Knowledge and the Family Business: The Governance and Management of Family Firms in the New Knowledge Economy - Innovation, Technology, and Knowledge Management

Marc Notes: Includes bibliographical references and index. Table of Contents: 1. Introduction: Mapping the Paths Through the Handbook / Manlio Del Giudice, Maria Rosaria Della Peruta, Elias G. Carayannis -- Part I. Family Businesses in the New Knowledge Economy: Governance and Management -- 2. Knowledge Management and Family Business / Manlio Del Giudice -- 3. Learning Processes and Social Implications in Family Organizations / Maria Rosaria Della Peruta -- 4. Family Business: Leadership and Succession / Maria Rosaria Della Peruta -- 5. Family Business in the World / Manlio Del Giudice -- 6. The Italian Entrepreneurial Outlook / Manlio Del Giudice -- Part II. Family Business Entrepreneurs as Creative Destroyers and Knowledge Weavers -- 7. Definition of Terms and Concepts / Elias G. Carayannis -- 8. Insights from Theory and Practice / Elias G. Carayannis -- 9. Critical Success and Failure Factors and Lessons Learned / Elias G. Carayannis -- Index. Jacket Description/Back: Family businesses the predominant form of business organization around the world can make numerous, critical contributions to the economy 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 knowledge management plays in strategic planning and adaptation. Integrating the literature from family business, entrepreneurship, industrial psychology, and knowledge management, and with illustrative examples from a variety of enterprises, the authors address such topics as: How family businesses can compete in the new knowledge economy How to manage a family business when knowledge is its main asset How to transfer knowledge (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 note that families often develop systemic, intuitive, or tacit knowledge 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 innovates 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 knowledge and practices; and, in turn, dynamic capabilities result from mechanisms of knowledge sharing, collective learning, experience accumulation, and transfer."Publisher Marketing: This is the first book to explore the dynamics of family business from a knowledge management perspective. It integrates the literature from family business, entrepreneurship, industrial psychology, and knowledge management.

Contributor Bio:  Carayannis, Elias G, Dr ELIAS G. CARAYANNIS is Full Professor of Management Science in the School of Business and Public Management; Director of Research on Science, Technology, Innovation and Entrepreneurship, European Union Research Center; and co-founder and co-director of the Global and Entrepreneurial Finance Research Institute (GEFRI) at the School of Business, GWU. He has published more than fourty refereed journal articles and two books, The Strategic Management of Technological Learning and Idea Makers and Idea Brokers (Greenwood, 2003).