Innovative Entrepreneurial Spirit of Second-generation Entrepreneurs and Industrial Transformation of Family Companies:Multi-case Study Based on Dynamic Capabilities
In the face of the challenge of inheritance,industrial transformation has become a unique path for family companies to seek cross generational development.As the successor of family company,second-generation entrepreneurs have innovative entrepreneurial spirit as the core driving force of entrepreneurial behavior.It is a great significance to explore how the innovative and entrepreneurial spirit of second-generation entrepreneurs drives industrial transformation.This paper constructs a theoretical model of the innovative entrepreneurial spirit of the second-generation entrepreneurs drives the industrial transformation of family companies through multiple case studies.The study found that dynamic capabilities can effectively connect the innovative and entrepreneurial spirit of second-generation entrepreneurs with industrial transformation,and the industrial transformation of family companies includes two paths:active transformation and passive transformation,and the innovative and entrepreneurial spirit of second-generation entrepreneurs drives the formation of dynamic capabilities,which in turn drive the industrial transformation of family businesses through slightly different paths.In addition,seven dimensions of innovative entrepreneurial spirit for second-generation entrepreneurs,five aspects of dynamic capabilities,and three stages of industrial transformation have been extracted.
second-generation entrepreneurinnovative entrepreneurial spiritindustrial transformationdynamic capabilityfamily company
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