The influence of the family companies in the detection and development of business opportunities

Marysol Castillo Palacio, Alexander Zuñiga Collazos

Research output: Contribution to journalArticlepeer-review

Abstract

Family businesses can have an important role in many economies, hence the growing interest in his research (Kraus et al., 2012) under the entrepreneurship. This type of company refers to a business that is managed or operated by a dominant coalition which is controlled by members of one family or a few families in a way that is potentially sustainable across generations of a family (Chua et al., 1999). The exposure of an individual to the previous family business affects their entrepreneurial intention (Carr and Sequeira, 2007) and allow to develop and improve their business skills (Cross et al., 2012). In this study is analyzed the importance of the "family tradition" and "identifying opportunities" in the creation of new businesses for individuals from business families.
Original languageEnglish
Pages (from-to)1-1
Number of pages1
JournalEspacios
Volume37
Issue number10
StatePublished - 1 Jan 2016

Keywords

  • Business opportunity
  • Entrepreneurship
  • Family business
  • Medellin

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