Includes discussions of 1st generation entreprenurial behaviors as well as discussion on creating entrepenurial companies and entrepreneurs across generations.
Family firms, like all modern businesses, must depend on growing levels of innovation in order to survive in an increasingly competitive global marketplace. This week, Diogo Cotta and Niklas Rossbach from Maastricht University discuss some alarming trends concerning innovation in family businesses and introduce a research project they’re conducting to learn more about how family businesses approach innovation opportunities.
Usually the most prized thing that we as established practitioners lose is our creativity. Once a niche is carved and sustained over decades of hard work, inevitably, at some point in time, complacency sets in.
Thanks to Sally Derstine, senior family business advisor with the Delaware Valley Family Business Center, for the following blog on “Transforming to a Family of Adults: A foundation for healthy generational transitions”.
When Allan R. Cohen and David L. Bradford first published Influence without Authority in 1990, most companies were hierarchical and running on principles derived from the military or early bureaucracies.
Research Applied précis prepared by Kim Schneider Malek, Family Enterprise Alliance, LLC Innovation is more than just a hot topic for start-up companies.
Family firms are usually considered more conservative, averse to taking risks and hardly innovative, as compared to non-family firms.
Growth vs. Profitability High growth strategies are a myth and a recipe for reduced profitability.
Continuing our series on Myths and Realities, HEC Montréal professor Danny Miller weighs in on “Family Firms and Entrepreneurship: A different point of view”.