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Experiential Knowledge as well as Social Capital of Founders for Innovativeness of Successors in Smaller Family Firms

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Author Info

  • Marina Letonja

    ()
    (GEA College)

  • Mojca Duh

    ()
    (University of Maribor)

  • Zdenka Ženko

    ()
    (University of Maribor)

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    Abstract

    The main goal of our research was to examine the importance of transferring tacit and experiential knowledge as well as social capital of founders for innovativeness of the next family generation, i.e. successors in smaller family firms. Data were collected through in-depth case studies, including face-to-face structured interviews with 20 founders of smaller family firms and their successors. The research was carried out in Slovenia, which in our opinion still belongs to transition economies. Namely, transition from an economic-developmental aspect means transition from routine to innovative economy and society, which Slovenia has not achieved yet. Therefore, we find the innovativeness of next family generation owners and/or managers as crucial for transition of Slovenia to innovative economy and society. We assume that findings of our research may also have implications for other transition economies.

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    File URL: http://www.kgk.uni-obuda.hu/sites/default/files/16_Letonja_Duh_Zenko.pdf
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    Bibliographic Info

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    This chapter was published in: György Kadocsa (ed.) , , pages 223-234, 2012.

    This item is provided by Óbuda University, Keleti Faculty of Business and Management in its series Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012) with number 223-234.

    Handle: RePEc:pkk:meb012:223-234

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    Keywords: smaller family firms; innovativeness; successors; next generation; family business transfer; tacit knowledge; experiential knowledge; social capital; transitional economy; Slovenia;

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Andrea GANZAROLI & Gianluca FISCATO & Luciano PILOTTI, 2006. "Does business succession enhance firms? innovation capacity? Results from an exploratory analysis in Italian SMEs," Departmental Working Papers 2006-29, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Mojca Duh & Jernej Belak & Borut Milfelner, 2010. "Core Values, Culture and Ethical Climate as Constitutional Elements of Ethical Behaviour: Exploring Differences Between Family and Non-Family Enterprises," Journal of Business Ethics, Springer, vol. 97(3), pages 473-489, December.
    3. Morris, Michael H. & Williams, Roy O. & Allen, Jeffrey A. & Avila, Ramon A., 1997. "Correlates of success in family business transitions," Journal of Business Venturing, Elsevier, vol. 12(5), pages 385-401, September.
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