Nadine Kammerlander and Mar van Essen, Harvard Business Review, January 25, 2017
Family firms aren’t typically thought of as particularly innovative. More often, they’re viewed as risk averse, traditional, and stagnant. However, many family-owned businesses are among the most innovative in their industries. Consider Herr’s Potato Chips and Enterprise Rent-A-Car. We wanted to determine how family firms actually compare to their nonfamily counterparts when it comes to being innovative. Our research suggests the answer is not simple. […read more]