Performance Determinants in Family Business

Family businesses (FBs) are central to economies: in Portugal the impact of these structures reaches 2/3 of the GDP, 1/2 of the labour force, and 4/5 of the firms in operation, most of them being SMEs. These organisations play a central role in terms of job creation, local development, knowledge transfer, and territorial cohesion. Innovative activities are key factors for competitive economies; yet innovation increases risk exposure and FBs are conservative and risk adverse, resisting change, relying on internal factors rather than opening to the external environment, consequently postponing innovation and thus pledging their future. Their embedded culture reduces innovative propensity; still, the existence loyalty trust and informal networks enhance individual or collective innovation processes. Using a dataset of 110 FBs innovation and internationalization along with other structural characteristics are connected to their economic performance, shedding light on the determinants FB economic efficiency. Given their importance, made-to-measure policy schemes should be designed.

Does Lower Income Affect the Development of One's Innovative Ability in the Education Niche

The need of using creative and innovative education strategies in the low-income consumer setting has never been felt until this wake of the pandemic to assist for sustainable well-being. In this chapter, the role of improved education as a collective innovation measure in promoting awareness of the inclusive cover to the low-income consumers in the emerging countries will be perused in the wake of the 2019-nCoV virus in their struggle to cope with the unexpected management of risks in a more calculated way. The study provides the education challenges in the low-income insurance area posed to both consumers and providers and explains how their involvement is important through innovative programmes in the low-income cover niche such as digitalization amongst others. Since education indeed plays a huge role in enhancing participation in this field of low-income cover to entail sustainability, it will be wise that the policymakers, government officials, and others work closely with their consumers so that this problem can assist for sustainable livelihoods.

Network Tension and Innovation in Teams: Deep Success in Jazz

Prior scholarship neglected the creative potential of open and strong relationships, because—rooted in a long sociological tradition of balance theory—it assumed that strong ties are always closed, and only weak ties bridge diverse structural locations. We develop two measures of network tension: the relative frequency and the strength of strong, open triads. Our results show that in recorded jazz music–a uniquely synergistic domain of collective creativity—tension is more prevalent than expected, and it is a predictor of several success measures, including deep success, while brokerage and closure are not. We also measure the structural availability of tension to each session and show that unexpected tension (where musicians go beyond chance to bring imbalance into their bands) has an additional contribution to deep success. We discuss implications for project teams and organizations where collective innovation is crucial.

The Power of Many

Collective efforts of masses provide access to funding and ideas. While such endeavors in a business-to-customer context are well-described, they are less well understood in other contexts such as business-to-business. A literature review that exacts knowledge and inspiration from B2C crowdsourcing and other forms of collective innovation is used. This review generates new knowledge to close this gap and develops a 6-stage innovation framework for Collective Engagement, Intelligence & Innovation (CEI^2) that begins with task specification and concludes with management of inputs generated from the CEI^2 efforts. The framework and the accompanying list of questions may be used by theorists to explore different contexts, and for managers to structure B2B or P2P crowdsourcing more effectively. Contributions of this study include exploration of the theoretical areas of open-source innovation that extend beyond a B2C model, and new ways of effectively structuring CEI^2. Further research may explore the CEI^2 framework through a case study or test it through quantitative study.

THE SPACE BETWEEN US

This article explores how to integrate the collective creation of contemporary art exhibitions, and how to transform exhibition works into contemporary language and novel visual art materials, thereby generating cultural exchange between Australia and Spain. The Space Between Us (2017- ), co-curated by Australian artist-curator Wilson Yeung and Spanish artist Estefanía Salas Llopis, resolve these questions by examining the contemporary art exhibition. This paper also asks how to transform art exhibitions into laboratories, how artists and curators work together in a collective innovation environment, how collective creation generates new knowledge, and how to develop collective creation among creative participants from different cultures and backgrounds.

Sustainable Collective Innovation in the Agri-Food Value Chain: The Case of the “Aureo” Wheat Supply Chain

This paper contributes to the theoretical debate in agri-food economics on sustainable innovations. Specifically, it aims to define an interpretative model of sustainable innovation processes conceived at the supply chain level, and the determinants promoting these processes. The paper also proposes a best practice of sustainable collective innovation, namely the “Aureo” wheat supply chain. Sustainable collective innovation requires the commitment and involvement of all actors of the agri-food supply chain, while its effectiveness depends on the governance models adopted. The study findings validate the proposed theoretical framework, highlighting several economic, social, and environmental benefits that the process can provide. The results contribute to the debate on the topic, providing useful insights for practitioners and policy-makers.

Economic sustainability of Russia under the Conditions of Technological Transformations

Climate change and the development of digital technologies have prompted a rethinking of the dominated model of economic growth. In 2011 American publicist and economist Jeremy Rifkin has published the book “The third industrial revolution”, in which the author describes a new scientific picture of the world, which implies a transition from an “ownership economy” to a “sharing economy”. In 2016 the president of the World Economic Forum in Davos Klaus Schwab put forward the idea of a “fourth industrial revolution”, which, in his opinion, opens up new opportunities for collective innovation and the creation of shared value systems by connecting the physical, digital and biological worlds. The purpose of the article is to generalize the features of modern world technological transformations and determine the degree of Russia’s involvement in the development of the main directions of science and technology of the 21st century. The methods of analysis used include synthesis, abstraction, generalization and an integrated approach to cognition. The author considered the trajectories of modern technological transformations and discussed the role of the USSR in the design of techno-centric foundations of the sustainable development model. Also, the author analyzed the main provisions of state programs of Russia in the medium-term development of information, bio- and nanotechnologies.