What is it about?
We argue that each generation contributes to the knowledge pool differently, and there can be different levels of hostility towards sharing knowledge that can impact a family firm’s ability to innovate. We present two models distinguishing the source of knowledge from the receiver of knowledge for each generation. When the senior generation is the source of knowledge, business tends to be as per usual. Conversely, when the source of knowledge is the next generation, this can lead to new approaches to doing business being introduced, with potential for innovation activities and outcomes.
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Why is it important?
We suggest that to minimise hoarding and rejection of knowledge, strategies need to be in place to avoid redundancy in the knowledge production and problem-solving processes.
Perspectives
This article was picked as one of the top articles for the ISPIM Florence 2019 for inclusion in a special issue of the International Journal of Innovation Management (IJIM). The paper is a good example of how knowledge sharing impacts innovation in family firms and hopefully thought provoking for family business, innovation and entrepreneurship researchers.
Dr Paul J. Woodfield
Auckland University of Technology
Read the Original
This page is a summary of: HOW DOES KNOWLEDGE SHARING ACROSS GENERATIONS IMPACT INNOVATION?, International Journal of Innovation Management, December 2019, World Scientific Pub Co Pte Lt,
DOI: 10.1142/s1363919619400048.
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