A family-based competitive advantage: handling key success family factors in Mexican family businesses
Fiche du document
1 décembre 2009
- handle: 10670/1.fj9heb
info:eu-repo/semantics/openAccess
Sujets proches
Family Family structure Families--Social aspects Families--Social conditions Family life Structure, Family Family relationships Relationships, Family Biography--Ancestry Relations with family Biography--Descendants Biography--Family AncestryCiter ce document
Jorge Avendano-Alcaraz et al., « A family-based competitive advantage: handling key success family factors in Mexican family businesses », Cuadernos de Administración, ID : 10670/1.fj9heb
Métriques
Partage / Export
Résumé
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.