Family-owned firms and strategic alliances: Factors that enhance partner selection

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Appropriate selection of suppliers and other strategic partners can be crucial to the reputation and performance of family-owned hospitality firms. The decision-making process must consider various aspects that include price competitiveness, quality of products and services provided, reliable delivery and the level of after-sales support. It is also important that partners operate in a sustainable and ethical manner and promote values and a business culture that is similar to the hospitality firms.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2024), "Family-owned firms and strategic alliances: Factors that enhance partner selection", Strategic Direction, Vol. 40 No. 6, pp. 18-20. https://doi.org/10.1108/SD-06-2024-0072