Keeping it in the family

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The resilience and longevity of family firms can be boosted through narrative accounts of their history. Stories detailing how they navigated past crises provide a platform for addressing present and future challenges through such as family cohesion, allegiance to family values, shared commitment, effective communication and the contributions made by key individuals. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Publication Details

Journal
Strategic Direction
Published
2024-10-14
DOI
https://doi.org/10.1108/sd-09-2024-0154
Primary Topic
Family Business Performance and Succession
Type
article
Field-Weighted Citation Impact
0.00
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article

Keeping it in the family

Strategic Direction
Family Business Performance and Succession
article

Keeping it in the family

article en

Abstract

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The resilience and longevity of family firms can be boosted through narrative accounts of their history. Stories detailing how they navigated past crises provide a platform for addressing present and future challenges through such as family cohesion, allegiance to family values, shared commitment, effective communication and the contributions made by key individuals. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Strategic DirectionVol. 40(8)
Quality Education
Openalex Percentile: Top 75%
Family Business Performance and Succession
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