Knowledge Management

Abstract

Knowledge and knowledge management are key issues in order to create and keep sustainable competitive advantage for the FFs. Knowledge, and particularly, tacit knowledge, is needed to assess, manage, manipulate and transform other strategic resources. In FFs, knowledge management processes (creation, storage/retrieval, transfer and application) are influenced by the idiosyncratic socioemotional and behavioural traits derived from the family nature of the firms. This is especially relevant in relation to the process of succession and intergenerational entrepreneurship processes, where absorptive capacity allows enhancing innovation and strategic renewal. Based on the above, some implications for future research and for practitioners are offered.