A Family Based Competitive Advantage: Handling the Key Success Family Factors in Mexican Family Businesses
Being a family business is not good or bad per se; it is an extra characteristic that management has to deal with. In fact, family influence can become a blessing or a curse for a company, depending on how family members handle Key Success Family Factors (KSFF). This paper presents the Two Stages Sc...
| Autor Principal: | Avendano Alcaraz, Jorge |
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| Otros Autores: | Kelly, Louise, Trevinyo Rodríguez, Rosa Nelly, Madero, Sergio |
| Formato: | info:eu-repo/semantics/article |
| Idioma: | spa |
| Publicado: |
Pontificia Universidad Javeriana
2009
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| Materias: | |
| Acceso en línea: |
http://revistas.javeriana.edu.co/index.php/cuadernos_admon/article/view/3841 |
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| Sumario: |
Being a family business is not good or bad per se; it is an extra characteristic that management has to deal with. In fact, family influence can become a blessing or a curse for a company, depending on how family members handle Key Success Family Factors (KSFF). This paper presents the Two Stages Scoring (TSS) model, a tool that companies can use to develop a competitive advantage based precisely on family influence. TSS Model is based on results obtained in a Mexican Family Businesses research, in which the relationship between family influence and firm performance was tested. The variable “family influence” was measured through the common F-PEC instrument and by FAMILIAL INDEX, while the “firm performance” was measured by CEO level of satisfaction on six financial performance dimensions. Conclusions of the research include that family influence- firm performance relationship is not high for this sample of companies and, as a consequence, the TSS model is proposed based on the idea that firm performance is related more effectively to the KSFF. |
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