About this project
Two of the most crucial challenges for the sustainability of family firms consist in the process of generational transition and the obsolescence of their traditional business models.
Digital transformation offers the opportunity to address both challenges by unlocking next generation’s potential with the strategic renewal of traditional business models.
The lack of toolkits and roadmaps for guiding family firms’ members in managing such transformation leaves vast opportunities untapped, putting at risk family firms’ competitiveness.
Our project is concerned with the analysis of the requirements for digital transformation in the specific context of family firms, and the development of the decision-making frameworks and tools needed to support and guide such complex process.
MasterMIL Toolkit
The toolkit consists of three different assessments designed to assist your company in defining Industry 4.0 concepts, identifying emerging technologies, and evaluating the digital readiness of your business model in order to prepare you for the digital change.
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Project Objectives
Literature Review
A comprehensive literature review on industry 4.0 technologies, family business characteristics and the relationship between the two research areas
Case studies
Case studies of family firms to shed light on typical company’s heritage and preconditions for the implementation of Industry 4.0 technologies in family firms and critical success factors for their proper development
Toolkit
The development of a widely applicable toolkit that allows firms to identify the current situation of the company (as-is), choose the most appropriate Industry 4.0 technology and understand how to implement it
Project Team
Entrepreneurship, Family Business, Innovation, Strategic Management, HRM and Succession Management
Manufacturing Systems, Automation in Production and Mechatronics, Operations Management
Logisitcs and Supply Chain Management, Technology and Operations Management
Family business, Social network, Entrepreneurship and Innovation
Manufacturing Systems, Automation in Production, Logistics and Supply Chain Management
Family Business, Conflict, Interpersonal Dynamics
Family Business, Social Capital, Innovation, and Cross Cultural Management
