The Global Family Business: Challenges and Drivers for Cross-Border Growth
Department
Management and Entrepreneurship
Document Type
Article
Publication Date
5-2012
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.
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