The field of family business studies has gained significant prominence in recent times, thanks to the contributions made by the Journal of Family Business Strategy. This distinguished journal is dedicated to publishing high-quality research that explores various aspects of family businesses. Over the years, it has helped unpack the intricate world of family businesses by providing a platform for discussion and exploration of the many challenges and opportunities faced by these businesses.
The Journal of Family Business Strategy has helped produce a wealth of knowledge about family businesses. One of the key areas it has explored is the impact of family dynamics on business performance. Research in this area has revealed that family structures, relationships, and interactions can have a significant impact on the functioning of family businesses. For example, a study conducted by Vandekerkhof and Steijvers (2019) found that conflicts between family members can lead to a decline in business performance, while effective family communication can enhance business performance.
Another key area explored by the Journal of Family Business Strategy is the role that succession planning plays in ensuring the long-term survival and success of family businesses. Succession planning is highly complex and involves issues such as determining the appropriate time for succession, identifying the right successor, and addressing the emotional complexities of transferring power from one generation to another. The Journal of Family Business Strategy has helped unpack these issues and provide guidance on how to navigate them successfully.
The Journal of Family Business Strategy has also contributed to the study of family businesses in emerging economies. A significant proportion of family businesses operate in these economies and face unique challenges related to their operating environments. The journal has provided a platform for exploring these challenges and identifying strategies for overcoming them.
In conclusion, the Journal of Family Business Strategy has made significant contributions to the field of family business studies. Its research has helped unpack the complex world of family businesses and provided guidance on how to navigate the many challenges they face. As the interest in family businesses continues to grow, the journal will undoubtedly continue to play a vital role in shaping the discourse and contributing to the field’s advancement.
