The internationalization of a family business group

Abstract

Titl e Th e In t e r n a tio n aliz a tio n of a F a mily B u si n e s s G r o u p: T h e O w n e r s hi p, t h e L e a d e r s hi p a n d t h e i m p o r t a n c e of t h e S o cio-E m o tio n al We alt h Di m e n sio n s Typ e Articl e U RL h t t p s:// u al r e s e a r c h o nli n e. a r t s . a c. u k/id/ e p ri n t/ 1 4 9 4 5/ D a t e 2 0 1 7Cit a tio n D ell a Pi a n a , Bic e a n d Vecc hi, Ale s s a n d r a (2 0 1 7) Th e In t e r n a tio n aliz a tio n of a F a mily Bu si n e s s G ro u p: Th e O w n e r s hi p, t h e L e a d e r s hi p a n d t h e i m p o r t a n c e of t h e S o cio-E m o tio n al We alt h Di m e n sio n s. M a n a g e m e n t R e s e a r c h: Jou r n al of t h e Ib e r o a m e ri c a n Aca d e m y of M a n a g e m e n t, 1 5 (4). p p. 3 8 0-4 0 4. IS S N 1 5 3 6-5 4 3 3 C r e a t o r s D ell a Pi a n a , Bic e a n d Vecc hi, Ale s s a n d r a U s a g e G u i d e l i n e s Pl e a s e r ef e r t o u s a g e g ui d eli n e s a t h t t p:// u al r e s e a r c h o nlin e. a r t s. a c. u k/ p olici e s. h t ml o r al t e r n a tiv ely c o n t a c t u al r e s e a r c h o nli n e@ a r t s. a c. u k . Lic e n s e: C r e a tiv e Co m m o n s Att ri b u tio n N o n-c o m m e r ci al N o D e riv a tiv e s U nl e s s o t h e r wi s e s t a t e d, c o py ri g h t o w n e d by t h e a u t h o r Abstract Purpose The purpose of this paper is to provide some illustrative evidence in order to understand the distinctive forms of governance implemented by a well-established Family Business Group (FBG) and to highlight the relative importance given to the different dimensions of Socio-Emotional Wealth (SEW) during the internationalization process. Methodology Drawing on multi-level and longitudinal data the research provides in-depth insights into how the affiliated firms are linked to the focal firm; how the founding family in a large FBG organizes the top leadership roles spanning multiple countries; and whether the inter-organizational and inter-personal networks change over time and which are the most important items representing the SEW dimensions. FindingsFrom the findings, it emerges that family ownership, family leadership and the presence of trusted people are pivotal actors in the FBG's internationalization process. OriginalityThe originality of the research stems from its contribution in that despite providing illustrative evidence base on a single case study, the findings offer additional insights into the importance of, and the instrumental role played by, SEW preservation as a perspective to explain FBGs' internationalization. Abstract in Spanish PropósitoEl propósito de este trabajo es aportar alguna evidencia ilustrativa para entender las formas distintivas de gobernabilidad implementadas por un Grupo de Negocios Familiares (GNF) bien establecido y resaltar la importancia Page 1 of 31 Management Research, The Journal of the Iberoamerican Academy of Management Originalidad La originalidad de la investigación se deriva de su contribución, ya que a pesar de proporcionar evidencia ilustrativa...

Family vs non family networks: Chile, Mexico and Peru

“…Trusted advisors can act as impartial third Family vs nonfamily networks parties in solving disputes among family members. Family business executives can also seek advice and counsel from these advisors who have experience in FF contexts (Hillman and Dalziel, 2003;Della Piana and Vecchi, 2017). Social capital gained by FFs from external sources could also enhance their internal capabilities and increase organizational performance (Herrero and Hughes, 2019).…”