Internationalizing Family Business

Paper Summary:

The paper explains that the dominance of globalization on the world's stage is forcing family businesses to strategically consider the internationalization process. The paper explores such issues as organizational culture, organizational behavior and managerial theory, corporate governance and the formulation of strategic global alliances. The paper then delivers a set of recommendations on how the family business can weather the distinctions of internationalization. The paper clarifies that the ultimate ambition of this study is to provide a path for survival for the family business, which can only be realized by the business competing in an internationalized context.

Outline:
Abstract
Introduction
Research Rationale
Methodology
Definition of Key Terms
Findings
Organizational Behavior and Managerial Principles
Corporate Governance
International Partnership
Family Business Opportunities
Discussion
Conclusion and Recommendations

From the Paper:

"The process of globalization is one which is well underway, with global organizations and domestic forms of legislation giving way to free trade practices. The elimination of prior limitations on global interaction has caused the mass internationalization of companies from all over the world, which have pursued strategic aims in all corners of the globe. The family business, typically smaller and more centralized, is inherently less likely to experience internationalization, but the dominance of globalization on the world's stage if forcing some strategic consideration of this process."

Sample of Sources Used:

• Aguilera, R.V. & Yip, G.S. (2004). Corporate Governance and Globalization: Toward an Actor Centred Institutional Analysis. University of Illinois: College of Business. Online at <http://www.business.uiuc.edu/aguilera/pdf/Aguilera&Yip-Cha05-2004.pdf>.
• Alper, S., Tjosvold, D., & Law, K.S. (2000). Conflict management, efficacy, and performance in organizational teams. Personnel Psychology, Vol. 53, No. 3, p. 625-642.
• Bernstein, A. (2004). Shaking Up Trade Theory. Business Week. Online athttp://www.businessweek.com/magazine/content/04_49/b3911408.htm
• Chen, M.H. (2006). Understanding the benefits and detriments of conflict on team creativity process. Creativity & Innovation Management, Vol. 15, No. 1, p. 105-116.
• Decker, C. (2006). Globalization, Specialization and Family Business. Voices and Views, 56(4).

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