INNOVATION IN FAMILY FIRMS : Innovation

Abstract

This research has been done to examine the role of innovation in family firms. It has been done specifically for the UK firms. It is important to note that when it comes to innovations, family firms generally are at advantage and benefit more from innovations. For innovations to occur in the first place it is important that the social capital in the family is strong enough. This research has been completed with the help of collecting data from secondary sources. All the data has been analysed to know the possibilities and challenges of innovation in family firms.