Innovation motives in family firms: A transgenerational view

Maria Vanessa Diaz Moriana; Eric Clinton; Nadine Kammerlander; G T Lumpkin; Justin B Craig

doi:10.1177/1042258718803051

Innovation motives in family firms: A transgenerational view

Maria Vanessa Diaz Moriana, Eric Clinton, Nadine Kammerlander, G T Lumpkin, Justin B Craig

Bond Business School

Research output: Contribution to journal › Article › Research › peer-review

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Abstract

Drawing on the transgenerational entrepreneurship perspective, we employ a multiple case study approach to investigate why multigenerational family firms innovate. The data collection process drew upon five in-depth cases comprising 42 semistructured interviews, 25 participant observations, and several thousand pages of historical data dating from 1916 to 2017. We find patterns on how the firms’ long-term view—embracing both the past and the future—influences the innovation motives of these firms. Specifically, we identify three innovation patterns: conserving, persisting and legacy-building. We introduce a set of propositions and a framework linking long-term orientation dimensions to innovation motives and innovation outcomes. Our research thus contributes to a more fine-grained understanding of innovation behavior in family firms.

Original language	English
Pages (from-to)	256-287
Number of pages	32
Journal	Entrepreneurship Theory and Practice
Volume	44
Issue number	2
Early online date	27 Sept 2018
DOIs	https://doi.org/10.1177/1042258718803051
Publication status	Published - 1 Mar 2020

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AB - Drawing on the transgenerational entrepreneurship perspective, we employ a multiple case study approach to investigate why multigenerational family firms innovate. The data collection process drew upon five in-depth cases comprising 42 semistructured interviews, 25 participant observations, and several thousand pages of historical data dating from 1916 to 2017. We find patterns on how the firms’ long-term view—embracing both the past and the future—influences the innovation motives of these firms. Specifically, we identify three innovation patterns: conserving, persisting and legacy-building. We introduce a set of propositions and a framework linking long-term orientation dimensions to innovation motives and innovation outcomes. Our research thus contributes to a more fine-grained understanding of innovation behavior in family firms.

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Innovation motives in family firms: A transgenerational view

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