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Table of Contents

Chapter 1: Introduction
1.1 Background of the Study
1.2 Objectives of the Study
1.3 Limitations of the Study
1.4 Scope of the Study

Chapter 2: Literature Review
2.1 Definition of Family-Owned Businesses
2.2 Importance of Strategic Management Practices in Family-Owned Businesses
2.3 Challenges Faced by Family-Owned Businesses
2.4 Previous Studies on Strategic Management Practices in Family-Owned Businesses

Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis

Chapter 4: Discussion of Findings
4.1 Overview of Family-Owned Businesses Studied
4.2 Strategic Management Practices Implemented
4.3 Successes and Failures of Strategic Management Practices
4.4 Recommendations for Improvement

Chapter 5: Conclusion and Summary
5.1 Key Findings
5.2 Implications for Family-Owned Businesses
5.3 Recommendations for Future Research

Overview of Strategic Management Practices in Family-Owned Businesses

Family-owned businesses are a unique subset of the business world, facing challenges and opportunities that are distinct from non-family owned enterprises. Strategic management practices play a crucial role in the success and longevity of family businesses, as they determine the direction and competitiveness of the company.

This study aims to explore the strategic management practices employed by family-owned businesses and assess their effectiveness in achieving sustainable growth and competitive advantage. By reviewing existing literature on the subject and conducting primary research, the study seeks to provide insights into the best practices for strategic management in family businesses.

Through a comprehensive analysis of the data collected, the study will identify the key success factors and challenges faced by family-owned businesses in implementing strategic management practices. By understanding the unique dynamics of family businesses and the role of strategic management in their growth, this study aims to contribute to the body of knowledge on this topic and provide valuable insights for family business owners and managers.

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