The Role of the Top Management Team in Understanding the Innovation Capacity and Sustainability of Family Firms

• 作者: Steven W.Day
• 来源期刊: 美中公共管理:英文版
• 学科: 经济
• 关键词: top management teams(TMTs) innovation capacity FIRM performance familiness TMT HETEROGENEITY
• 年，卷（期）: 2020,（3）
• 页码范围: 108-119
• 页数: 12页
• 分类号: F41

摘要

Theoretically framed by upper echelons theory,this paper aims to synthesize the current knowledge on top managers in family firms and to suggest valuable future research avenues.The purpose is to investigate the relationship between family firms and innovation capacity.This study will examine how innovation capacity is affected by family involvement and other characteristics of the top management teams(TMTs)of family firms.This article examines the management characteristics in a family firm and their affect on the innovation and sustainability of the firm.Familiness is examined to provide further insights and measures of TMTs in explaining the firm’s capacity to innovate.Things like family involvement,size,and age of the firm along with other TMT demographics are investigated.To understand innovation in family-owned businesses,the focus will be on the capacity including innovative activities,such as research and development,number of patents,and new product development.Specifically,this research will investigate the significance of innovation management and how it is influenced by the TMT characteristics of family firms.This work contributes to the field by developing a better understanding of innovation and sustainable competitive advantage within family firms.This paper will advance the research on strategic innovation in a family firm,as well as shed light on the failure of innovation management literature to recognize the importance and deliberately integrate family firms into the literature.