Smaller family companies lead innovation worldwide, researchers say
![Smaller family companies lead innovation worldwide, researchers say](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/07/p-1-91153866-smaller-family-companies-unexpected-innovation-powerhouses.jpg)
Specifically, we found that small and medium-sized family companies in legal environments with strong property rights are the most innovative in the world.
Close your eyes and imagine a world where the most innovative companies aren’t big tech giants but family-run businesses. Now open your eyes, because you don’t have to imagine it: It’s reality.