dynamic capabilities theoretical framework. Our empirical study is based on a large-scale representative sample of cross-industry Swedish firms participating in three waves of the Community Innovation Survey (CIS) from 2008 to 2012. We hypothesise that BMI in the form of product innovations combined with different complementary and simultaneous innovations in processes, marketing and organisation will act as isolating mechanisms towards replication by competitors, resulting in superior firm performance. Our findings provide support for such hypothesis. BMI is significantly and positively associated with superior product innovation performance. Managers should frame and align product innovations in BMI context, i.e., dynamically adapting product innovations with process, marketing and organisation innovations.

Organizational search and business model innovation: the moderating role of knowledge inertia

2020 ◽  
Vol 24 (7) ◽  
pp. 1705-1718
Author(s):  
Bo Yu ◽  
Shengbin Hao ◽  
Yu Wang
Keyword(s):  
Knowledge Management ◽  
Local Search ◽  
Business Model ◽  
Boundary Spanning ◽  
Business Model Innovation ◽  
Content Type ◽  
Organizational Search ◽  
The Impact ◽  
Moderating Role

Purpose This study aims to explore the impact of organizational search (local and boundary-spanning search) on business model innovation (efficiency-centered/novelty-centered business model innovation) and the moderating role of knowledge inertia between them. Design/methodology/approach The relationships are examined through data provided by a sample of Chinese firms and by multiple hierarchical regressions. Findings Local search has a stronger effect on efficiency-centered business model innovation, whereas boundary-spanning search plays a stronger role in novelty-centered business model innovation. Knowledge inertia strengthens the effect of local search on efficiency-centered business model innovation but weakens the effect of boundary-spanning search on efficiency-centered business model innovation and the effect of local search on novelty-centered business model innovation. Practical implications The findings enable firms’ managers to understand the subtle ways in which organizational search interacts with knowledge inertia to affect business model innovation and may help them to make knowledge management efforts to harvest the full value of organizational search. Originality/value Previous studies have not examined the effect of different organizational search on different business model innovation from knowledge management perspective. With knowledge inertia as the moderator, the results reveal the contingent impact mechanism of organizational search on business model innovation, the findings provide fresh evidence that can bridge the gap between knowledge management and business model innovation.

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