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Diversity, emotion, and decision to implement innovation in family business

Author

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  • Chi-Fang LIU

    (Department of Business Administration, Cheng Shiu University, No.840, Chengcing Rd., Niaosong Dist., Kaohsiung City 833, Taiwan (R.O.C.).)

Abstract

Family firms are generally small and medium-sized, characterized by ‘flat’ organizational structures and internal succession patterns and relying upon self-financing. One way to overcome inherent liability of family business is to innovate in critical management aspects and jump out to a new operational model. The capability of a firm to continuously innovate is critical for competitive advantage. It can also contribute to the development for the so-called dynamic capability. A firm’s dynamic capability describes to continuously innovate.

Suggested Citation

  • Chi-Fang LIU, 2017. "Diversity, emotion, and decision to implement innovation in family business," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(4), pages 352-356, December.
    • Handle: RePEc:ksp:journ4:v:4:y:2017:i:4:p:352-356
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Household behavior; Family economics; Family business.;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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