Family business value creation is influenced by factors related to the company, in addition to the characteristics of the first and second generations. Few studies have attempted to address the factors affecting the creation of two-generation value. To explain the factors affecting value creation, a qualitative narrative review and a case study using semi-structured interviews were used. Data analysis was conducted using the analytical method of Strauss-Corbin’s systematic foundation theory. The findings of this study indicated the entry of a new generation, the connection between the two generations and the creation of motivation and commitment to change in G1 are important factors in value creation. G2 provides the basis for the creation of new value due to its risk-taking and willingness to learn externally. The management levers of using new sources of social and human capital of G2 and experts, creating a long-term vision of continuing the business for the next generations, creating an innovative culture for the business, creating motivation and risk-taking in G1, using structures and systems encourage innovation, employing G2 in the company and accepting G2 opinions and idea generation with the participation of two generations, and using learning and knowledge management identified as effective factors in creating two-generation value. Also, the integration of the internal tacit knowledge of G1 and the explicit external knowledge of G2, the absorbptive capacity of G2 and experts, and the exchange of knowledge between two generations identified as effective factors in learning and knowledge management in creating new value.
Vajdi Vahid,M. (2025). Management Levers Enable Innovation and Generational Dynamics in Intergenerational Value Creation of Family Firms. Journal of Strategic Management and Future Studies, 8(1), 1-36. doi: 10.22034/jsmf.2025.534324.1134
MLA
Vajdi Vahid,M. . "Management Levers Enable Innovation and Generational Dynamics in Intergenerational Value Creation of Family Firms", Journal of Strategic Management and Future Studies, 8, 1, 2025, 1-36. doi: 10.22034/jsmf.2025.534324.1134
HARVARD
Vajdi Vahid M. (2025). 'Management Levers Enable Innovation and Generational Dynamics in Intergenerational Value Creation of Family Firms', Journal of Strategic Management and Future Studies, 8(1), pp. 1-36. doi: 10.22034/jsmf.2025.534324.1134
CHICAGO
M. Vajdi Vahid, "Management Levers Enable Innovation and Generational Dynamics in Intergenerational Value Creation of Family Firms," Journal of Strategic Management and Future Studies, 8 1 (2025): 1-36, doi: 10.22034/jsmf.2025.534324.1134
VANCOUVER
Vajdi Vahid M. Management Levers Enable Innovation and Generational Dynamics in Intergenerational Value Creation of Family Firms. JSMF, 2025; 8(1): 1-36. doi: 10.22034/jsmf.2025.534324.1134
