Abstract
This study attempts to explore the role of tradition in the development of innovations in the pasta sector of family firms handed down for generations. We describe and discuss the different impacts of tangible and intangible sources of tradition on the development of family SMEs. There is a gap in the literature about family firm’s innovation issue. The results are inconsistent. We use a case study to investigate which variables affect innovation approach and how traditions can contribute to the development of new products or unique services.
Highlights
Firms represent an important organization for all the economies in the world (La Porta, Lopez-de-Silanes, Shleifer & Vishny, 1999; Botero, Cruz, Massis, & Nordqvist, 2015)
Some researches explain that family business are conservative and less innovative than other firms but some statistics show that family businesses control more than 50% of European's most innovative firms
The aim of our research is to show with a qualitative analysis, that a family company through the traditions handed down to the future generations creates a greater competitive value because it generates unique products or services linked to the family tradition
Summary
Firms represent an important organization for all the economies in the world (La Porta, Lopez-de-Silanes, Shleifer & Vishny, 1999; Botero, Cruz, Massis, & Nordqvist, 2015). The interaction between the family, the firm and each member of the family creates a unique entity different from another, with own values, rules, and human resources (Zahra, Hayton, & Salvato, 2004; Habbershon, Williams, & MacMillan, 2003). This interaction generates advantages and disadvantages in several financial, economic and social issue. Several researches on family business have produced different results. Others authors try to explain if there is a distinctive difference on innovation process among family firms and nonfamily firms (De Massis, Frattini, Pizzurno, & Cassia 2013)
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