Business Improvement and Social media

The findings, published in the Academy of Management Journal, show that family firms invest less in innovation than other firms (both public and private) that aren’t family-owned. On average, family firms have a smaller R&D budget than other organizations of similar size, but that does not mean they are less innovative. On the contrary, our study found that family firms are more efficient in their innovation processes. For every dollar invested in R&D, they get more innovative output, measured by number of patents, number of new products, or revenues generated with new products. The level of innovation is higher in family firms.

Son tiempos difíciles para muchas empresas. El perfil del cliente y el marco en el que las empresas desarrollan sus actividades está cambiando rápidamente. Además, la actual crisis económica y de valores contribuye a acentuar esta situación.   Hoy la …

How can we create an innovative culture? Here are 9 indicators to consider if your organization wants to develop qualities of innovation.