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Thesuccessor, Keyfigurein The Success Of The Compamy Household,El Sucesor, Figura Clave En El Exito De La Empresa Familiar

Author

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

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.

Suggested Citation

  • Laura Leticia Gaona Tamez & Sandra Patricia de la Garza Cienfuegos & Rosa Hilda Hernandez Sandoval, 2014. "Thesuccessor, Keyfigurein The Success Of The Compamy Household,El Sucesor, Figura Clave En El Exito De La Empresa Familiar," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 7(3), pages 57-67.
    • Handle: RePEc:ibf:riafin:v:7:y:2014:i:3:p:57-67
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    Keywords

    Successor; Founder and Family Businesses;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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