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…likely
than non-family firms to formalize less quickly. This
would include less formal organizational structures,
strategic planning and human resource management
strategies.
Finally, the research finds that family firms come
up with less innovative products and services. This
may be the result of a “closed” social network present
within family…
https://www.wichita.edu/academics/business/research-connection/_documents/RC-Aug2010.pdf