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

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

doi:10.1525/cmr.2015.58.1.20

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

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

Authors

D. Miller

M. Wright

I. Le Breton-Miller

L. Scholes

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

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Copyright Statement
Published as Danny Miller, Mike Wright, Isabelle Le Breton-Miller, Louise Scholes (Fall 2015). Resources and Innovation in Family Businesses: The Janus-Face of Family Socioemotional Preferences. California Management Review 58(1): 20-40. © 2015 by the Regents of the University of California. Copying and permissions notice: Authorization to copy this content beyond fair use (as specified in Sections 107 and 108 of the U. S. Copyright Law) for internal or personal use, or the internal or personal use of specific clients, is granted by the Regents of the University of California for libraries and other users, provided that they are registered with and pay the specified fee via Rightslink® or directly with the Copyright Clearance Center.