The Role of Family Conglomerates in Emerging Markets: What Western Companies Should Know

Posted On September 27, 2015
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The Role of Family Conglomerates in Emerging Markets: What Western Companies Should Know
by Kim, Daekwan, Destan Kandemir, S. Tamer Cavusgil
Thunderbird International Business Review 46, no.1 (2004): 13-38

Abstract
Large, diversified, family-owned businesses are dominant players in the economies of most emerging markets and can be excellent business partners for Western companies. This article highlights the evolutionary patterns of family conglomerates (FCs) and delineates principal drivers of their growth, expansion, and internationalization. Those aspects of FCs examined in this study include early mover advantages, foreign alliances, competitive market positioning, and diversification. Also discussed are entry-mode considerations for Western companies contemplating doing business in the fast-growth markets of East Asia, Latin America, and elsewhere.

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