THESUCCESSOR, KEYFIGUREIN THE SUCCESS OF THE COMPAMY HOUSEHOLD,EL SUCESOR, FIGURA CLAVE EN EL EXITO DE LA EMPRESA FAMILIAR

Laura Leticia Gaona Tamez, Sandra Patricia de la Garza Cienfuegos and Rosa Hilda Hernandez Sandoval

Revista Internacional Administracion & Finanzas, 2014, vol. 7, issue 3, 57-67

Abstract: The research develops a model of training in economic, administrative, technological and family values for successful firm succession. We discuss issues associated with the decision to choose a successor in a family business. In Mexico, 90% of businesses are family owned. One problem in these businesses is succession when the founder is finishing his working life. The founder should be prepared to choose a candidate for succession. In Monclova, Coahuila, a significant number of family businesses seek not only development but also permanence and continuity. Eight founders were interviewed in 2011. Findings show only four of twenty-five variables exceeded company expectations.

Keywords: Successor; Founder and Family Businesses (search for similar items in EconPapers)
JEL-codes: M12 M13 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:7:y:2014:i:3:p:57-67

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