Perspectivas · 2021

Family business. Management and durability: Gestión y perdurabilidad

Resumen

Family businesses bring together two institutions with different interests, the family and the business. The Colombian business fabric is made up of micro-businesses (95%) and two out of three are family businesses. Family SMEs do not have easy access to information and support to work on family conflict management, family and business planning, and preparing the succession. In its operation, corporate governance practices are not implemented, boards of directors are not formed, nor is work on family protocols and succession planning.  This research was carried out in Bogotá with family SMEs during 2020,to bring the academy and SMEs closer together through the cases. This research aims to identify some factors that make family SMEs sustainable over time, in order to answer the question, how to provide relevant information to improve the durability of family SMEs in Bogota? The article deals with the family, the company, the family company, its management and differences with other companies. 

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