Abstract
In this current research it has been examined, firstly, the Entrepreneurial orientation in relation with Product innovation, Incremental innovation and Radical innovation, and, secondly, the moderating effect of Family involvement in the management of companies in the relationship between Entrepreneurial orientation and Product innovation, Incremental innovation and Radical innovation. Using a sample of 634 Spanish family firms, the results found conclude that the Entrepreneurial orientation has a positive effect on Product innovation, Incremental innovation and Radical innovation, and moreover, they reveal that the Family involvement in the management of companies has a moderating effect on these relations, witnessing that family firms with higher scale of Family involvement in the management of the companies reduces the effect of Entrepreneurial orientation on Product innovation, Incremental innovation and finally, Radical innovation.
Highlights
The Entrepreneurial Orientation, it is understood as a strategic process whereby companies can identify new opportunities and carry out entrepreneurial actions to later take advantage of them (Dess and Lumpkin, 2005), is an important figure in the field of entrepreneurship, due to its Influence on the results, value, and growth of a company, it has been the subject of many studies in recent years
The entrepreneurial orientation can be considered as practice, philosophy or strategic process that leads companies to innovation (Miller and Friesen, 1982; Wiklund and Shepherd, 2005)
Innovation is a relevant factor of economic progress (Nelson, 1991) and it is an important aspect for the sustained performance (Blundell et al, 1993), survival (Dyer and Song, 1998), profitability (Ali et al, 1993), growth and expansion (Danneels and Kleinschmidt, 2001) of the company. This is true that family firm context presents big interest in the field of entrepreneurial orientation (Zahra et al, 2004; Steier, 2007; Steier, 2009) and innovation (Craig and Moores, 2006; Pittino and Visintin, 2009)
Summary
The Entrepreneurial Orientation, it is understood as a strategic process whereby companies can identify new opportunities and carry out entrepreneurial actions to later take advantage of them (Dess and Lumpkin, 2005), is an important figure in the field of entrepreneurship, due to its Influence on the results, value, and growth of a company, it has been the subject of many studies in recent years Most of these researches are based on a series of conceptual bases that, constructed on the definition of Miller's Entrepreneurial orientation (1983), were established by Lumpkin and Dess (1996), which are as follows: - Entrepreneurial orientation includes five dimensions, which are innovation, assumption of risk, proactivity, competitive aggressiveness and autonomy.
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