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Vitaliy Skorodziyevskiy, University of Louisville; Chelsea Sherlock; Clay Dibrell; Emma Su, University of Dayton, and Jim Chrisman, Mississippi State University
(THE CONVERSATION) Close your eyes and imagine a world where the most innovative companies aren’t big tech giants but family-run businesses. Now open your eyes, because you don’t have to imagine it: It’s reality.
That’s what ourteamofbusinessexperts found in a recent global analysis of research into family-owned and family-run firms.
When we reviewed 193 studies published from 1996 through 2022 about the strategies, including innovation, that these businesses pursue,...