Incentivizing change: how do family firms drive innovation? Family firms have untapped innovation potential, but it all depends on their incentive strategies. Elisa Villani, Christian Linder, Alfredo De Massis, and Kimberly A Eddleston have studied Human Resources Management (HRM) and uncovered two distinct paths taken by modernizers vs guardians of tradition. Modernizers are family firms that embrace change and innovation by breaking away from the past, while guardians of tradition uphold tradi
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Today I spoke in support of my Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act. America's economic strength has always come from our builders, inventors, and risk-takers. We are a nation of startups born in garages, family businesses turned thriving enterprises, and dreamers who take an idea and make it real. Right now, three areas, Silicon Valley, Boston, and New York, account for nearly three-quarters of all venture capital funding. Meanwhile, mountains
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