View and management of innovativeness upon succession in family-owned SMEs

International Journal of Innovation Management

Volumn 15, Issue 3, 2011, Pages 617-640

  Grundström, Christina ^a   Öberg, Christina ^b   Rönnbäck, Anna Öhrwall ^a  

^a LINKÖPING UNIVERSITY   (Sweden)

^b LUND UNIVERSITY   (Sweden)

Author keywords

acquisition; family owned; incremental; innovativeness; radical; SMEs; Succession; takeover

Indexed keywords

EID: 79957646200     PISSN: 13639196     EISSN: None     Source Type: Journal    
DOI: 10.1142/S136391961100326X     Document Type: Conference Paper

References (52)

1. Ahuja, G and R Katila (2001). Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study. Strategic Management Journal, 22(3), 197-219.
2. At, C and P-H Morand (2003). The sale of small firms: A multidimensional analysis. Economic Theory, 22, 927-933. (Pubitemid 37316382)
3. Birley, S, D Ng and A Godfrey (1999). The family and the business. Long Range Planning, 32(6), 598-608.
4. Boeker, W and R Karichalil (2002). Entrepreneurial transition: Factors affecting founder departure. Academy of Management Journal, 45(3), 818-826.
5. Capelleras, JL and FJ Greene (2008). The determinants and growth implications of venture creation speed. Entrepreneurship and Regional Development, 20(4), 317-343.
6. Christensen, KS (2006). Losing innovativeness: The challenge of being acquired. Management Decision, 49(9), 1161-1182. (Pubitemid 44696798)
7. Clark, KB (1985). The interaction of design hierarchies and market concepts in technological evolution. Research Policy, 14, 235-251.
8. Commission Recommendation (2003). Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises. Recommendation No. 2003/361/EC. Official Journal of the European Union, 124, 36-41.
9. Davidson, KM (1988). The acquisition risk. Journal of Business Strategy, 9(3), 56-58.
10. Davis, PS and PD Harveston (1998). The influence of family on the family business succession process: A multi-generational perspective. Entrepreneurship: Theory and Practice, 22(3), 31-53.
11. de Man, A-P and G Duysters (2005). Collaboration and innovation: A review of the effects of mergers, acquisitions and alliances on innovation. Technovation, 25(3), 1377-1387. (Pubitemid 41426998)
12. Dosi, G (1982). Technological paradigms and technological trajectories. A suggested interpretation of the determinants and directions of technical change. Research Policy, 11, 147-162.
13. Duncan, RB (1976). The ambidextrous organization: Designing dual structures for innovations. In RH Kilmann, D Pondy and P Slevin (eds.), The Management of Organization Design: Strategies and Implementation. New York: North-Holland, pp. 167-188.
14. Eisenhardt, KM and ME Graebner (2007). Theory building from cases: Opportunities and challenges. Academy of Management Journal, 50(1), 25-32.
15. Eng, JNM, A Ledwith and J Bessant (2010). Search strategies for discontinuous and radical innovation in established companies. Paper presented at the 17th EIASM International Product Development Management Conference, June 13-15, Murcia, Spain. Paper available from EIASM (The European Institute for Advanced Studies in Management), Place de Brouckère-Plein 31, B-1000 BRUSSELS, Belgium.
16. European Commission (2009). Overview of family-business-relevant issues: Research, networks, policy measures and existing studies. Final report of the expert group. [online] Available at: http://ec.europa.eu/enterprise/policies/ sme/promoting-entrepreneurship/family-business/[Accessed: November 2, 2010].
17. Fiegener, MK (2010). Locus of ownership and family involvement in small private firms. Journal of Management Studies, 47(2), 296-321.
18. Fillion, EPJ (1966). A way out for small business. Advanced Management Journal, 31(1), 27-33.
19. Freel, M (2003). Sectoral patterns of small firm innovation, networking and proximity. Research Policy, 32, 751-770.
20. Garud, R, PR Nayyar and ZB Shapira (1997). Beating the odds: Toward a theory of technological innovation. In Garud, R, PR Nayyar and ZB Shapira (eds.), Technological Innovation: Oversights and Foresights. Cambridge: Cambridge University Press, pp. 345-354.
21. Habbershon, TG, M Nordqvist and TM Zellweger (2010). Transgenerational entrepreneurship. In Nordqvist M and T Zellweger (eds.), Transgenerational Entrepreneurship: Exploring Growth and Performance of Family Firms Across Generations, [online] Available at: http://www.alexandria.unisg.ch/publications/ 54561/L-en, [Accessed: October 15, 2010].
22. Handler, WC (1990). Succession in family firms: A mutual role adjustment between entrepreneur and next-generation family members. Entrepreneurship Theory and Practice, 15(1), 37-51.
23. Howorth, C, P Westhead and M Wright (2004). Buyouts, information asymmetry and the family management dyad. Journal of Business Venturing, 19(4), 509-534. (Pubitemid 38570622)
24. Hurley, RF and GTM Hult (1998). Innovation, market orientation, and organizational learning: An integration and empirical examination. Journal of Marketing, 62(3), 42-54.
25. Hussinger, K (2010). On the importance of technological relatedness: SMEs versus large acquisition targets. Technovation, 30, 57-64.
26. Ip, B and G Jacobs (2006). Business succession planning: A review of the evidence. Journal of Small Business and Enterprise Development, 13(3), 326-350. (Pubitemid 44263408)
27. Laforet, S and J Tann (2006). Innovative characteristics of small manufacturing firms. Journal of Small Business and Enterprise Development, 13(3), 363-380. (Pubitemid 44263410)
28. Levinthal, D (1997). Three faces of organizational learning: Wisdom, inertia, and discovery. In Garud, R, PR Nayyar and ZB Shapira (eds.), Technological Innovation: Oversights and Foresights. Cambridge: Cambridge University Press, pp. 167-180.
29. Ljung, M (2010). Småföretagslandet Sverige [html] (Updated September 6, 2010) Available at: http://www.ekonomifakta.se/sv/Artiklar/2010/ September/Smaforetagslandet-Sverige/. [Accessed: September 20, 2010].
30. Lubatkin, M, Z Simek, Y Ling and JF Veiga (2006). Ambidexterity and performance in small-and medium-sized firms: The pivotal role of top management team behavioral integration. Journal of Management, 32(5), 646-672. (Pubitemid 44349935)
31. Madrid-Guijarro, A, D Garcia and H Van Auken (2009). Barriers to innovation among Spanish manufacturing SMEs. Journal of Small Business Management, 47(4), 465-488.
32. Melin, L, E Brundin, K Haag, A Hall, M Nordqvist and C Wigren (2007). Ägarskifte med Förnuft och Känsla: Vägledning inför Ägar-och Ledarskiften i Företag. Stockholm: Verket för näringslivsutveckling.
33. Mosey, S, JN Clare and DJ Woodcock (2002). Innovation decision making in British manufacturing SMEs. Integrated Manufacturing Systems, 13(3), 176-183. (Pubitemid 34586492)
34. Nordqvist, M and L Melin (2010). Entrepreneurial families and family firms. Entrepreneurship and Regional Development, 22 (3/4), 211-239.
35. Öberg, C and C Grundström (2010). Challenges and opportunities in innovative firms' network development. International Journal of Innovation Management, 13(4), 593-613.
36. Öberg, C, C Grundström and P Jönsson (2011). Acquisitions and network identity change. European Journal of Marketing. In press.
37. Persson, H (2004). The survival and growth of new establishments in Sweden. Small Business Economics, 23(5), 423-440. (Pubitemid 40389931)
38. Pratt, MG (2009). For the lack of a boilerplate: Tips on writing up (and rewriting) qualitative research. Academy of Management Journal, 52(5), 856-862.
39. Ragozzino, R and JJ Reuer (2007). Initial public offerings and acquisition of entrepreneurial firms. Strategic Organization, 5(2), 155-176.
40. Rastogi, S and R Agrawal (2010). Intention of the offspring to join family enterprise: A study of Indian businesses. Annals of Innovation and Entrepreneurship, 1:5603 DOI: 10.3402/aie.v1i1.5603, Available at: http://www.innovationandentrepreneurship.net, [Accessed: October 14, 2010].
41. Sahal, D (1981). Patterns of Technological Innovation. Reading, MA: Addison-Wesley Publishing Company, Inc.
42. Salvato, C, U Lassini and J Wiklund (2007). Dynamics of external growth in SMEs: A process model of acquisition capabilities emergence. Schmalenbach Business Review, 59, 282-305.
43. Scholes, ML, M Wright, P Westhead, A Burrows and H Bruining (2007). Information sharing, price negotiation and management buy-outs of private-owned firms. Small Business Economics, 29, 329-349.
44. Storey, D and F Greene (2010). Small Business and Entrepreneurship. Harlow: Pearson Education Ltd.
45. Strerlacchini, A (1999). Do innovative activities matter to small firms in non-R&D-intensive industries? Research Policy, 28, 819-832.
46. Tether, B (1998). Small and large firms: Sources of unequal innovations? Research Policy, 27, 725-745. (Pubitemid 128430547)
47. Tether, B and D Storey (1998). Smaller firms and Europe's high technology sectors: A framework for analysis and some statistical evidence. Research Policy, 26, 947-971. (Pubitemid 128430978)
48. Trevinyo-Rodríguez, RN and N Bontis (2010). Family ties and emotions: A missing piece in the knowledge transfer puzzle. Journal of Small Business and Enterprise Development, 17(3), 418-436.
49. Tushman, ML and JP Murmann (1998). Dominant designs, technology cycles, and organizational outcomes. Research in Organizational Behavior, 20, 231-266. (Pubitemid 128054178)
50. Tushman, ML and CA O'Reilly (1996). Ambidextrous organizations: Managing evolutionary and revolutionary change. California Management Review, 38, 8-30.
51. Verhees, FJHM and MTG Meulenberg (2004). Market orientation, innovativeness, product innovation, and performance in small firms. Journal of Small Business Management, 42(2), 134-154. (Pubitemid 38516342)
52. Zajac, E (1990). CEO selection, succession, compensation and firm performance: A theoretical integration and empirical analysis. Strategic Management Journal, 11, 217-230.