Patterns in strategy formation in a family firm

A. Ibrahim, J. McGuire, Khaled Soufani, P. Poutziouris

Research output: Contribution to journalArticle

Abstract

Abstract: Despite the fact that about 90 percent of all the businesses in the US and Canada are family-owned and operated, very little research has been undertaken on how strategy is shaped in family businesses. This paper tracks strategy in two family firms since their inception to their present third generation management, to investigate the unique factors influencing strategy in family businesses. The paper accentuates issues relating to the intensive grooming process and the involvement of the different family and non-family members in the strategic decision making processes of the family business.
Original languageEnglish
Pages (from-to)127-140
Number of pages14
JournalInternational Journal of Entrepreneurial Behaviour & Research
Volume10
Issue number1/2
DOIs
Publication statusPublished - 2004

Keywords

  • Family firms
  • Strategic change
  • Succession planning

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