The Role of Innovation in Entrepreneurship in Family Firms: A Case Study on Developed and Developing Countries

Its important parameter of entreprenuership to identify the new market trends, which helps the entreprenuers to grap the market with new innovative products or though setting up new firms with socially and economically viable in the society matured enough such as the European. The study deals with to identify the innovative indicators based on 4 A’s framework in family firms from developing and developed countries. The overall purpose of this study is to expand the understanding on how a family influence or ‘familiness’, influences innovation within family-owned firms.