Open AccessInternational Business Decision-Making in Family Small and-Medium-Sized Enterprises
Author(s) -
Jaakko Metsola,
Olli Kuivalainen
Publication year - 2021
Publication title -
european journal of family business
Language(s) - English
Resource type - Journals
eISSN - 2444-8788
pISSN - 2444-877X
DOI - 10.24310/ejfbejfb.v11i2.13842
Subject(s) - internationalization , affect (linguistics) , business , family business , international business , industrial organization , international market , mode choice , marketing , mode (computer interface) , economics , commerce , international trade , management , public transport , linguistics , philosophy , political science , computer science , law , operating system
Family firm internationalization has become a topic of interest over the last few decades. However, there has been surprisingly little research about the actual international business decision-making in the family firm literature. The purpose of this article is to highlight specific family firm factors which affect the international business decision-making. Based on examples on international market entry, target market choice, entry mode choice, and entry timing decisions, it is suggested that long-term and regional orientation, knowledge-base and its transfer, bifurcation-bias, and perseverance of family managers are important factors affecting international business decision-making among family SMEs.