How Family Firms Can Innovate With Less

How Family Firms Can Innovate With Less
Category: Commentary
Published: September 13, 2018
Updated: October 1, 2018
Views: 54539
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Family firms often face limits on the financial and human capital available to them. But in Germany, a class of small- to medium-sized businesses known as the "Mittlestand" has learned to transcend these limits and innovate anyway, accounting for a half million firms and $8.7 billion in R&D spending in 2010. Familybusiness.org editor Alfredo De Massis, Professor of Entrepreneurship & Family Business at the Free University of Bozen-Bolzano, and colleagues David Andretsch, Lorraine Uhlander and Nadine Kammerlander researched what made the Mittlestand so successful.  Their findings, entitled "Innovation with Limited Resources: Management Lessons from the German Mittlestand," were published in January 2018 in the Journal of Product Innovation Management. This video, published with permission from the four authors, summarizes the six things that have helped make the Mittlestand strong and successful.


Alfredo De Massis
Alfredo De Massis
Professor of Entrepreneurship & Family Business / Center for Family Business / Free University of Bozen-Bolzano, IMD and Lancaster University
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Cite this Article
DOI: 10.17919/X9M97T
De Massis, Alfredo. "How Family Firms Can Innovate With Less." FamilyBusiness.org. 13 Sep. 2018. Web 20 Apr. 2024 <https://familybusiness.org/content/How-Family-Firms-Can-Innovate-With-Less>.
De Massis, A. (2018, September 13). How family firms can innovate with less. FamilyBusiness.org. Retrieved April 20, 2024, from https://familybusiness.org/content/How-Family-Firms-Can-Innovate-With-Less