A miss is as good as a mile The desire-belief-opportunity framework and a typology of family firms in internationalization

Key Points

• The aim is to explore how the desire-belief-opportunity framework influences family firms' internationalization efforts.
• Analyzed existing literature on family firms and internationalization.
• Developed a typology based on desire, belief, and opportunity factors in family businesses.
• Examined case studies of family firms in various industries.
• Identified key factors affecting family firms' decisions to internationalize.
• Categorized family firms based on their motivation and resources.
• Found that family firms leverage social networks to enhance international opportunities.