Knowledge Network: Faculty & Research

By Ernesto Poza

As even the smallest companies become more global in their operations, many family-owned businesses are seizing opportunities to expand overseas. But others are resisting and, in turn, missing opportunities that could sustain their success. Much of their reluctance is due to the conservative fiscal management and risk avoidance that characterize many family businesses.

Expanding overseas takes capital, often a loan with a long payback period. Currency fluctuations also are a hazard. So business owners find themselves looking hard for easier, faster domestic growth opportunities.

Managing risk will always be important, as companies must carefully balance their desire to invest capital for growth with shareholders’ needs for liquidity. But by taking the following steps, you can diminish the dangers of going global.
Read more »

By Mary Teagarden

“When the dragon awakes, the whole world will tremble,” Napoleon Bonaparte once cautioned about China. The dragon has awakened and is emerging as a head-to-head competitor and rival for companies in many countries, including Mexico.
Read more »

By Paul Kinsinger, Thunderbird professor

Recently, a pair of my retired relatives showed up at my house having driven 2,000 miles on what constituted a substantial road trip for anyone. Looking hale and hearty for two seniors who had just spent four days in the car, we inquired into how the trip went.