Synergizing Innovation Dynamics: A Comprehensive Examination of Tradition and Creativities in Family-Owned Firms
Synergizing Innovation Dynamics: A Comprehensive Examination of Tradition and Creativities in Family-Owned Firms

Author(s): Azzeddine Allioui
Subject(s): Business Economy / Management, Human Resources in Economy
Published by: Scientia Moralitas Research Institute
Keywords: innovation dynamics; tradition; family-owned firms; intergenerational family enterprises;
Summary/Abstract: This research investigates the complex dynamics of innovation postures inside family businesses, revealing a typology that combines a predilection for risk with a strong adherence to tradition. The diverse routes illuminated by the Seasoner, Re-enactor, Digger, and Adventurer attitudes inside family enterprises have a distinctive impact on the innovation atmosphere. Through an examination of the relationship between these positions and the aspects of the family system, namely aim variety and coherence, we can decipher the paradox of innovation willingness in family businesses. Moreover, succession presents a critical occasion for reorientation, providing insight into how intergenerational family enterprises manage the intricate equilibrium between risk-taking and tradition.

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