Toward effective innovation performance: A comparison of family and non-family firms

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Family firms can better compete with non-family counterparts through a focus on enhancing their innovation capabilities. Exploiting digital technology to consider both product and business process innovations enables swift launch of new product and service offerings and increased process efficiency that ultimately leads to increased satisfaction among customers.

Originality

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2023), "Toward effective innovation performance: A comparison of family and non-family firms", Strategic Direction, Vol. 39 No. 1, pp. 1-3. https://doi.org/10.1108/SD-11-2022-0145