<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Background:</bold> The innovativeness of founders and their heirs and family businesses (FBs) is a relatively unexplored field of research, and its understanding is incomplete and inconsistent.
<bold>Objectives:</bold> The goal is to compare the founders’ innovativeness and investigate the relationship of life-long learning with the innovativeness of heirs in FBs.
<bold>Methods/Approach:</bold> The paper is based on research, including a survey on FBs in Slovenia. The differences in the innovativeness of the two groups – founders and heirs are compared, and the strength of the dependence of the life-long learning and innovativeness through the external training of heirs determined.
<bold>Results:</bold> The innovativeness of founders and heirs in FBs, measured by the number of new product and service lines and by the number of new processes that founders and heirs in FBs have developed or started marketing in the last five years, shows higher results for the founders. Life-long learning through external training correlates positively with the innovativeness of heirs.
<bold>Conclusions:</bold> An appropriate culture for innovation needs to be created in FBs to foster innovativeness among heirs, which can be supported by life-long learning.
</abstract>

Background: The innovativeness of founders and their heirs and family businesses (FBs) is a relatively unexplored field of research, and its understanding is incomplete and inconsistent.
Objectives: The goal is to compare the founders’ innovativeness and investigate the relationship of life-long learning with the innovativeness of heirs in FBs.
Methods/Approach: The paper is based on research, including a survey on FBs in Slovenia. The differences in the innovativeness of the two groups – founders and heirs are compared, and the strength of the dependence of the life-long learning and innovativeness through the external training of heirs determined.
Results: The innovativeness of founders and heirs in FBs, measured by the number of new product and service lines and by the number of new processes that founders and heirs in FBs have developed or started marketing in the last five years, shows higher results for the founders. Life-long learning through external training correlates positively with the innovativeness of heirs.
Conclusions: An appropriate culture for innovation needs to be created in FBs to foster innovativeness among heirs, which can be supported by life-long learning.

Innovativeness of Family Businesses in Slovenia: Do Heirs follow the Founders?

Business Systems Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Innovativeness of Family Businesses in Slovenia: Do Heirs follow the Founders?"}

Background: The innovativeness of founders and their heirs and family businesses (FBs) is a relatively unexplored field of research, and its understanding is...

Innovativeness of Family Businesses in Slovenia: Do Heirs follow the Founders?

Pubblicato online: 10 apr 2022

Pagine: 284 - 304

Ricevuto: 15 ott 2021

Accettato: 25 nov 2021

DOI: https://doi.org/10.2478/bsrj-2021-0033

Parole chiave
family business, entrepreneurship, innovativeness, life-long learning

© 2021 Marina Letonja et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Innovativeness of Family Businesses in Slovenia: Do Heirs follow the Founders?

Pubblicato online: 10 apr 2022

Pagine: 284 - 304

Ricevuto: 15 ott 2021

Accettato: 25 nov 2021

DOI: https://doi.org/10.2478/bsrj-2021-0033

Parole chiavefamily business, entrepreneurship, innovativeness, life-long learning

© 2021 Marina Letonja et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Parole chiave
family business, entrepreneurship, innovativeness, life-long learning