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Advancing Research on Creativity in Family Firms

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  • Julia Vincent Ponroy
  • Dianne
  • H.B. Welsh

Abstract

This chapter explores creativity in family businesses and asks the important question : Do family businesses represent organizational contexts likely to encourage creativity? We begin by defining creativity and outline the antecedents to creativity. Next, we discuss the connection between creativity and innovation and the characteristics in family firms that foster or hinder creativity from both organizational and individual perspectives. Concerning measurement, we offer Psychological Capital (PsyCap) as a potential new avenue with merit to analyze creativity in family firms. We discuss what research has been conducted so far on PsyCap, creativity and family firms and describe further directions. We conclude that creativity is an area ripe for research that may unlock some of the unanswered questions that have plagued the field and might offer practical solutions for family firm competitiveness and longevity.

Suggested Citation

  • Julia Vincent Ponroy & Dianne & H.B. Welsh, 2020. "Advancing Research on Creativity in Family Firms," Working Papers 2020-001, Department of Research, Ipag Business School.
    • Handle: RePEc:ipg:wpaper:2020-001
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    References listed on IDEAS

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    Cited by:

    1. Matthew B. Bolton & Elizabeth Minor, 2021. "Addressing the Ongoing Humanitarian and Environmental Consequences of Nuclear Weapons: An Introductory Review," Global Policy, London School of Economics and Political Science, vol. 12(1), pages 81-99, February.

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    Keywords

    family firms; creativity; Psychological Capital;
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