When large family firms expand internationally

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 Large family firms that expand internationally typically face considerable challenges. Likelihood of successful transition increases significantly when they exercise patience and find creative ways of raising the necessary finances. In addition, focusing on areas of expertise, building partnerships based on trust, complying with governance requirements, professionalizing management structures and appropriate succession planning are other key measures to aid the cause. 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.