Stakeholders’ Relationships as a Microfoundation for Open Innovation

Meireles, Fernanda Rosalina da Silva; Boaventura, João Maurício Gama; Griffin, Justin W.

doi:10.5465/ambpp.2019.15074abstract

Cited by 2 publications

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“…Connectedness can, in turn, lower transaction costs, allow for rapid innovation, and open innovation (Meireles et al, 2019) as well as undertaking more complexity including growth in scale or scope (Youm et al, 2021). As family firms, in general, are inherently riskadverse (Patel & Chrisman, 2014), connectedness means that risks-development risks, climate action risks, or financial risksmight be shared or borne by the broader stakeholder network, not solely by the family business (Youm et al, 2021).…”

Section: Family Firms' Trust-based Advantages: Implications For Exter...mentioning

confidence: 99%

External affairs and trusted family businesses: A research agenda

Griffin

Youm

2023

Journal of Public Affairs

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In the past two decades, the Journal of Public Affairs has solidified corporate public affairs as a legitimate leadership skillset vital to driving future business growth. Yet, more work at a persistently overlooked gap in the Journal, the intersection of public affairs and family businesses, might shed new light on thriving, trusted, and sustainable business practices. This paper examines the unique contributions of family businesses as trusted influencers. As one of the most prominent forms of business, worldwide, family businesses persistently enjoy unusually high levels of public trust while collectively employing millions of wage earners yet their contributions to corporate external affairs research ostensibly have been largely overlooked. These “silent” community and social influencers offer a potentially new perspective on effective public outreach given their persistent and unique trust advantage. Family business' trust‐based capabilities can potentially bring new insights to understanding effective stakeholder engagement, credible communications, and issues management—the sweet spot of corporate public affairs functions. Future research opportunities based on relational‐ and locational‐ advantages of trusted family businesses are identified.

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Section: Family Firms' Trust-based Advantages: Implications For Exter...mentioning

confidence: 99%

External affairs and trusted family businesses: A research agenda

Griffin

Youm

2023

Journal of Public Affairs

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“…Nevertheless, this interface between stakeholders' relationships and open innovation remains a little explored (Meireles, Boaventura, & Griffin, 2019). It is noticed that the phenomenon of the innovation process in organizations, in its perspective of open innovation, is not adequately elucidated in the literature regarding the influence of stakeholders' relationships, in its different types.…”

Section: Justification and Contribution Of Researchmentioning

confidence: 99%

Stakeholders\' relationships as microfoundation of open innovation: perspective of brazilian companies

Meireles¹

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Stakeholders’ Relationships as a Microfoundation for Open Innovation

Cited by 2 publications

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External affairs and trusted family businesses: A research agenda

External affairs and trusted family businesses: A research agenda

Stakeholders\' relationships as microfoundation of open innovation: perspective of brazilian companies

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