Fit for the Future? The Cultural DNA of Spanish and Latin American Family Businesses

Authors

DOI:

https://doi.org/10.24310/ejfbejfb.v11i1.12846

Keywords:

Family Firm, Cultural DNA, Environment
Agencies: NO

Abstract

We use the metaphor of biological DNA and its essential building blocks to describe generic and specific family business cultures and suggest that Spanish-speaking or "Latin" family businesses inherited four key cultural DNA building blocks—Trust, Loyalty, Authority and Justice—from historical Roman times. Like biological DNA, family businesses are forced to change when its environment changes. In this context, we discuss recent changes representing paradigm shifts to which family businesses relying on “Roman DNA” must adapt in order to be fit for the future. We draw upon our firm's 30 years of work consulting to Latin family businesses and present a wide range of supporting cases and stories.

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References

Anonymous (1207). El Cantar del mio Cid.

Dostoevsky, F. (2016) The Grand Inquisitor (trans. Constance Garnett), Martino Fine Books.

Feliu, N. and Labaki, R. (2020). Leading the Family Business with purpose. Family Business United, 49-50.

Lansberg, I (2009). Ruling vs. Governing. Family Business Magazine, Autumn, 2009.

Landaw, J.L. (2020). How diverse is your Board, really? Harvard Business Review, June, 2020.

Schein, E.H. (1985). Organizational culture and leadership, San Francisco: Jossey Bass.

Shakespeare, W. (2004). 1564-1616. Henry V. New York: SparkNotes.

Tacitus (1956) The Annals of Imperial Rome (trans. Michael Grant), Penguin.

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Published

2021-06-17

How to Cite

Valera, P., Feliu, N., & Lansberg, I. (2021). Fit for the Future? The Cultural DNA of Spanish and Latin American Family Businesses. European Journal of Family Business, 11(1). https://doi.org/10.24310/ejfbejfb.v11i1.12846

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Section

Essay and Commentary