Executive Managers in Peru's Family Businesses

Tatsuya Shimizu

No 59, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: As in many other developing countries, family businesses are major players in the Peruvian economy. Despite their growth into large-scale groups spanning a wide range of businesses, the owner families still have strong control over their ownership and management. However, Peru's liberal economic reforms in the 1990s brought intense competition into the national market. Not only have these family businesses been forced to compete against large-scale foreign capital that entered the national market through the privatization of state enterprises, but also against cheap goods imported from foreign countries. In order to compete, family businesses have had to move beyond the limited human resources available within the family. The advancement within owner families of new generations with better education and training together with the promotion to top managerial positions of professional salaried managers from outside the family are some of the measures owner families are taking to overcome their human resource limitations.

Keywords: Family business; Ownership; Managers; Family concern; Business enterprises; Industrial management; Peru; 経営者; 同族会社; 企業; 企業経営; ペルー (search for similar items in EconPapers)
JEL-codes: K29 M12 O54 (search for similar items in EconPapers)
Date: 2006-04-01
New Economics Papers: this item is included in nep-dev and nep-law
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 59. 2006-04-01

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