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Unleashing the Potential of Open Innovation in Family Firms: Towards the Explanation of the Ability and Willingness Dichotomy in Family Firms
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Research on Open Innovation (OI) is flourishing and opening the innovation process is increasingly perceived as a vital source for sustained competitive advantage. Nascent research on OI in family firms left us to wonder whether the performance-enhancing effects of OI also hold true for family firms. What we do know so far is despite that family firms typically possess greater ability to innovate, they lack the willingness to do so. Taking this as a starting point, the purpose of this study was to identify sources of family firm heterogeneity, in order to explain how these differences influence their willingness to engage in OI and further assess the overall relevance of OI models for family firms. In an attempt to resolve the innovation paradox, the present study builds upon a multi-theory approach of behavioral lenses, to capture the inherent complexities of family firm innovation. Empirical evidence from a cross-industry analysis of 176 German Mittelstand firms provides strong support for the importance of OI practices in a family firm context. Precisely, we affirm that family firms generate increased performance outcomes when engaging in OI. Our findings unearth a double-edged sword that higher generations foster a family firm’s willingness to engage in OI, but hamper their ability to benefit from it. Our findings are especially relevant in light of current market dynamics and build the bridge between OI and family firm research in an insightful manner. We thereby contribute to solving one piece of the innovation puzzle and identify promising areas for future research.  

Place, publisher, year, edition, pages
2019. , p. 128
Keywords [en]
Open Innovation, Family Firms, German Mittelstand, Ability and Willingness Paradox, Innovation Performance, Heterogeneity
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-43814ISRN: JU-IHH-FÖA-2-20190975OAI: oai:DiVA.org:hj-43814DiVA, id: diva2:1318643
Subject / course
JIBS, Business Administration
Supervisors
Examiners
Available from: 2019-07-03 Created: 2019-05-28 Last updated: 2019-07-03Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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Language
  • de-DE
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  • nn-NB
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  • Other locale
More languages
Output format
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