OFFSPRING INVOLVEMENT IN FAMILY BUSINESS. A STUDY OF COLOMBIAN CASES (Article published in Spanish)

Authors

  • Melquicedec Lozano Posso Doctor en Creación, Estrategia y Dirección de Empresas, Universidad Autónoma de Barcelona, España. Magíster en Economía Aplicada, Universidad del Valle, Colombia. Director de Investigaciones y Proyectos Especiales, Centro de Desarrollo del Espíritu Empresarial, Universidad Icesi, Colombia.
  • David Urbano Doctor en Creación, Estrategia y Dirección de Empresas, Universidad Autónoma de Barcelona, España. Subdirector Doctorado European Doctoral Programme in Entrepreneurship and Small Business Management, Departamento de Economía de La Empresa, Universidad Autónoma de Barcelona, España.

DOI:

https://doi.org/10.1016/S0123-5923(08)70052-4

Keywords:

Family business, offspring involvement, succession, case study, Colombia

Abstract

This research focuses on the stage of offspring entry to the family business. This stage connects the entire professional and personal experiences that the potential successor has had previously to his entrance to the family business and all the responsibilities he will have in the early period of his (her) integration in the family business. Frequently this stage is analyzed as one-dimensional stage, but it is clear through this research that it is more a process with many factors affecting it. To study these factors, the analysis of four detailed Colombian family business cases was done. The results give evidence about the mode, the timing and the motivations, as fundamental factors in the decision of entry to the family business, moreover identifies the main proposals related to the offspring decision to become an employee of the family business. It suggests to the owners of family business and the offspring to examine this entry dimensions inside of the preparation process of the following generations.

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Published

2008-12-31

Issue

Section

Research articles

How to Cite

OFFSPRING INVOLVEMENT IN FAMILY BUSINESS. A STUDY OF COLOMBIAN CASES (Article published in Spanish). (2008). Estudios Gerenciales, 24(109), 65-86. https://doi.org/10.1016/S0123-5923(08)70052-4