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Measuring familiness in private family firms : a bayesian network model

2018 , Dávila-Aragón, Griselda , Ramírez Pérez, Héctor Xavier , Rivas Aceves, Salvador

The objective of this analysis was to identify the causality among variables that originate the highest level of familiness in private family firms. The Bayesian Networks (BN) theory was applied to measure the effectiveness of resources and capabilities provided by the family members within a family business to understand causal relations among variables by using probabilistic reasoning throughout a graphic. Re­sults showed that if salary of family members was higher than salary of employees in the same position, if family members shared information among themselves, and if family firms presented family-employee bonds, there was an 83%, 70%, and 79% of probability of having a high level familiness, respectively. The limitation of the study is that any modification in the BN might show different outcomes. These findings expand the knowledge on family business discipline and suggest a path for family business’ leaders to increase familiness. If family firms want to strengthen their competitive advantage, the main variables they should focus, among all the resources and capabilities that represent familiness, are salaries of family members, sharing information, and family-employee bonds.

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Survival Likelihood of Micro and Small Businesses Facing a Catastrophe

2021 , Dávila-Aragón, Griselda , Rivas Aceves, Salvador , Ramírez Pérez, Héctor Xavier

This chapter proposes a measurement methodology throughout a Bayesian Network to quantify the survival probability of micro and small enterprises (MSEs) facing a catastrophic event, and to assess if a Business Continuity Plan (BCP) is a unique alternative to prevent companies from bankruptcy. Empirical evidence for a developing country shows the majority of companies are MSEs and without enough knowledge about a BCP; therefore, the likelihood of businesses’ survival will depend on BCP and several other elements that should be taken into account for owners when making decisions towards negative effects of catastrophic events. Results showed that for MSEs businesses with high face-to-face customer interaction, a BCP might be useful as well as the experience in crisis of the management team, but not as the only variable.

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Innovation and internationalization : Grupo Lorsa : A family firm that found innovation from within

2018 , Ramírez Pérez, Héctor Xavier , Jimenez-Castillo, Luis , Rivas Aceves, Salvador

In 2015, Mexico and Brazil had been the countries with the highest growth rates, reaching a gross domestic product (GDP) of USD$1.21 and US$2.3 trillion respectively, versus other countries such as Argentina, Chile, and Peru. During the first forty years, the main business in Lorsa consisted of selling equipment for laundries and dry-cleaners. The first attempt of the company started in 1953 in Guadalajara by its founder Luis Ousset, an entrepreneur who had worked as an employee and independent advisor in the dry-cleaning sector in Guadalajara and Mexico City for eleven years before starting his own business. He got married in 1951, and had seven children. The children were involved in the company since a young age. Even though all four sons were working in the company, it seemed that the first successor was going to be Luis Jr. He was in charge of key accounts for Lorsa and was the most important sales agent. © 2019 Taylor & Francis.