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

Household behavior
Family economics
Family business.

How to Cite

LIU, C.-F. (2017). Diversity, emotion, and decision to implement innovation in family business. Journal of Social and Administrative Sciences, 4(4), 352–356. https://doi.org/10.1453/jsas.v4i4.1522

Abstract

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.

Keywords. Household behavior, Family economics, Family business.

JEL. D10, D13, D14.

https://doi.org/10.1453/jsas.v4i4.1522
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