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Kreiser: Family firms and strategyRothausen: Family in organizational research
Strategic planning in family business differs from other businesses
Family firm defines as controlled by family or group of families and is intended to maintain control for a period of time
Family firms are oriented on LT development comparing to others
Entrepreneurial concepts: risk, innovation, proactiveness
The define of family: include all others who meet certain needs or functions formerly thought to be met by the family; this is a functional, or effective, rather than a ‘traditional’ or legal, definition of family.
Culture factor plays important role in forming strategy for growth But their strategies over time are similar
http://www.coolstuffinc.com/images/Products/Misc%20Art/Mayfair%20Games/mfg_familybusiness.jpg http://8bitcollective.com/images/FantomenK/Robot+Family+Business/ http://oregonstate.edu/terra/2008spring/departments/innovation/family-business-portrait.php http://www.nicholsoncartoons.com.au/cartoon_1329.html

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