Los Retos de las Empresas Familiares Ante su Continuidad: Caso Tehuacán (Challenges for Family Business Continuity: Tehuacan Case Study)

Revista Internacional Administración & Finanzas, v. 6 (1) pp. 1-22, 2013

22 Pages Posted: 29 Jan 2013 Last revised: 1 Aug 2017

See all articles by Hilario Díaz Guzmán

Hilario Díaz Guzmán

Universidad Popular Autónoma del Estado de Puebla (UPAEP)

Miguel Corona

Universidad Iberoamericana

Yésica Mayett

Universidad Popular Autónoma del Estado de Puebla (UPAEP)

Date Written: 2013

Abstract

Family business is a vital force in the global economy. Nevertheless, the challenge of balancing family interests and business goals may help explain the high mortality rate of family businesses. When family members work together, emotions may interfere with business decisions. A serious problem faced by family businesses in Mexico is the lack of formality within family business. Therefore, it is critical to formalize or professionalize the family business and meet the differing goals of the two different, but interrelated domains, family and business. The inquiry was supported in a documentary and field research. The survey sample covers 342 family businesses in manufacturing, trade and services in Tehuacan city. This is the first statistical study of family businesses in Tehuacan. The aim of this paper is to analyze the relationship between the construct “professionalization” and constructs such as “performance”, “family harmony,” “effective communication” and “obstacles to professionalizing the family business.” A statistical model is proposed to explain the relationship among constructs and variables. This study also highlighted the importance of the variable-academic education, as main variable of the construct “professionalization.”

Note: Downloadable document is in Spanish.

Keywords: Family Business, Professionalization, Family Harmony, Effective Communication, Clear Rules, Unity, Commitment, Confidence, Leadership

JEL Classification: M19, M29

Suggested Citation

Díaz Guzmán, Hilario and Corona, Miguel and Mayett, Yésica, Los Retos de las Empresas Familiares Ante su Continuidad: Caso Tehuacán (Challenges for Family Business Continuity: Tehuacan Case Study) (2013). Revista Internacional Administración & Finanzas, v. 6 (1) pp. 1-22, 2013, Available at SSRN: https://ssrn.com/abstract=2155237

Hilario Díaz Guzmán (Contact Author)

Universidad Popular Autónoma del Estado de Puebla (UPAEP) ( email )

21 sur 1103 Barrio
Puebla, 72410
Mexico

Miguel Corona

Universidad Iberoamericana ( email )

Prol. Paseo de la Reforma, #880
Lomas de Santa Fe
Mexico, Distrito Federal 01210
Mexico

Yésica Mayett

Universidad Popular Autónoma del Estado de Puebla (UPAEP) ( email )

21 sur 1103 Barrio
Puebla, 72410
Mexico

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