The Family Business and Its Current Situation in Mérida, Yucatán

  • Olivia Jiménez Diez Universidad Autónoma de Yucatán
  • Ruth N. Ojeda López Universidad Autónoma de Yucatán
  • Jennifer Mul Encalada Universidad Autónoma de Yucatán
  • Leonor E. López Canto Universidad Autónoma de Yucatán

Abstract

This research is quantitative, descriptive, non-experimental, and cross-sectional. The general objective was to carry out a diagnosis of family businesses in the city of Mérida, Yucatán. To this end, the following aspects were considered: demographic data, challenges and priorities, ownership, succession planning and executive compensation, and conflict resolution. And the instrument developed by San Martín and Durán (2017) was used, whose Cronbach's alpha for this research was 0.768. The results show three large areas of opportunity for family businesses: 1) the development of strategic planning, since 37.8 % of the representatives of the companies surveyed say they have a written document in this regard; 2) the development and implementation of a succession plan, since 41% have one and it is a vital tool for permanence in the market, and 3) the definition and implementation of a protocol, since only 21 % of the companies respondents have one and it is precisely this document that shows the family consensus and prevents the company and the family itself from being worn down.

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Published
2022-04-04
How to Cite
Jiménez Diez, O., Ojeda López, R. N., Mul Encalada, J., & López Canto, L. E. (2022). The Family Business and Its Current Situation in Mérida, Yucatán. RICSH Iberoamerican Journal of Social and Humanistic Sciences, 11(21), 66 - 94. https://doi.org/10.23913/ricsh.v11i21.277
Section
Research Articles