The global family business: Challenges and drivers for cross-border growth

Vijay K. Patel, Torsten M. Pieper and Joseph F. Hair

Business Horizons, 2012, vol. 55, issue 3, 231-239

Abstract: Globalization has become an imperative and is no longer avoidable as a strategic choice for family businesses. However, globalization strategies are far from the norm among small and medium-sized family enterprises. This article reviews the main drivers for globalization, highlights the distinct characteristics of family businesses that may enhance or constrain their global expansion, and provides a framework for strategically evaluating business capabilities and global market opportunities.

Keywords: Family business; Globalization; Push and Pull factors; Strategic choices (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bushor:v:55:y:2012:i:3:p:231-239

DOI: 10.1016/j.bushor.2012.01.002

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