The Importance Of Values In Family Firms

Share Post:

Family firms have long been a cornerstone of the global economy, contributing significantly to job creation and economic growth. These enterprises are unique in their organizational structure, with ownership and management intertwined by familial ties. One crucial factor that differentiates family firms from other business models is the emphasis they place on values. The values upheld within a family firm play a pivotal role in shaping the company’s culture, decision-making processes, and long-term success.

In this article, we will delve into the significance of values in family firms, explore essential values they should embrace, and outline strategies for incorporating these values into their operations.

Importance Of Values In Family Firms

Values serve as a moral compass, guiding family firms through the myriad challenges they encounter. Instilling a set of shared values can enhance communication, foster trust among family members, and facilitate smooth succession planning. Research has shown that family firms that prioritize their core values tend to outperform their counterparts, maintain greater stability across generations, and adapt more effectively to changing market dynamics (Miller & Le Breton-Miller, 2005).

Read the rest of this article at Family Business United

Author: Kyler Gilbert

Stay Connected

More Updates


The world is transitioning and every business must adapt to the new norm.

For 40+ years we’ve made it our business to help your business modify and evolve in business strategies, people + leadership, and innovation + growth.

We invite our clients, new and old, to reach out to us. We’re here to help you thrive during this global transformation.


Join us

Network, connect, grow, and develop as a woman leader in your family enterprise with WLife!  When you join WLife, it’s more than just a membership organization.  You’re joining a community of strong aspiring female leaders.  WLife offers an annual conference for all members and provides an annual research study that addresses the unique situations that impact women in family owned businesses  


For more information about WLife…

BCR Mission

BCR strives to offer the best quality services to our clients and community. We are passionate about what we do and immerse ourselves in our client’s visions and goals. Their success is how we see our success.

BCR Vision

Paying it forward and helping others grow and prosper is a value that we don’t just talk about; we live it. As BCR has expanded across a global market, we make it a habit to work with non-profit organizations at significantly reduced fees and provide pro-bono work to support many small businesses. We take great pride in supporting the communities that BCR connects with, the same communities that gave BCR its humble beginning 40 years ago.

Helping Clients Build A Better Quality of Life

Skip to content