Document Server@UHasselt >
Research publications >
Please use this identifier to cite or link to this item:
|Title: ||Embeddedness as an opportunity for organizational innovation in family firms|
|Authors: ||HENDRIKX, Karolien|
|Issue Date: ||2013|
|Citation: ||IFERA (Ed.). Ownership, Governance, and Value in Family Firms|
|Series/Report: ||Conference Proceedings|
|Abstract: ||When and how can a family firm successfully change the way work is organized? We will address this question from a relational embeddedness perspective. Our starting point is the idea that when the firm is highly embedded in the family, this will influence several organizational outcomes, like organizational innovation. Drawing on an inductive theory building approach based on interview data of 18 CEOs of family firms, we will argue that family firms draw on their embeddedness to achieve four concrete micro-processes that forward the innovation process. Making use of their long shared experience, deep knowledge of the firm and close relationships, family firms are particularly capable of (1) trial-and-error learning, (2) framing the change initiative, (3) providing necessary structure, and (4) fast decision-making. This answers our how-question. As an answer to our when-question, we will argue that, while embeddedness forms the basis for accomplishing these micro-processes, this will only be the case when, at the same time, the firm keeps open to the outside environment.|
|Type: ||Proceedings Paper|
|Appears in Collections: ||Research publications|
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.