Business, Management and Accounting
5 years ago

Family firms outshine others in innovation, unlocking potential with management tools.

Vezetéstudomány / Budapest Management Review
Influencing factors of innovation performance in family firms – Based on an empirical research
Krisztina Németh, Tibor Dőry

Paper Summary

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The article explores why family businesses may innovate less than other companies, despite having the potential to innovate more. The researchers studied small and medium-sized family firms in Hungary to understand how management decision-making tools influence innovation performance. The results show that these tools have a positive impact, with family firms introducing more innovations compared to other types of companies.