MANAGEMENT AND GOVERNING SYSTEMS OF FAMILY BUSINESS FROM SOUTH OF JALISCO, MEXICO, DIRECCION Y ORGANOS DE GOBIERNO DE LA EMPRESA FAMILIAR DEL SUR DE JALISCO, MEXICO

Patricia Rivera Espinoza, Ezequiel Ramirez Lira and Enrique Roberto Azpeitia Torres

Revista Global de Negocios, 2016, vol. 4, issue 2, 45-56

Abstract: The objective of this paper was to analyze the conditions in which family businesses from south of Jalisco, Mexico, process their administration and governing systems. This is non-experimental and descriptive research, based on a cross technique (Hernández et al. 2006), and nonprobability and convenience sampling. In 70% out of the businesses, the main shareholder usually acts as general manager. The dominant generation is the first generation, which is in charge of the company, 83% don´t have a board of directors. When it comes to a company succession 91% of the businesses note that the founder and main shareholder, as soon as he should die, wishes that in the future such company should be part of the same family. We conclude that family businesses from south of Jalisco generally do not have a directive board of professionals, since the owners themselves take the responsibilities for all decisions regarding the business development. These businesses are the family’s support. Very few have a formal administration board, which can be relied upon for business development

Keywords: Governing Systems; Family Businesses; South of Jalisco (search for similar items in EconPapers)
JEL-codes: M10 M12 M14 M21 (search for similar items in EconPapers)
Date: 2016
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