Development of Family Business Innovation: A Case in Indonesia

Abstract

This current literature looks closely into the aspects of family firm and innovation to enhance the general understanding on Indonesia’s family business innovation. More specifically, the attention will rest on the challenges and opportunities of the family business. Indonesia promises a huge potential of economics’ prospects, one of which comes from its wealth of natural resources. There is also a series of dynamic social and cultural characteristics in Indonesia that uniquely support its bustling economic development. The family-owned businesses’ innovation processes highlighted in this chapter shall explore and resolve issues connected to innovation’s implementation.