The Global Family Business: Challenges and Drivers for Cross-Border Growth
Management & Entrepreneurship
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.
Patel, Vijay K., Torsten M. Pieper, and Joseph F. Hair. "The Global Family Business: Challenges and Drivers for Cross-Border Growth." Business Horizons 55.3 (2012): 231-9. Print.