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Globalization of the Family Business - Public Policies, Innovation, Firm Growth and Contribution in GDP | Abstract

Global Journal of Commerce & Management Perspective
Open Access

ISSN: 2319-7285

Abstract

Globalization of the Family Business - Public Policies, Innovation, Firm Growth and Contribution in GDP

AnuPriya

The contribution of family businesses to wealth creation, wealth preservation and wealth distribution globally is commendable, and their unique approach of looking at their businesses over generations and as an investment for the future ensures a long- term perspective with respect to decision making and provides stability to the economy. Now, the paradigm shifts on the regulatory, operational and technological fronts are driving family business heads to continuously innovate their products or services and become more perceptive and agile in order to grow. The unquoted companies across Europe, are about 70-80 per cent of enterprises are family businesses.

Published Date: 2021-09-20;

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