StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Factors Influencing Internationalization and Entrepreneurial Growth of Family-Owned Businesses - Research Paper Example

Comments (0) Cite this document
Summary
Other research papers have been studied to realize the factors that influence growth in Family-Owned Businesses. The findings suggest that most family firms…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Factors Influencing Internationalization and Entrepreneurial Growth of Family-Owned Businesses
Read TextPreview

Extract of sample "Factors Influencing Internationalization and Entrepreneurial Growth of Family-Owned Businesses"

Download file to see previous pages firms; Generational Involvement is associated with the level of Entrepreneurial indication in family firms; and, Entrepreneurial Orientation is positively related to the internationalization of family firms.
Internationalization is the “process by which firms both increase their awareness of the direct and indirect influence of international transactions on their future, and establish and conduct transactions with firms in other countries” (Koh, 2010, p.22). As 80% of businesses in US are family owned, it is responsible for 60% of employment. Although a lot of these firms are small in size, still they represent around one-third of Fortune 500 Companies and around thirty five percent of the S&P 500 Industrials. (Blodgett et al, 2012) In most companies around the globe, internationalization is an important challenge which they need to address to make sure they remain competitive in today’s Global Economy. An entry into foreign soil is marked with uncertainty which may require breaking away from traditional and long used manufacturing processes, acquiring new channel partners and exploring avenues for funding. However, internationalization can be more even more challenging in family owned businesses, because the entry into foreign markets may require structural changes within the organization and most of these firms are extremely unwilling to lose family control. (Casillas et al, 2013). While family businesses aim for expansion, with exploring new markets, they are faced with the opposite force which is stability in their home market, which is relatively low-risk. (Casillas et al, 2013). Studies that have researched into the want of internationalization of family firms reveal an inclination toward family firms wanting to operate in the traditional markets and seem reluctant to venture into foreign territory. (Koh, 2010). This is not to say that NO family firms have surmounted this challenge, quite a few family firms have ventured into international markets and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Factors Influencing Internationalization and Entrepreneurial Growth of Research Paper”, n.d.)
Factors Influencing Internationalization and Entrepreneurial Growth of Research Paper. Retrieved from https://studentshare.org/management/1633594-factors-influencing-internationalization-and-entrepreneurial-growth-of-family-owned-businesses
(Factors Influencing Internationalization and Entrepreneurial Growth of Research Paper)
Factors Influencing Internationalization and Entrepreneurial Growth of Research Paper. https://studentshare.org/management/1633594-factors-influencing-internationalization-and-entrepreneurial-growth-of-family-owned-businesses.
“Factors Influencing Internationalization and Entrepreneurial Growth of Research Paper”, n.d. https://studentshare.org/management/1633594-factors-influencing-internationalization-and-entrepreneurial-growth-of-family-owned-businesses.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Factors Influencing Internationalization and Entrepreneurial Growth of Family-Owned Businesses

Managing Family Owned Business

...?Running Head: Managing Family Owned Business Managing Family Owned Business The purpose of this research was to identify the barriers and effective practices emphasised by consultant who provide services to family owned businesses. The findings of this study have important implications for practitioners in training and professional development, as well as those who coach family owned businesses. The results from this research have provided insight regarding those businesses who utilise and follow the advice of consultants. Managing Family Owned Business Introduction Family businesses are created for a variety of reasons, but a common belief among founders of family businesses is that working together as a family unit can be more... the...
14 Pages(3500 words)Essay

Social influencing factors

...?Case Study Question Table of Contents Question 3 Social Influencing Factors 3 Reference Groups 3 Family 5 Social 6 Question 2 7 Marketing Mix 7 Product 9 Price 10 Place 10 Promotion 11 References 13 Bibliography 15 Question 1 Social Influencing Factors In a modern day phenomenon, the purchase decisions of the consumers are not believed to be made spontaneously by them without any influence from external factors. Numerous aspects are known to subsist, which further create an impact on the consumer purchasing behaviour such as social class, family and reference groups (Bearden & Etzel, 2001). The recent...
10 Pages(2500 words)Essay

Growth strategies in small businesses

...: The resource- based view and information systems research: Review, extension, and suggestions for future research[ 1]. MIS Quarterly, 28(1): 107-142. Wymer, S., & Regan, E. (2005) Factors influencing e-commerce adoption and use by small and medium businesses. Electronic Markets, 15(4): 438-453. Xu, M., Rohatgi, R., & Duan, Y. (2007) E-business adoption in SMEs: Some preliminary findings from electronic components industry. International Journal of E-Business Research, 3(1): 74-90. Zhou, K., Yim, C. K., & Tse, D. K. (2005) The effects of strategic orientations on technology- and market-based breakthrough innovations. Journal of Marketing, 69(2): 42-60....
1 Pages(250 words)Dissertation

Chinese family businesses

...environment to avoid rejection. In this respect, the manner that an idea is presented is crucial, such that it must adhere to "strong and ritualistically reinforced set of norms that rigidly guides Chinese behavior" (Marber & Wellen, 2002, p. 3). Culture, is therefore an important aspect that must be given consideration in China because of its deep-rooted influence in the nation and among its people. The effect of Confucian ideals of filial piety, harmony and hierarchy, interpersonal relationships or 'guanxi', family and family, and face must therefore be given consideration because it determines not only the personal lives of Chinese, but their business practices as...
2 Pages(500 words)Essay

EMPLOYEE-OWNED BUSINESSES: PROS AND CONS

...Employee-owned businesses: pros and cons 2007 Outline: A) Why might employee-owned businesses perform better B) Why might traditionally owned businesses perform better C) Conclusion. Why might employee-owned businesses perform better Paying a part of employees' salary with the stock of the company is traditionally considered beneficial for both companies and staff (Broadly Granted Stock Options Improve Corporate Performance, 2002); however there are certain points to be taken into consideration. There are a lot of successful companies whose stock are held exclusively by its employees and managers....
2 Pages(500 words)Essay

Family Owned Business

...but also are committed to developing and attaining further growth of the business enterprise. In most countries, business enterprises are family owned. In the United States of America, family controlled or family owned dealings are about 80 percent of the overall companies. Aims of the project In this project, we will first examine the concept of family owned enterprises. We will attempt to define and explain the term family owned businesses. Secondly, we will try and find out the ownership structure of...
5 Pages(1250 words)Essay

Factors Influencing Process Design

...Factors Influencing Process Design Number Word Count Factors Influencing Process Design Process design involves all features that an organization in order to satisfy customer needs. In operation management, it is concerned with inventory and production of products and their delivery. In the process of determining what products manufactures, designers have to consider various factors since this technology assist in the control of an organization’s resources. Consequentially, this control helps an organization to maximize on material use and realize positive returns. Choice of materials, ease of maintenance, durability, fitness for purpose and running costs...
10 Pages(2500 words)Essay

Family Owned Real Estate Properties in London

...from the company due to conflicts and restricted career growth opportunities. Such restrained career growth is as a result of certain senior positions in the company being preserved for family members only. It is due to such common complexities that some of the family members of real estate businesses in London opt to engage property agents so that they may avoid encountering some of the said common complexities. As such, the researcher, through the study, seeks to establish how property agents have reduced the complexities involved in the management of family-owned real estate properties in London. 1.4 Rationale for...
38 Pages(9500 words)Dissertation

Factors influencing psychological practic

...Factors Influencing Psychological Practice 11th December After reading the article concerning the socio-political and economic factors that influence the practice and delivery of psychological practices, it is quite clear that psychiatrists should be well aware of these factors because of the magnitude of the impact that they have on this field. I concur with the author that in order to counter these socio-political and economic factors, and to accurately deliver on psychological practice, the practitioner should have a vast knowledge in managing managed care and be able to build the business outside these constraints...
1 Pages(250 words)Essay

External Factors Influencing Organizations

...Business Environment The success of every organization depends heavily on its strategic planning. However, there are several external factors that affect the performance of the organization in either local or international market (Knights & Willmott, 2012). Political factors influence the development of the organization in the market. Different factors such as policies and rules of competition in a country have a major impact on how a business handles itself in the market. This affects the overall competitive advantage of the business in the market (Knights & Willmott, 2012). The economic factors are of...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Factors Influencing Internationalization and Entrepreneurial Growth of Family-Owned Businesses for FREE!

Contact Us