Resources and Innovation in Family Businesses: The Janus-Face of Family Socioemotional Preferences

Miller, D.; Wright, M.; Le Breton-Miller, I.; Scholes, L.

Abstract

Family business socio-emotional preferences are often Janus-faced. Some strive to create a strong business they can pass on to offspring by building innovation-promoting resources such as human, relational, and financial capital. Other family firms cater to family desires for unqualified nepotism, altruism towards undeserving kin, and appropriation of firm assets to fulfill parochial desires that erode these resources. This article explores how such preferences, together with their impact on resources and the innovation demands of their markets, shape the approach to innovation.

Citation

Miller, D., Wright, M., Le Breton-Miller, I., & Scholes, L. (2015). Resources and Innovation in Family Businesses: The Janus-Face of Family Socioemotional Preferences. California Management Review, 58(1), 20-40. https://doi.org/10.1525/cmr.2015.58.1.20

• Journal Article Type: Article
• Publication Date: Oct 1, 2015
• Deposit Date: May 20, 2015
• Publicly Available Date: May 28, 2015
• Journal: California Management Review
• Print ISSN: 0008-1256
• Electronic ISSN: 2162-8564
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• Volume: 58
• Issue: 1
• Pages: 20-40
• DOI: https://doi.org/10.1525/cmr.2015.58.1.20
• Public URL: https://durham-repository.worktribe.com/output/1405173