scholarly journals Fundo los Ulmos: a crossroad in the Chilean milk industry

2020 ◽  
Vol 27 (1) ◽  
pp. 16
Author(s):  
Juan Pablo Torres ◽  
Alexandra Guidi Bresciani ◽  
Francisco Sanchez
Keyword(s):  
Decision Maker ◽  
Milk Production ◽  
Latin American ◽  
Family Business ◽  
Production Optimization ◽  
American Family ◽  
Operational Analysis ◽  
Dairy Management ◽  
The Family ◽  
Milk Industry

The case introduces the reader to a problem of a family business in the milk industry, Fundo Los Ulmos (FLU), which had to choose the best option between the two main alternatives available. One of the options was to sell all the land of the family business that has an emotional root with the decision maker. Instead, the second option was to perform an operational analysis that will improve dairy management based on a milk production optimization model. This case shows a typical family business problem where the decision maker must deal with decisions that mix analytical and socioemotional aspects. This case is especially relevant for a competitive strategy course in Latin American family businesses.

Global Competition and the Family-Owned Business in Latin America

1995 ◽  
Vol 8 (4) ◽  
pp. 301-311 ◽  
Author(s):  
Ernesto J. Poza
Keyword(s):  
United States ◽  
Latin America ◽  
Latin American ◽  
The United States ◽  
Global Competition ◽  
American Family ◽  
Concentrated Ownership ◽  
The Family

Challenges and adaptations are discussed in a practice context for Latin-American family-owned businesses. These strategies include family-owned conglomerates, monarchical families, financial obscurity, concentrated ownership, and succession. These Latin American strategies are compared to those in the United States.

scholarly journals Fit for the Future? The Cultural DNA of Spanish and Latin American Family Businesses

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Paco Valera ◽  
Neus Feliu ◽  
Ivan Lansberg
Keyword(s):  
Latin American ◽  
Family Business ◽  
Building Blocks ◽  
Family Businesses ◽  
American Family ◽  
Paradigm Shifts ◽  
Environment Changes ◽  
Spanish Speaking ◽  
Wide Range ◽  
The Future

We use the metaphor of biological DNA and its essential building blocks to describe generic and specific family business cultures and suggest that Spanish-speaking or "Latin" family businesses inherited four key cultural DNA building blocks—Trust, Loyalty, Authority and Justice—from historical Roman times. Like biological DNA, family businesses are forced to change when its environment changes. In this context, we discuss recent changes representing paradigm shifts to which family businesses relying on “Roman DNA” must adapt in order to be fit for the future. We draw upon our firm's 30 years of work consulting to Latin family businesses and present a wide range of supporting cases and stories.

“Eldorado” family: the survival and succession plan

2013 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Sandra Jennina Sanchez Perdomo ◽  
Mario Andres Manzi Puertas
Keyword(s):  
Learning Outcomes ◽  
Latin American ◽  
Family Business ◽  
Personal Characteristics ◽  
Subject Area ◽  
Family Ownership ◽  
Content Type ◽  
Succession Plan ◽  
The Family ◽  
Family Harmony

Subject area Entrepreneurship and family business. Study level/applicability The case is suitable for BA and MBA levels and for courses focusing on family businesses, entrepreneurship, or small and medium-sized enterprises. Case overview The Gomez family is the owner of Colchones Eldorado, a Colombian mattress company, in business for more than 50 years. Its founder and CEO Gumercindo Gomez, 75 years old, had no succession plan but he wanted to ensure the future of his business. Given the urgency of this situation and the complexity of the family structure, Martha Gomez, General Manager, hired a consultant to design the succession plan. To prepare this plan, the consultant must take into account: the preservation of stock ownership within the family, the company's sustainability under the new CEO family member, and the assurance of the family harmony. Expected learning outcomes These include: understanding the characteristics of a family business in the Latin American context; recognizing the stages of the family ownership; and identifying personal characteristics and roles of family members in order to design the basis of the succession plan. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.

scholarly journals The Reality of Social Responsibility in Algerian Family Companies - Case Study of ETMA Company in Saida Province

2019 ◽  
Vol 3 (1) ◽  
pp. 62-75
Author(s):  
Amina AZZOUZ ◽  
Larbi GHRISSI ◽  
Mira Karima RAHMANI
Keyword(s):  
Social Responsibility ◽  
Decision Maker ◽  
Family Business ◽  
The Social ◽  
The Family ◽  
Set Up

This study aims to reflect the conception of the social responsibility with all its dimensions towards the stakeholders in the Algerian companies, in order to achieve this, we set up the family business ETMA-Saida where we conducted an interview with the director. The purpose of this interview was to determine the vision of the concept of social responsibility as it is the primary manager and decision-maker in the company, the interview allowed us to know his managerial reasoning and to know whether he is rational or emotional based on intuition.

scholarly journals Understanding Governance Mechanisms in Small and Medium Family Firms in Latin America

2021 ◽  
Vol 14 (2) ◽  
pp. 107-120
Author(s):  
Isabel Botero ◽  
Fernando Sandoval Arzaga ◽  
Brøndsted Bullock
Keyword(s):  
Latin America ◽  
Financial Performance ◽  
Latin American ◽  
Family Business ◽  
Family Firms ◽  
Governance Mechanisms ◽  
Family Governance ◽  
The Family ◽  
And Control ◽  
Formal Business

Governance mechanisms help manage, direct, and control people, resources, and the interests of those involved in a firm. In family firms, understanding the use of governance mechanisms is particularly important given their rela-tionship with the sustainability of the family and the business. Even though we know a great deal about family business governance in North America and Europe, we still know very little regarding the use of governance mechanisms in small and medium (SME) family firms in Latin America, nor do we know whether the use of governance mech-anisms impacts financial performance. To address these gaps, this paper presents the results of a survey completed by 2287 representatives of family business SMEs from 24 Latin American countries. Participants indicated the like-lihood of their using different governance mechanisms and responded to questions concerning their businesses. Our results indicate that the small and medium Latin American family firms in our study were not very likely to use formal business and family governance mechanisms, however, the use of formal business governance mechanisms was related to financial performance. The implications of these results for research and practice are discussed.

Noren Discount Stores: Death of a Family Business

1997 ◽  
Vol 10 (1) ◽  
pp. 69-93 ◽  
Author(s):  
Steven D. Goldberg
Keyword(s):  
Organizational Structure ◽  
Family Business ◽  
Succession Planning ◽  
First Generation ◽  
American Family ◽  
Business Growth ◽  
Discount Store ◽  
The Family ◽  
Discount Stores

This case is about a family-owned discount store chain that was unable to survive much beyond its founder. It tells the story of a first-generation American family and its struggle to grow and prosper in a family business during the early 1900s. The case takes the reader through the business' growth, maturity, decline, and, ultimately, its demise in 1991, which was brought about by issues such as organizational structure, the role of family in the family business, lack of succession planning, and myopic strategic planning. The author uses fictitious names, dates, and places to protect the surviving family members' privacy, and to ensure confidentiality.

Human Resources in the Family Business

2016 ◽  
Author(s):  
David Ransburg ◽  
Wendy Sage-Hayward ◽  
Amy M. Schuman
Keyword(s):  
Human Resources ◽  
Family Business ◽  
The Family

Making gender visible in family business: past and present

2012 ◽  
Vol 13 (1) ◽  
Author(s):  
Paloma Fernández Pérez ◽  
Eleanor Hamilton
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Business Leadership ◽  
Legal Rules ◽  
Developed Economies ◽  
The Family ◽  
Interdisciplinary Synthesis ◽  
Complex Forms ◽  
Rules Of The Game

This  study  contributes  to  developing  our understanding of gender and family business. It draws on studies from the business history and management literatures and provides an interdisciplinary synthesis. It illuminates the role of women and their participation in the entrepreneurial practices of the family and the business. Leadership is introduced as a concept to examine the roles of women and men in family firms, arguing that concepts used  by  historians or economists like ownership and management have served to make women ‘invisible’, at least in western developed economies in which owners and managers have been historically due to legal rules  of  the  game  men,  and  minoritarily women. Finally, it explores gender relations and  the  notion  that  leadership  in  family business  may  take  complex  forms  crafte within constantly changing relationships.

Informalitas Dalam Formalitas: Sebuah Kajian Budaya Organisasi Perusahaan Keluarga

2018 ◽  
Vol 3 (2) ◽  
pp. 200
Author(s):  
Hardiyanti Munsi ◽  
Ahmad Ismail
Keyword(s):  
Cultural Values ◽  
Family Business ◽  
Participant Observation ◽  
National Level ◽  
Ideal Types ◽  
The Family ◽  
Formal Organizations ◽  
Religious Aspects ◽  
Depth Interviews ◽  
Big Men

This article intends to identify and to describe the unique structure and the managing style that owns primordial characteristics, that is giving significance to kinship, religion, and local Bugis cultural values, which made up the cultural system of PT. Hadji Kalla family business. Theoritically, this research was inspired from Weberian perspective on the ideal types of bureaucracy, that observes organizations (in this case is the family business) as one of the socio-cultural phenomena which is neutral and value-free, that is place aside its subjective aspects. The research was conducted in two locations, the head office and one of the branch offices using qualitative approach that relies on participant observation, in-depth interviews, and literature studies. The results of the research shows that the family business of PT. Hadji Kalla that has advanced into national level still prioritizes kinship, ethnicity, and religious aspects in the daily activities of the company. The value even take parts in providing the company’s colour to the urban societies in various districts where the company stands. This means that although the society has undergone transformations, it doesn’t mean that the primordial value, and the elements that exist outside of businesses (such as kinship, big men, religion, cultural values, and interest) do not influence the activities that are held in formal organizations. Therefore, the interventions of subjective aspects will always appear, followed with the application of the modern management system that is implemented by PT. Hadji Kalla company.

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