Exploring New Opportunities Over Life Cycle Stages of Family Firms
Exploring New Opportunities Over Life Cycle Stages of Family Firms Family firms have had varying levels of success when it comes to exploring new opportunities or exploiting opportunities that are already discovered. Researchers have been intrigued to know as to what enables some family firms to have an extraordinary deftness in innovating in a sustainable manner across generations despite changes in their operating environment. At the same time there are many examples where family firms have lost the initial success achieved through innovation after the demise of the founder or due to environmental fluctuations.
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