What is it about?
Family businesses are powerhouses but what makes them strong can also hinder their performance. This article explores family business dynamics and summarizes a practical process for formulating strategy that improves competitive position, and performance.
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Why is it important?
With just a few key process adjustments, family businesses can leverage their strengths and improve performance.
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This page is a summary of: Family businesses: their virtues, vices, and strategic path, Strategy & Leadership, August 2004, Emerald,
DOI: 10.1108/10878570410576704.
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