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Resilience and Family Business Groups in Unstable Economies

In: The Family Business Group Phenomenon

Author

Listed:
  • Allan Discua Cruz

    (Lancaster University Management School)

  • Rodrigo Basco

    (American University of Sharjah)

  • Maria José Parada

    (ESADE Business School)

  • Antonio Malfense Fierro

    (University of Hull)

  • Cristina Alvarado-Alvarez

    (Universitat Autonònoma de Barcelona)

Abstract

This chapter focuses on resilience and family business groups in unstable environments. Based on Malfense Fierro (2012) model, we present four case studies from Africa, Middle East and Latin America to showcase the diverse strategic responses of family businesses to cope with such environment. These responses nurture resilience and shape strategies that impinge wealth retention and growth. Resilience is developed from diverse factors, being the family factor highly relevant. We observe a recursive interaction between the context and the response family businesses adopt through the development of family business groups. A theoretical extension of the model proposes that resilience can be explored through the way family business groups compete—their strategic position, risk management, internationalization and management of human, social and financial capital used.

Suggested Citation

  • Allan Discua Cruz & Rodrigo Basco & Maria José Parada & Antonio Malfense Fierro & Cristina Alvarado-Alvarez, 2019. "Resilience and Family Business Groups in Unstable Economies," Springer Books, in: Marita Rautiainen & Peter Rosa & Timo Pihkala & Maria José Parada & Allan Discua Cruz (ed.), The Family Business Group Phenomenon, chapter 13, pages 315-352, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-98542-8_13
    DOI: 10.1007/978-3-319-98542-8_13
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    Cited by:

    1. Discua Cruz, Allan & Hamilton, Eleanor & Campopiano, Giovanna & Jack, Sarah L., 2024. "Women’s entrepreneurial stewardship: The contribution of women to family business continuity in rural areas of Honduras," Journal of Family Business Strategy, Elsevier, vol. 15(1).

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