Verkkobennedsen and foss (2015) presented innovation trajectories in family firms that are shaped by the entrepreneurial spirit internalized by the family; Verkkosuch research also needs to offer suggestions on how family firms can effectively manage conflict between the generations to promote both innovation. This chapter focuses on the challenges that family businesses face to remain competitive in the market.

Verkkothis perspective article examines extant research on the technology adoption of family businesses, with an emphasis on the role of successors, and. Verkkothe aim of this chapter is to provide an overview of the most recent and relevant studies in the growing body of research on innovation in family firms,. Verkkoto resolve the innovation dilemma in fbs and identify promising opportunities that can boost family firms’ innovation performance, feranita et al.