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The Role of Dynamic Entrepreneurial Capabilities and Innovation in Intergenerational Succession of Family Firms

In: Innovation and Capacity Building

Author

Listed:
  • Glykeria Karagouni

    (University of Applied Sciences of Thessaly)

Abstract

The chapter presents and discusses the role of dynamic entrepreneurial capabilities in family business succession, addressing the need to support and enhance innovation and competitiveness across family generations. A firm’s innovation capability depends closely on knowledge, thereby making it a key resource for obtaining sustained competitive advantage. Succession and innovation are among the hottest topics in the family business literature since the survival rate for these firms is disappointing, especially beyond the second and third generations. The topic is addressed through three case studies: two from Greece and one from Cyprus. Dynamic entrepreneurial capabilities contribute to widening successor(s) knowledge base and enhancing the successful realisation of succession through building on innovation. Dynamic entrepreneurial capabilities can help family firms defy the ominous mortality rates and not simply survive but thrive, as they build succession on innovative initiatives.

Suggested Citation

  • Glykeria Karagouni, 2018. "The Role of Dynamic Entrepreneurial Capabilities and Innovation in Intergenerational Succession of Family Firms," Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business, in: Demetris Vrontis & Yaakov Weber & Alkis Thrassou & S. M. Riad Shams & Evangelos Tsoukatos (ed.), Innovation and Capacity Building, chapter 3, pages 31-54, Palgrave Macmillan.
    • Handle: RePEc:pal:pscchp:978-3-319-90945-5_3
    DOI: 10.1007/978-3-319-90945-5_3
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