The Innovative Performance of Family Businesses: An Essay About Intellectual Capital and Absorptive Capacity

The personal characteristics of the members, the organizational relationships, and the internal procedures need to be managed. Knowledge needs to be acquired, assimilated, transformed, and applied to create organizational value. Then, the relationship between intellectual capital and the absorptive capacity are fundamental. Family businesses, those governed and/or managed by members of the same family throughout the generations, represent more than half of the existing organizations, reaching figures close to 90% in some locations.