Succession Model for Family Businesses in the Highway-Building Field
DOI:
https://doi.org/10.18533/ijbsr.v4i1.311Keywords:
Family business, building sector, generational transitionAbstract
Family businesses comprise 90% of production in Mexico’s building sector, and are complex because of continuous uncertainty in their management and operations. This paper investigates building companies, specifically highway-building companies, because they provide employment to non-highly educated people in Mexico, who cannot easily access other employment opportunities. Moreover, this sector helps regional economic development in general. This work is a descriptive and non-experimental transversal study. Data were collected by surveying the owners and interviewing their children who work as managers in such companies. The results indicate that the educated population under study is mainly found in the first generation and that they do not consider formal assessment in realizing a generational transition plan. This study contributes to the literature by proposing a transition model which describes the environments, causes, participants and strategies necessary to enable generational transition for these particular family companies; however, it may be adapted for other companies in analogous contexts.
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