What is it about?
Our study extends family business and knowledge sharing literature by challenging traditional views of incumbent-successor relationships. We reason that family business literature is sympathetic to the senior generation nurturing the next generation while leaving a gap in our understanding of how the next generation contributes knowledge to the firm.
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Why is it important?
We argue and put forward evidence for bidirectional knowledge sharing between the senior and next generation. We highlight that the next generation, given their formal education and/or work experience, bring a valuable knowledge base to the family business. This knowledge base is different from the one held by the senior generation by drawing more extensively on explicit knowledge acquired through tertiary education combined with tacit knowledge acquired from vocational activities outside the family firm.
Perspectives
I hope this article gets readers exploring bidirectional knowledge sharing that can lead to innovative outcomes and change in a family business. The article highlights the potentially valuable knowledge originating from the next generation which can encourage innovation and entrepreneurial behaviour across generations.
Dr Paul J. Woodfield
Auckland University of Technology
Read the Original
This page is a summary of: Intergenerational knowledge sharing in family firms: Case-based evidence from the New Zealand wine industry, Journal of Family Business Strategy, March 2017, Elsevier,
DOI: 10.1016/j.jfbs.2017.01.001.
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