Resilience and Family Business Groups in Unstable Economies

Allan Discua Cruz (), Rodrigo Basco (), Maria José Parada (), Antonio Malfense Fierro () and Cristina Alvarado-Alvarez ()
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Allan Discua Cruz: Lancaster University Management School
Rodrigo Basco: American University of Sharjah
Maria José Parada: ESADE Business School
Antonio Malfense Fierro: University of Hull
Cristina Alvarado-Alvarez: Universitat Autonònoma de Barcelona

Chapter 13 in The Family Business Group Phenomenon, 2019, pp 315-352 from Springer

Abstract: Abstract This chapter focuses on resilience and family business groups in unstable environments. Based on Malfense Fierro (2012) model, we present four case studies from Africa, Middle East and Latin America to showcase the diverse strategic responses of family businesses to cope with such environment. These responses nurture resilience and shape strategies that impinge wealth retention and growth. Resilience is developed from diverse factors, being the family factor highly relevant. We observe a recursive interaction between the context and the response family businesses adopt through the development of family business groups. A theoretical extension of the model proposes that resilience can be explored through the way family business groups compete—their strategic position, risk management, internationalization and management of human, social and financial capital used.

Keywords: Family business groups; Resilience; Uncertainty; Unstable environments; Risk; Resources; Strategic responses (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-98542-8_13

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DOI: 10.1007/978-3-319-98542-8_13

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