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Pilar Ortiz García
Department of Sociology and Social Work, Faculty of Economics and Business, University of Murcia, Murcia (Spain)
Spain
Ángel Olaz Capitán
Department of Sociology and Social Work, Faculty of Economics and Business, University of Murcia, Murcia (Spain)
Spain
Juan Monreal Martínez
Department of Sociology and Social Work, Faculty of Economics and Business, University of Murcia, Murcia (Spain)
Vol. 4 No. 2 (2014), Research Paper
DOI: https://doi.org/10.24310/ejfbejfb.v4i2.5051
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Abstract

The influence of the family on a business, its commitment to the company and the values it conveys form a capital capable of influencing the global development of a business. This research analyzes family capital and in particular its cultural components as a resource influencing the direction of the company.

Corporate culture as a guiding philosophy for family business strategy is a key factor in its success. In short, the cultural capital of a family business is a capacity for empowerment. The sharing of values and an agreed definition of the business mission and its beliefs exert an element of cohesion among its human resources giving competitive advantage. The issue is to understand how business performance is influenced. 

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