How Family Values and Vision Drive Business Strategy and Continuity

Abstract

This article examines (1) how business families’ core beliefs and values, mediated by their visions for ownership-leadership, influence their strategy-planning and (2) how “Enterprising Families” promote business continuity by placing the needs of the family before those of the firm. The article concludes that business families who understand the relationships among values, strategy, ownership-leadership vision, and the prioritization of family needs are more likely to enjoy sustained business performance and family unity.