Transcending Tradition: A Comprehensive Exploration of Family Business Dynamics, Governance, and Strategic Advantages
Transcending Tradition: A Comprehensive Exploration of Family Business Dynamics, Governance, and Strategic Advantages

Author(s): Azzeddine Allioui
Subject(s): Business Economy / Management, Micro-Economics
Published by: Scientia Moralitas Research Institute
Keywords: tradition; family business dynamics; governance; strategic advantages;
Summary/Abstract: The study explores the development of family business research, starting with Dr. Léon Danco's contributions in 1975. It highlights the exceptional achievements of family businesses in various domains, such as business performance, employment generation, return on investment, and flexibility. The study emphasizes the beneficial relationship between family and company, resulting in unique competitive advantages. It also analyzes attributes associated with family governance, highlighting their distinctive capabilities for social capital, efficiency, and opportunistic investment.

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