Strategic Decision Making in Small Family Firms: An Empirical Investigation

Abstract

ptttnily hiisi nesses play a signi Jicani role in the national economy.Despite their importance, liale aaention has beeii paid to strategic decision inaking in these Jirms.This research examines strategic decision making in 74 small family firms.In addition to the firm's internal and external factors traditionallv acknowledged m strategy research, strategic decisions in fantil&i firins were found io be significantly injluenced by jamily considerations.This Jinding unilerscores the tmittue characierisiics of family firms.Based on the research findings a conceptual framework of strategic decision making in fanii ly firms is offered

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