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Cover image for book Innovations in Small and Medium-Sized Family Firms

Innovations in Small and Medium-Sized Family Firms

An Analysis of Innovation Related Top Management Team Behaviors and Family Firm-Specific Characteristics
By:Nils Kraiczy
Publisher:Springer Nature
Print ISBN:9783658000622
eText ISBN:9783658000639
Edition:0
Copyright:2013
Format:Page Fidelity

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​Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in niche markets has been identified as the antecedent of their strong, or even dominant, competitive positions in their industries. The driver of this innovation success may well be the family, which distinguishes family firms from non-family firms. But how can a family influence innovation in a family firm and does this influence have only positive effects? This dissertation focuses on the impact of top management teams on innovations interacting with family firm-specific characteristics.

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