Knowledge and the Family Business: The Governance and Management of Family Firms in the New Knowledge Economy by Manlio Del Giudice, Maria Della Peruta, Elias Carayannis (Hardback, 2010)
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- DescriptionFamily businesses-the predominant form of business organization around the world-can make numerous, critical contributions to the ecomy and family well-being in both financial and qualitative terms. But dysfunctional family businesses can be difficult to manage, painful experiences at best, and they can destroy family wealth and personal relationships. This book explores the dynamics of family business management, in the context of constantly changing market conditions and the role that kwledge management plays in strategic planning and adaptation. Integrating the literature from family business, entrepreneurship, industrial psychology, and kwledge management, and with illustrative examples from a variety of enterprises, the authors address such topics as: *How family businesses can compete in the new kwledge ecomy *How to manage a family business when kwledge is its main asset *How to transfer kwledge (and how to keep it alive) through family generations Within this framework, the authors argue that effective resource management-especially intangible resources-is central to enabling a family-run organization to maintain a sustainable competitive advantage over time. They te that families often develop systemic, intuitive, or tacit kwledge that transcends rational decision making and needs to be recognized and nurtured as a distinctive asset. The authors demonstrate that trans-generational value is achieved when the family firm invates and adapts itself to changing external and internal conditions. This kind of entrepreneurial performance requires dynamic capabilities and processes designed to acquire, exchange, combine and even shed kwledge and practices; and, in turn, dynamic capabilities result from mechanisms of kwledge sharing, collective learning, experience accumulation, and transfer.
- Author(s)Elias Carayannis,Manlio Del Giudice,Maria Della Peruta
- PublisherSpringer-Verlag New York Inc.
- Date of Publication25/11/2010
- SubjectManagement & Business: General
- Series TitleInnovation, Technology, and Knowledge Management
- Series Part/Volume Number7
- Place of PublicationNew York, NY
- Country of PublicationUnited States
- ImprintSpringer-Verlag New York Inc.
- Content Notebiography
- Weight571 g
- Width156 mm
- Height234 mm
- Spine17 mm
- Format DetailsLaminated cover
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