Family-Driven Innovation: Resolving the Paradox in Family Firms

2015/11/01 by Alfredo De Massis, Alberto Di Minin, Federico Frattini · 1 citation
Business, Management and Accounting · #Family Business Performance and Succession

paper · doi:10.1525/cmr.2015.58.1.5

openalex publication_date 2015/11/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/27

Abstract

This article presents an integrated, contingency perspective on family firm innovation called Family-Driven Innovation (FDI). The framework highlights the need for consistency between a family firm's strategic innovation decisions and its idiosyncrasies to achieve and sustain competitive advantage through innovation. This article also offers some directions for future research on FDI and serves as an introduction to this special section on family firms.

Citations

• A dynamic model of process and product innovation
• The Determinants of Technology Adoption: The Case of the Banking Firm
• The Interplay Between Exploration and Exploitation
• Business Model Innovation: Opportunities and Barriers
• Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills
• Firm Resources and Sustained Competitive Advantage

Cited by

• Federico Frattini [wikipedia]

Related

• Between Financial and Socioemotional Wealth: Navigating Knotted Tensions in Family Business Innovation
• Managing the Tradition and Innovation Paradox in Family Firms: A Family Imprinting Perspective
• Why Do Some Family Businesses Out–Compete? Governance, Long–Term Orientations, and Sustainable Capability
• Unpacking willingness in family firms facing the digital transformation
• Family Values or Crony Capitalism?