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Strategic Resource Identification Aimed At Sustaining Family Business In Bogota A Simulation Of The Subjectâ´S Social And Business Behavior La Identificacion De Recursos Estrategicos Orientados Al Sostenimiento De La Empresa Familiar En Bogota Una Simulacion Del Comportamiento Social Y Empresarial Del Sujeto

Author

Listed:
  • Santiago Garcia Carvajal

Abstract

Family businesses face complex scenarios and the need to balance entrepreneurial and social tensions. The businesses face issues related to conservation of business assets vs the transcendence of family roots and balancing between family net worth vs company net worth. Firms need to educate new leaders for the organization´s future challenges. Future leaders might be those related to the family or employees form outside family bond. This study investigates social behavior of the entrepreneur and their relationships of trust and closeness with constituents of the company. We also examine their strategic priorities throughout the business life cycle to identify strategic resources such as technological capital, social capital and human capital that leads to sustainability of the company.

Suggested Citation

  • Santiago Garcia Carvajal, 2019. "Strategic Resource Identification Aimed At Sustaining Family Business In Bogota A Simulation Of The Subjectâ´S Social And Business Behavior La Identificacion De Recursos Estrategicos Orientados Al Sos," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 12(2), pages 1-22.
    • Handle: RePEc:ibf:riafin:v:12:y:2019:i:2:p:1-22
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    More about this item

    Keywords

    Entrepreneurial Culture; Artificial Intelligence and Marketing;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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