Vitaliy Skorodziyevskiy, Fang Hanqing and Jim Chrisman

VITALIY SKORODZIYEVSKIY IS ASSISTANT PROFESSOR OF MANAGEMENT AND ENTREPRENEURSHIP AT UNIVERSITY OF LOUISVILLE, HANQING FANG IS ASSOCIATE PROFESSOR OF BUSINESS AND INFORMATION TECHNOLOGY AT MISSOURI UNIVERSITY OF SCIENCE AND TECHNOLOGY, AND JIM CHRISMAN IS PROFESSOR OF MANAGEMENT AT MISSISSIPPI STATE UNIVERSITY

Family businesses are uniquely skilled at keeping competitors out of their market space – often without actually competing with them, say the authors.
THE BOTTOM LINE

Why do so many family companies exist?

They know how to win without fighting