COMING IN FEBRUARY 2016 - A new special issue on crowdfunding. Learn more.

Family-Driven Innovation: Resolving the Paradox in Family Firms

by Alfredo De Massis, Alberto Di Minin, and Federico Frattini

Family firms are the most ubiquitous form of business in the world. But because people have certain assumptions about how families work, they often have assumptions about how family businesses work. One central assumption revolves around the concept of innovation. Many people often believe that family firms will be more conservative and less innovative than their competitors. 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.    Read more >>


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California Management Review: 58 (1)

Vol. 58 No. 1, Fall 2015
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ISSN: 0008-1256
eISSN: 2162-8564
Impact Factor: 1.667
Frequency: Quarterly
Published: November, February, May, August


About the Journal

California Management Review serves as a vehicle of communication between those who study management and those who practice it. Emphasizing three areas of critical importance to both practicing managers and academic researchers—strategy and organization, global competition and competitiveness, and business and public policy—CMR publishes articles that are both research-based and address issues of current concern to managers, from contemporary developments in the global economy, strategic planning, strategies for innovation, and technology management, to corporate culture, managing human resources, and business ethics.