ABSTRACT

As a significant component of the international economy, one would expect there to be extensive debate, analysis, and attention centred on immigrant family businesses. Strategic planning and governance structures are important for immigrant family business success, growth, performance, control, and survival, and to promote continuity and family unity. The immigrant family business member may see the personal needs alignment in general as the degree to which an individual's needs are properly aligned with opportunities available in the context of the family business. The literature has also revealed that the quality of a family business member's personal life experience is in part a function of their ability to meet the developmental needs of the business. The issue of commitment and communication in cultural exchange has become an important one for businesses expanding into foreign markets. Effective family commitment parallels the congruence of goals among participants in the family business.