Family and cultural capitalthe perspective of familiness

  1. Ortiz García, Pilar 1
  2. Olaz Capitán, Ángel 1
  3. Monreal Martínez, Juan 1
  1. 1 Universidad de Murcia
    info

    Universidad de Murcia

    Murcia, España

    ROR https://ror.org/03p3aeb86

Journal:
Revista de Empresa Familiar

ISSN: 2174-2529

Year of publication: 2014

Volume: 4

Issue: 2

Pages: 47-59

Type: Article

DOI: 10.24310/EJFBEJFB.V4I2.5051 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Revista de Empresa Familiar

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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