Family-owned manufacturing SMEs and innovativeness: A comparison between within-family successions and external takeovers
(2012) In The Journal of Family Business Strategy 3(3). p.162-173- Abstract
- The purpose of this article is to compare within-family successions and external-party takeovers in family-owned manufacturing SMEs to determine potential differences in how they are perceived and managed. This paper focuses on two long-term aspects of family businesses – their succession and their ability to innovate – defining innovativeness as an aspect of organisational culture. Based on ten case studies, the paper concludes that the values related to a firm's context, influenced by the divesting party as well as by the choice of successor, create inertia, to the extent that only minor changes in innovation orientation are possible. External owners may focus to a greater extent on growth and new ways of innovating, while... (More)
- The purpose of this article is to compare within-family successions and external-party takeovers in family-owned manufacturing SMEs to determine potential differences in how they are perceived and managed. This paper focuses on two long-term aspects of family businesses – their succession and their ability to innovate – defining innovativeness as an aspect of organisational culture. Based on ten case studies, the paper concludes that the values related to a firm's context, influenced by the divesting party as well as by the choice of successor, create inertia, to the extent that only minor changes in innovation orientation are possible. External owners may focus to a greater extent on growth and new ways of innovating, while family-succeeded firms diversify so as not to abandon previous businesses. Intermediating factors, such as customer involvement, type of SME, and the acquirers’ motives, influence the innovative organisational culture and create explanatory links to innovation intensity and methodologies of innovation. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4934934
- author
- Grundström, Christina ; Öberg, Christina LU and Öhrwall-Rönnbäck, Anna
- organization
- publishing date
- 2012
- type
- Contribution to journal
- publication status
- published
- subject
- in
- The Journal of Family Business Strategy
- volume
- 3
- issue
- 3
- pages
- 162 - 173
- publisher
- Elsevier
- external identifiers
-
- scopus:84866000639
- ISSN
- 1877-8585
- DOI
- 10.1016/j.jfbs.2012.07.001
- language
- English
- LU publication?
- yes
- id
- f5e179c6-2e75-49eb-883b-28be749dd852 (old id 4934934)
- date added to LUP
- 2016-04-01 10:52:32
- date last changed
- 2022-01-26 03:17:56
@article{f5e179c6-2e75-49eb-883b-28be749dd852,
abstract = {{The purpose of this article is to compare within-family successions and external-party takeovers in family-owned manufacturing SMEs to determine potential differences in how they are perceived and managed. This paper focuses on two long-term aspects of family businesses – their succession and their ability to innovate – defining innovativeness as an aspect of organisational culture. Based on ten case studies, the paper concludes that the values related to a firm's context, influenced by the divesting party as well as by the choice of successor, create inertia, to the extent that only minor changes in innovation orientation are possible. External owners may focus to a greater extent on growth and new ways of innovating, while family-succeeded firms diversify so as not to abandon previous businesses. Intermediating factors, such as customer involvement, type of SME, and the acquirers’ motives, influence the innovative organisational culture and create explanatory links to innovation intensity and methodologies of innovation.}},
author = {{Grundström, Christina and Öberg, Christina and Öhrwall-Rönnbäck, Anna}},
issn = {{1877-8585}},
language = {{eng}},
number = {{3}},
pages = {{162--173}},
publisher = {{Elsevier}},
series = {{The Journal of Family Business Strategy}},
title = {{Family-owned manufacturing SMEs and innovativeness: A comparison between within-family successions and external takeovers}},
url = {{http://dx.doi.org/10.1016/j.jfbs.2012.07.001}},
doi = {{10.1016/j.jfbs.2012.07.001}},
volume = {{3}},
year = {{2012}},
}