Family ties in SMEs

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 Family businesses are typically more successful when family members are involved in both ownership and management of the firm. Performance levels are often strongest in first-generation companies but can be sustained through subsequent generations when succession planning is effective and long term commitment prevails. Originality/value The briefing saves busy executives 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.