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

Author

Listed:
  • Patel, Vijay K.
  • Pieper, Torsten M.
  • Hair, Joseph F.

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.

Suggested Citation

  • Patel, Vijay K. & Pieper, Torsten M. & Hair, Joseph F., 2012. "The global family business: Challenges and drivers for cross-border growth," Business Horizons, Elsevier, vol. 55(3), pages 231-239.
    • Handle: RePEc:eee:bushor:v:55:y:2012:i:3:p:231-239
    DOI: 10.1016/j.bushor.2012.01.002
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    References listed on IDEAS

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    9. repec:bla:jfinan:v:58:y:2003:i:3:p:1301-1327 is not listed on IDEAS
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    Cited by:

    1. Fynn-Willem Lohe & Andrea Calabrò & Mariateresa Torchia, 2021. "Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth," Journal of International Entrepreneurship, Springer, vol. 19(4), pages 479-509, December.
    2. Mikel Alayo & Txomin Iturralde & Amaia Maseda & Gloria Aparicio, 2021. "Mapping family firm internationalization research: bibliometric and literature review," Review of Managerial Science, Springer, vol. 15(6), pages 1517-1560, August.
    3. Hafner, Cornelius & Pidun, Ulrich, 2022. "Getting family firm diversification right: A configurational perspective on product and international diversification strategies," Journal of Family Business Strategy, Elsevier, vol. 13(1).
    4. Lapeira, Maria & Samara, Georges & Kundu, Sumit & Kumaraswamy, Arun, 2024. "To export or to FDI? A configurational approach to family firm internationalization," Journal of World Business, Elsevier, vol. 59(2).
    5. Harmon Chaniago, 2022. "The effect innovation cloning to small business success: entrepreneurial perspective," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-18, December.
    6. repec:ise:gheswp:wp532014 is not listed on IDEAS
    7. Vincent Molly & Anneleen Michiels, 2022. "Dividend decisions in family businesses: A systematic review and research agenda," Journal of Economic Surveys, Wiley Blackwell, vol. 36(4), pages 992-1026, September.
    8. Cornelius Hafner, 2021. "Diversification in family firms: a systematic review of product and international diversification strategies," Review of Managerial Science, Springer, vol. 15(3), pages 529-572, April.
    9. João Carlos Lopes & Amélia Branco & Francisco Parejo & José Francisco Rangel, 2016. "Determinants of Success and Failure in the Internationalization of the Cork Business: A Tale of Two Iberian Family Firms," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 2, edition 1, pages 417-440, Springer.
    10. Wen-Ting Lin & Linda C. Wang, 2021. "Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 91-119, March.
    11. Hamid Etemad, 2021. "Influential factors in internationalization of family firms, socially and innovatively oriented firms, and effective international activities in global E-markets," Journal of International Entrepreneurship, Springer, vol. 19(4), pages 469-478, December.
    12. Bauweraerts, Jonathan & Sciascia, Salvatore & Naldi, Lucia & Mazzola, Pietro, 2019. "Family CEO and board service: Turning the tide for export scope in family SMEs," International Business Review, Elsevier, vol. 28(5), pages 1-1.

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