Are the 'Best Practices' All Wrong for Your Family Business?

Family businesses are more than economic engines. They are rooted in family legacy and carry the weight of continuity. But behind the impressive numbers are families quietly struggling to stay connected while evolving. One of their biggest challenges is choosing the right governance models – formal rules, processes, and systems – to keep the company focused as it grows and as new generations become involved.

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Publication Details

Published
2025-08-26
DOI
https://doi.org/10.32617/1270-68adc301dab4c
Primary Topic
Family Business Performance and Succession
Type
article
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article

Are the 'Best Practices' All Wrong for Your Family Business?

María José Parada, Luciana Lucena De Lima
Family Business Performance and Succession
article

Are the 'Best Practices' All Wrong for Your Family Business?

María José Parada, Luciana Lucena De Lima
article en

Abstract

Family businesses are more than economic engines. They are rooted in family legacy and carry the weight of continuity. But behind the impressive numbers are families quietly struggling to stay connected while evolving. One of their biggest challenges is choosing the right governance models – formal rules, processes, and systems – to keep the company focused as it grows and as new generations become involved.

IADE Superior de Marketing e Publicidade (PT)
Gender equality
Openalex Percentile: Top 74%
Family Business Performance and Succession
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Are the 'Best Practices' All Wrong for Your Family Business? — María José Parada, Luciana Lucena De Lima · (2025) | TGRS Research Map | TGRS