Resources and Innovation in Family Businesses: The Janus-Face of Socioemotional Preferences
Family business socio-emotional preferences are often Janus-faced. Some strive to create a strong business they can pass on to offspring by building innovation-promoting resources such as human, relational, and financial capital. Other family firms cater to family desires for unqualified nepotism, a...
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| Veröffentlicht in: | California management review 2015-11, Vol.58 (1), p.20-40 |
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| container_title | California management review |
| container_volume | 58 |
| creator | Miller, Danny Wright, Mike Le Breton-Miller, Isabelle Scholes, Louise |
| description | Family business socio-emotional preferences are often Janus-faced. Some strive to create a strong business they can pass on to offspring by building innovation-promoting resources such as human, relational, and financial capital. Other family firms cater to family desires for unqualified nepotism, altruism towards undeserving kin, and appropriation of firm assets to fulfill parochial desires that erode these resources. This article explores how such preferences, together with their impact on resources and the innovation demands of their markets, shape the approach to innovation. |
| doi_str_mv | 10.1525/cmr.2015.58.1.20 |
| format | Article |
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| ispartof | California management review, 2015-11, Vol.58 (1), p.20-40 |
| issn | 0008-1256 2162-8564 |
| language | eng |
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| source | SAGE Complete A-Z List |
| subjects | Business innovation Business structures Capital resources Corporate governance Entrepreneurship Families Family members Family owned businesses Innovation Innovations Management theory Quadrants Social innovation Strategic management Studies Subsidiary companies Technological innovation |
| title | Resources and Innovation in Family Businesses: The Janus-Face of Socioemotional Preferences |
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