Opportunities and limitations of innovative development strategies to family businesses
Journal Title: International Journal of Contemporary Management - Year 2012, Vol 11, Issue 4
Abstract
The paper is devoted to the subject of how family businesses function. It presents an overview of family business definitions, family business characteristics, development strategy models, segmentation as well as the opportunities and restrictions faced by family businesses. Furthermore, the results of surveys conducted by family businesses on the Polish markets and their best practices worldwide have been presented. Family businesses have been around forever. They form the core of industrial, service and commercial business worldwide. Their role in Poland has not been appreciated well enough yet, however, the financial results of family businesses may be a signal that such situations are going to change soon. In addition, the European Union actions related to substantial financial support should represent an important step in family business development and an improvement of their image in consumers’ and competitors’ eyes. This paper presents the models of family businesses, their segmentation, barriers and methods of coping with crisis situations.
Authors and Affiliations
Joanna Żukowska, Mikołaj Pindelski
Keywords
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- EP ID EP58201
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