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Generational Innovation Evolution in Family Businesses: An Empirical Examination of Innovation Priorities Across Successive Generations |
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| รหัสดีโอไอ | |
| Creator | Albert Wee Kwan Tan |
| Title | Generational Innovation Evolution in Family Businesses: An Empirical Examination of Innovation Priorities Across Successive Generations |
| Contributor | Florian Gerth |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2569 |
| Journal Title | Journal of Family Business and Management Studies |
| Journal Vol. | 18 |
| Journal No. | 2 |
| Page no. | 35-58 |
| Keyword | Family business, governance, transformation, product innovation, process innovation, business model |
| URL Website | www.fbmsjournal.com |
| Website title | fbmsjournal |
| ISSN | 2821-9643(online) |
| Abstract | Innovation in family businesses is shaped by generational transitions that reconfigure strategic priorities, governance structures, and organizational capabilities. While prior research recognizes heterogeneity across family firms, limited empirical work explains how innovation priorities systematically evolve across successive generations. This study examines generational differences in innovation focus across first, second, and third generation family enterprises using quantitative survey data from 50 family business leaders.Drawing on comparative analysis of innovation domains, the findings indicate that first generation founders prioritize product and market innovation, second-generation successors emphasize strategic leadership and business-model renewal, and later generation leaders focus on process excellence and digital transformation. These results extend family business innovation research by demonstrating a patterned, generational reconfiguration of innovation priorities grounded in transgenerational entrepreneurship, socioemotional wealth preservation, and organizational capability renewal.The study introduces an empirically derived Generational Innovation Evolution Model, which explains how innovation preferences shift from entrepreneurial exploration to strategic formalization and, subsequently, to technological reinvention as family firms progress across generations. |
