Open innovation in family firms: a matter of socio-emotional wealth

2015 ◽  
pp. 309-323 ◽  
Author(s):  
Juan Pablo Madiedo M.
Keyword(s):  
Open Innovation ◽  
Family Firms

Search breadth, open innovation and family firms: evidences in Italian mid-high tech SMEs

2014 ◽  
Vol 10 (1) ◽  
pp. 29 ◽  
Author(s):  
Fernando G. Alberti ◽  
Stefania Ferrario ◽  
Fabio Papa ◽  
Emanuele Pizzurno
Keyword(s):  
Open Innovation ◽  
Family Firms ◽  
High Tech

Impact of wise leadership, workplace friendships on open innovation in family firms: a developing country perspective

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amir A. Abdulmuhsin ◽  
Ali Tarhini
Keyword(s):  
Developing Country ◽  
Open Innovation ◽  
Structural Equation ◽  
Online Survey ◽  
Family Firms ◽  
Hybrid Approach ◽  
Top Management Teams ◽  
Content Type ◽  
Workplace Friendships

PurposeThis study draws upon the hybrid approach of the resource-based view and social capital theory, and aims to develop and empirically validate a model that examines the relationship amongst wise leadership, workplace friendships and open innovation (OI) in family firms (FFs).Design/methodology/approachAn online survey was conducted to collect data from a sample of 381 firms from a developing country. Additionally, this study used AMOS software and structural equation model to empirically test the proposed hypotheses of the theoretical model.FindingsFindings show that wise leadership has a significant, positive indirect effect on stimulating OI in FFs via its influence on building workplace friendships and overcoming knowledge–strategic and collaboration–organisational challenges.Practical implicationsTo improve OI, top management teams of family businesses should encourage wise, intelligent, well-informed and strong leaders who drive change. Moreover, they should establish small group, “smart-world” networks for specialised innovation to facilitate friendship based on trust and competence, and develop the coordinating role of family leaders in these networks.Originality/valueThis study complements and advances previous research on OI in many ways. Firstly, the current study proposes a conceptual model that demonstrates the interrelationships amongst the main variables in Iraqi FFs. Secondly, this research explores the crucial mediating role of workplace friendship, which capitalises on the principles of friendship in the context of the acquisition, accumulation and exchange of knowledge, thereby overcoming the challenges associated with innovation.

scholarly journals How family firms execute open innovation strategies: the Loccioni case

2017 ◽  
Vol 21 (6) ◽  
pp. 1459-1485 ◽  
Author(s):  
Elena Casprini ◽  
Alfredo De Massis ◽  
Alberto Di Minin ◽  
Federico Frattini ◽  
Andrea Piccaluga
Keyword(s):  
Open Innovation ◽  
Family Firms ◽  
Family Firm ◽  
Innovation Strategy ◽  
High Tech ◽  
Transfer Of Knowledge ◽  
Content Type ◽  
Innovation Strategies ◽  
Innovation Processes

Purpose This paper aims to shed light on how family firms execute open innovation strategies by managing internal and external knowledge flows. Design/methodology/approach First, through a comprehensive literature review, the paper identifies the barriers to the acquisition and transfer of knowledge in open innovation processes. Second, it presents and discusses the results of an exploratory case study on Loccioni, an Italian family firm providing high-tech measurement solutions, highlighting how this family firm managed to overcome the barriers in executing an open innovation strategy. Findings The case study shows that Loccioni faced specific challenges in acquiring and transferring knowledge in its open innovation processes and developed two idiosyncratic capabilities – labelled imprinting and fraternization – that helped the firm overcome the barriers to knowledge acquisition and transfer. The analysis shows that these two capabilities are enabled by the distinctive goals and social capital characterizing family firms. Originality/value The paper creates a link between open innovation and family business research with an empirically grounded model illustrating how the idiosyncratic capabilities of a family firm help overcome the critical barriers to the acquisition and transfer of knowledge in executing an open innovation strategy.

scholarly journals Knowledge Networks and the Role of Family Firms: The Case of an Italian Regional Cluster

2021 ◽  
Vol 7 (3) ◽  
pp. 193
Author(s):  
Stefano Ghinoi ◽  
Riccardo De Vita ◽  
Bodo Steiner ◽  
Alessandro Sinatra
Keyword(s):  
Social Network ◽  
Social Network Analysis ◽  
Network Analysis ◽  
Open Innovation ◽  
Family Firms ◽  
Organizational Knowledge ◽  
Knowledge Networks ◽  
Regional Cluster

Studies on open innovation (OI) have highlighted the importance of inter-organizational knowledge networks. However, little is known about OI networks established by family firms, and their roles in such knowledge networks. By focusing on one of the most important Italian footwear clusters, this paper applies Social Network Analysis to investigate the role of family firms in exchanging knowledge according to their intra-cluster position and extra-cluster openness. Our results provide novel evidence on the role of family firms in OI networks, as they suggest that family firms mainly operate as gatekeepers in the technological and managerial networks, while they act as external stars in the market and managerial networks.

Open innovation in family firms: empirical evidence about internal and external knowledge flows

2019 ◽  
Vol 26 (5) ◽  
pp. 979-997
Author(s):  
Pasquale Del Vecchio ◽  
Giustina Secundo ◽  
Michele Rubino ◽  
Antonello Garzoni ◽  
Demetris Vrontis
Keyword(s):  
Empirical Evidence ◽  
Open Innovation ◽  
Online Survey ◽  
Family Firms ◽  
Innovation Management ◽  
Innovation Process ◽  
Knowledge Flows ◽  
Content Type ◽  
External Knowledge ◽  
Young Entrepreneurs

Purpose The purpose of this paper is to shed light on how family firms execute open innovation strategies by managing internal and external knowledge flows (KF) to provide a deeper understanding of family firms’ ability to innovate through traditions and create value across generations. Design/methodology/approach Empirical evidence was collected using an online survey of a sample of 208 Apulian entrepreneurs, who were members of the association of young entrepreneurs of Confindustria in the Apulia region (southern Italy). Findings The study derives a model that explains the most relevant factors behind the innovation processes developed by young entrepreneurs in family firms: network membership benefits; KF; track record of innovation; and the entrepreneurial attitude of employees. Research limitations/implications By integrating insights from different research streams, namely, innovation management, open innovation and family firms, the study provides a novel contribution to the open innovation process in family firms. Practical implications The study offers interpretative lenses for entrepreneurs and managers to understand the most suitable knowledge transfer process for encouraging open innovation in family firms, taking into consideration young entrepreneurs’ traditions and interpersonal skills, the KF in local ecosystems and network benefits as the main variables supporting the innovation process. Originality/value This study creates a link between open innovation and family firm research by providing an empirically grounded model illustrating how the innovation process is realized in family firms.

Open innovation in family firms: a systematic literature review

2019 ◽  
Vol 17 (3) ◽  
pp. 304-332
Author(s):  
Rafaela Gjergji ◽  
Valentina Lazzarotti ◽  
Federico Visconti ◽  
Teresa García-Marco
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Open Innovation ◽  
Family Firms ◽  
Governance Structure ◽  
Future Research ◽  
Business Managers ◽  
Content Type ◽  
Opening Up ◽  
Support Family

Purpose The purpose of this study is threefold: first, to provide a comprehensive and systemized literature review on open innovation (OI) in family firms; second, to identify the antecedent of family firms’ heterogeneity (i.e. governance structure, goals and resources) and to outline how they affect OI behavior; and third, to propose potential avenues for further research. Design/methodology/approach The study consists of a systematic literature review and analyses the findings of 36 papers on OI and family firms. Findings Based on the results of the reviewed papers, authors show how family firms’ specific characteristics/factors strictly related to their governance structure, goals and resources affect OI behavior. Furthermore, the authors highlight also that adoption of different mechanisms/strategies can be useful to family firms to overcome OI barriers. Finally, discussion and avenues for further research are presented. Practical implications This review can be useful to family business managers, directors and/or external consultants to better understand family-specific characteristics to support family businesses in opening up their boundaries to external partners. Originality/value To the best knowledge, this is the first systematic review on OI and family firms that attempt to identify all family-specific characteristics/factors, known as the antecedent of heterogeneity that affects family firm OI behavior. The authors believe that it could represent an important guide for future research on this topic.

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