The Source of Competitive Advantage in a Family Business is the Family

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: Business; Entrepreneurial and Small Business Operations; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/ksmu/181; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1180&context=ksmu
• Institution: Singapore Management University

When family businesses expand overseas, they do well to capitalise on their unique core values and cultures. But these inherent strengths should be tempered to fit into the new environments, advised Sanjay Goel, strategic management and entrepreneurship professor, University of Minnesota Duluth. Goel spoke on the topic, "Sources of competitive advantage in family business – bringing the family back in," at the inaugural Ngee Ann Kongsi annual lecture, Singapore Management University (SMU). He was joined for a panel discussion afterwards by Richard Eu, Robert Yap and Andreas Sohmen-Pao. The panel was chaired by SMU deputy president and provost Tan Chin Tiong.