Conclusions: Implications of Family Firm Internationalisation from a Network Perspective
In this chapter, we summarise the contents of this book, from main findings to implications. The findings do not only align with the earlier literature on FF internationalisation, but make international networking more pertinent as a significant motor for successful internationalisation. The key message is that both narrow maximisation and broad enabling of foreign network ties can yield successful internationalisation for FFs. In addition to industry and other contextual factors, the success in either case is based on how FFs leverage their internal capabilities, such as social capital and long-term orientation, but also externally complement their internal liabilities, such as lack of resources and competence, for the optimal international networking strategy and path. Finding the golden mean between economic and noneconomic (SEW) goals is not easy. However, tackling bifurcation bias and related dysfunctional effects is critical for the ability of FFs to expand overseas.
KeywordsNarrow network maximiser Broad network enabler Summary Implications Context
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