Knowledge management, flexibility and firm performance: The effects of family involvement
After the last global crisis, firms needed to change and adapt better to the environment. In this scenario, knowledge management is the most important strategic resource, and therefore, it is considered critical for improving firm performance.
However, knowledge management processes and the dynamic environment demand new ways of personnel management, especially a break from traditional and rigid forms of working. As a result of these experiments several innovations in work systems, managerial practices, and personnel policies have appeared. This study examines the holistic relationship between knowledge management, flexibility and firm performance in family firms.
The results show that knowledge management has a positive influence on firm performance. Also, flexibility is not significantly related to firm performance. However, flexibility is positive and significantly related to knowledge management. Furthermore, there is no linear relationship between family involvement in ownership and management, and flexibility and knowledge management in the firm.
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