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Building bridges between family businesses and start-ups : benefitting from one another in a collaborative innovation system

Klopper, D.E.H. (2018) Building bridges between family businesses and start-ups : benefitting from one another in a collaborative innovation system.

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Abstract:This research sheds a light on the way in which family businesses and start-ups can benefit from one another through collaboration in order to enhance their innovative capabilities. Family businesses play a crucial role in today’s economy. Yet, in the current dynamic economic environment, the family business is challenged to retain its competitive position. On the other hand, start-ups often have promising innovative ideas with high market potential but struggle with the commercialization to capture value from these ideas. Therefore, these two parties are expected to be of value to each other through collaboration. Whereas corporate-start-up collaboration has been given attention by scholars, the distinguishing features of family businesses have not been studied in the context of start-up collaboration. Through a wide data set of interviews, self-assessments and round table sessions with both start-ups and family businesses, the organizational culture, innovation practices and attitudes towards interacting with external collaboration partners is assessed. The collaboration process in all its facets has been studied: the resources to be acquired, the form of the collaboration and the selection of suitable partners. The results supported significant potential for beneficial collaboration for start-ups as well as for family businesses. It also highlighted some differences between the two types of organization and some misunderstandings, and provides a possible explanation of these phenomena and suggestions to overcome them. An extra dimension is added to the results by industry experts highlighting and reflecting on remarkable outcomes of the study. Furthermore, theoretical and practical implications and suggestions for future research are discussed.
Item Type:Essay (Master)
Clients:
EY, Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/76908
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