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The Role of Dynamic Entrepreneurial Capabilities and Innovation in Intergenerational Succession of Family Firms

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Innovation and Capacity Building

Abstract

The chapter presents and discusses the role of dynamic entrepreneurial capabilities in family business succession, addressing the need to support and enhance innovation and competitiveness across family generations. A firm’s innovation capability depends closely on knowledge, thereby making it a key resource for obtaining sustained competitive advantage. Succession and innovation are among the hottest topics in the family business literature since the survival rate for these firms is disappointing, especially beyond the second and third generations. The topic is addressed through three case studies: two from Greece and one from Cyprus. Dynamic entrepreneurial capabilities contribute to widening successor(s) knowledge base and enhancing the successful realisation of succession through building on innovation. Dynamic entrepreneurial capabilities can help family firms defy the ominous mortality rates and not simply survive but thrive, as they build succession on innovative initiatives.

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Author information

Authors and Affiliations

  1. University of Applied Sciences of Thessaly, Larissa, Greece

    Glykeria Karagouni

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  1. Glykeria Karagouni
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Correspondence to Glykeria Karagouni .

Editor information

Editors and Affiliations

  1. School of Business, University of Nicosia, Nicosia, Cyprus

    Demetris Vrontis

  2. School of Business Administration, College of Management, Rishon Lezion, Israel

    Yaakov Weber

  3. School of Business, University of Nicosia, Nicosia, Cyprus

    Alkis Thrassou

  4. Ural Federal University, Yekaterinburg, Russia

    S. M. Riad Shams

  5. Department of Accounting and Finance, University of Applied Sciences Crete (T.E.I. of Crete), Heraklion, Crete, Greece

    Evangelos Tsoukatos

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Karagouni, G. (2018). The Role of Dynamic Entrepreneurial Capabilities and Innovation in Intergenerational Succession of Family Firms. In: Vrontis, D., Weber, Y., Thrassou, A., Shams, S., Tsoukatos, E. (eds) Innovation and Capacity Building. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-90945-5_3

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