Alfredo De Massis is Deputy Director of the Center for Young & Family Enterprise of the University of Bergamo, Italy and the incoming Director of the Family Business Centre at Lancaster University Management School, IEED, UK.
Product Innovation in Family versus Nonfamily Firms: An Exploratory Analysis
Version of Record online: 16 SEP 2013
© 2013 International Council for Small Business
Journal of Small Business Management
Volume 53, Issue 1, pages 1–36, January 2015
How to Cite
De Massis, A., Frattini, F., Pizzurno, E. and Cassia, L. (2015), Product Innovation in Family versus Nonfamily Firms: An Exploratory Analysis. Journal of Small Business Management, 53: 1–36. doi: 10.1111/jsbm.12068
- Issue online: 9 DEC 2014
- Version of Record online: 16 SEP 2013
How family firms manage product innovation remains an overlooked topic in existing business research. This happens despite the fact that family businesses play a crucial role across all economies, and they often use technological innovation to nurture their competitive advantage. By drawing upon the resource-based view of the firm as well as agency, stewardship, and behavioral theories and using empirical evidence gathered through a multiple case study, the paper studies how and why the anatomy of the product innovation process differs between family and nonfamily firms. The analysis shows that family businesses differ from nonfamily ones as regards product innovation strategies and organization of the innovation process.