{"id":23274,"date":"2022-12-02T14:18:19","date_gmt":"2022-12-02T19:18:19","guid":{"rendered":"https:\/\/mundoitam.com\/2023\/04\/26\/25-years-of-family-businesses-in-itam\/"},"modified":"2023-04-26T14:21:43","modified_gmt":"2023-04-26T19:21:43","slug":"25-years-of-family-businesses-in-itam","status":"publish","type":"post","link":"https:\/\/mundoitam.com\/en\/2022\/12\/02\/25-years-of-family-businesses-in-itam\/","title":{"rendered":"25 Years of Family Businesses in ITAM"},"content":{"rendered":"<p>On november 10th the celebration of 25 years of Family Businesses in ITAM and the presentation of the 5th edition of the book: <strong><em>Family businesses: dynamic, balance and consolidation<\/em>.<\/strong> The event was organized by the <strong>Center of Family Business Development<\/strong> in the Raul Bailleres Hall.<\/p><div class=\"mundo-contenido\" style=\"margin-top: 20px;margin-bottom: 20px;\" id=\"mundo-1723680188\"><style type=\"text\/css\">\r\n .ad-square h3 { \r\n\tfont-size: 11px;\r\n    font-weight: 300;\r\n    letter-spacing: 2.3px;\r\n    color: #6a6c6e;\r\n    font-weight: normal;\r\n    margin: 18px 0;  \r\n\tfont-family: \"Lato\", \"Helvetica Neue\", Helvetica, Arial, sans-serif;\r\n\t}\r\n<\/style>\r\n\r\n<!--<center> <div class=\"ad-square\">\r\n\t\t\t\t\t\t\t<h3>ANUNCIO<\/h3>\r\n<a href=\"https:\/\/noche.itam.mx\/\" target=\"_blank\"><img decoding=\"async\" width=\"300\" src=\"https:\/\/mundoitam.com\/wp-content\/uploads\/2021\/11\/noche-itam-v2.png\" alt=\"Anuncio\" style=\"border: none; display: block;\"><\/a>\r\n\r\n<\/div> <\/center>--><\/div>\n<p>Initially, Dr. Imanol Belausteguigoitia Rius, <a href=\"http:\/\/cedef.itam.mx\" target=\"_blank\" rel=\"noopener\"><strong>Director of the Center of Family Business Development<\/strong><\/a>, gave an introduction to the event and a warm welcome to the entire audience. The event was attended by professors, heads of departments, students, collaborators and different members of the community interested in listening to the lectures and book presentation.<\/p>\n<h2><strong>Management and Succession in Family Businesses<\/strong><\/h2>\n<figure id=\"attachment_21933\" aria-describedby=\"caption-attachment-21933\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-21933\" src=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=700%2C467&#038;ssl=1\" alt=\"\" width=\"700\" height=\"467\" srcset=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=960%2C640&amp;ssl=1 960w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?resize=450%2C300&amp;ssl=1 450w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0304.jpg?w=3000&amp;ssl=1 3000w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-21933\" class=\"wp-caption-text\">Professor Belausteguigoitia in the event&#8217;s opening. ITAM photography<\/figcaption><\/figure>\n<blockquote><p>&#8220;In businesses no only love exists, but love can triumph. In families affection and forgiveness can end with conflicts&#8221;, Belausteguigoita stated in the welcome.<\/p><\/blockquote>\n<p>Subsequently, <strong>Francisco P\u00e9rez Gonz\u00e1lez<\/strong>, Dean of the <strong><a href=\"http:\/\/daac.itam.mx\" target=\"_blank\" rel=\"noopener\">Division of Business Administration and Accounting<\/a><\/strong>, spoke about the management and succession of Family businesses. He pointed out that Mexico has many challenges, because it faces a low productivity in companies and low salaries, which causes a low economic growth. Likewise, Dr. P\u00e9rez Gonz\u00e1lez stated that <strong>9 out of 10 companies in Mexico are family businesses<\/strong>, which means that <strong>transforming Mexico is transforming family businesses.<\/strong> Also, he assured that Mexico has a great potential and family businesses are the backbone of our economy.<\/p>\n<p>Lastly, he commented that family businesses are world class competitors, that succession of roles implies plenty of analysis and work and that management of these companies requires of <strong>talent from within and outside the families<\/strong> in critical roles for a better performance. &#8220;I would like to congratulate professor Belausteguigoitia and the whole team of the Center for Family Businesses Development for their hard work. (&#8230;) I strongly recommend you read the book <strong><em>Family Businesses: dynamic, balance and consolidation<\/em>&#8220;,<\/strong> P\u00e9rez Gonz\u00e1lez concluded.<\/p>\n<figure id=\"attachment_21936\" aria-describedby=\"caption-attachment-21936\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-21936\" src=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=700%2C467&#038;ssl=1\" alt=\"Imanol Belausteguigoitia, from CEDEF and Francisco P\u00e9rez, Director of the DAAC, celebrating the 25 years of Family Businesses. ITAM photography.\" width=\"700\" height=\"467\" srcset=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=960%2C640&amp;ssl=1 960w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?resize=450%2C300&amp;ssl=1 450w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0311.jpg?w=3000&amp;ssl=1 3000w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-21936\" class=\"wp-caption-text\">Imanol Belausteguigoitia, from CEDEF and Francisco P\u00e9rez, Director of the DAAC, celebrating the 25 years of Family Businesses. ITAM photography<\/figcaption><\/figure>\n<h2><strong>Family Businesses Performance in the Mexican Stock Exchange<\/strong><\/h2>\n<p><strong>Mariana Maldonado Sansores<\/strong>, Researcher from the Center for Family Businesses Development, then took the stand and emphasized that family businesses are vital in <strong>job creation and economic growth in out country<\/strong>. &#8220;A big percentage of the companies that are listed on the Mexican Stock Exchange are family businesses and, on the other hand, the majority of the organizations in Mexico are family-owned, therefore, their study is so important in the context of Mexico&#8221;, Maldonado commented.<\/p>\n<p>During the lecture, the importance of <strong>correctly defining<\/strong> the Family Businesses was emphasized, due to being very common to have a wrong definition of it. Therefore, in the studies presented, it was defined as follows:<\/p>\n<blockquote><p>&#8220;In this study a family business is defined as that whose founder or relative, by blood or by marriage, is a member of the management team, board of directors or holder of at least 5% of the company&#8217;s capital, individually or as a group &#8220;. (Villalonga and Amit, 2006)<\/p><\/blockquote>\n<p>Subsequently, a comparison of the business performance between family businesses and non-family businesses was performed. The results obtained were interesting for the whole audience, because contrary to what many believed, <strong>family businesses got better numbers than non-family businesses in four different points<\/strong>: ROA, ROE, Growth and Debt (being lower in this last one), showing a clear advantage of the first ones over the second ones.<\/p>\n<figure id=\"attachment_21938\" aria-describedby=\"caption-attachment-21938\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-21938\" src=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=700%2C467&#038;ssl=1\" alt=\"\" width=\"700\" height=\"467\" srcset=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=960%2C640&amp;ssl=1 960w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?resize=450%2C300&amp;ssl=1 450w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0331.jpg?w=3000&amp;ssl=1 3000w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-21938\" class=\"wp-caption-text\">Mariana Maldonado Sansores talking about the importance of Family Businesses in Mexico. ITAM photography<\/figcaption><\/figure>\n<h2><strong>Presentation of the 5th edition<\/strong><\/h2>\n<p>Minutes later, professor Imanol Belausteguigoitia did the presentation of the 5th edition of his book. In which affirmed some of the distinctions reached in the present edition, where the following stand out: <strong>his book is the most cited in the spanish world on the subject. <\/strong>In addition,<strong>, <\/strong>in 2021 it was ITAM&#8217;s most read scientific article in electronic media and has a prologue by Daniel Servitje (president and general director of Bimbo), these distinctions make him and his team proud.<\/p>\n<p><em><strong>Family Businesses: dynamic, balance and consolidation <\/strong><\/em>its divided in 4 sections: &#8220;Nature of the Family Business&#8221;, &#8220;Human Relations&#8221;, &#8220;Professionalism&#8221; y &#8220;Continuity in family businesses&#8221;. The main novelties in this edition are in the chapter about <strong>growth in adversity and the addition of an appendix that comprehends all the models discussed in the book.<\/strong> The scientific focus, strategic and human of this work makes the perspective <strong>comprehensive and its application eminently practical.<\/strong><\/p>\n<blockquote><p>&#8220;The book was written to meet the public in general needs, as well as of student of different business areas (&#8230;) Currently there is a project to translate the book to chinese and, in consequence, get it to be an even more read and consulted book around the world&#8221;, Dr. Belausteguigoitia shared.<\/p><\/blockquote>\n<figure id=\"attachment_21944\" aria-describedby=\"caption-attachment-21944\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-21944\" src=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=700%2C467&#038;ssl=1\" alt=\"\" width=\"700\" height=\"467\" srcset=\"https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=960%2C640&amp;ssl=1 960w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?resize=450%2C300&amp;ssl=1 450w, https:\/\/i0.wp.com\/mundoitam.com\/wp-content\/uploads\/2022\/12\/DSC_0335-1.jpg?w=3000&amp;ssl=1 3000w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-21944\" class=\"wp-caption-text\">Presentation of the book&#8217;s fifth edition. ITAM photography<\/figcaption><\/figure>\n<h2><strong>Round Table: Gender in the management and continuity of Family Businesses<\/strong><\/h2>\n<p>Lastly, a round table called &#8220;gender in the management and continuity of Family Businesses&#8221; took place. With the participation of <strong>Jayat Gonz\u00e1lez<\/strong>, student of the undergraduate programs of <a href=\"http:\/\/actuaria.itam.mx\" target=\"_blank\" rel=\"noopener\">Actuarial Science<\/a> and <a href=\"http:\/\/matematicas.itam.mx\" target=\"_blank\" rel=\"noopener\">Mathematics<\/a>; <strong>Norma Aize,<\/strong> General Manager of Entretexturas; <strong>Sylvia Meljem<\/strong>, Chair of the <a href=\"http:\/\/departamentodecontabilidad.itam.mx\" target=\"_blank\" rel=\"noopener\">Department of Accounting<\/a> and <strong>Mariana Maldonado<\/strong>, Researcher at the Center of Family Businesses Development. Moderated by professor Imanol, the round table had the purpose of <strong>share their experiences, points of view and anecdotes related to the corporate world and their relation with the corporate world.<\/strong><\/p>\n<div class=\"mundo-despues-del-contenido\" id=\"mundo-2854663857\"><style type=\"text\/css\">\r\n .ad-square h3 { \r\n\tfont-size: 11px;\r\n    font-weight: 300;\r\n    letter-spacing: 2.3px;\r\n    color: #6a6c6e;\r\n    font-weight: normal;\r\n    margin: 18px 0;  \r\n\tfont-family: \"Lato\", \"Helvetica Neue\", Helvetica, Arial, sans-serif;\r\n\t}\r\n<\/style>\r\n\r\n<center> <div class=\"ad-square\">\r\n\t\t\t\t\t\t\t<h3>ANUNCIO<\/h3>\r\n<a href=\"https:\/\/aspirantes.itam.mx\/proceso-admision\/?utm_source=itam&utm_medium=mundoitam&utm_campaign=organico\" target=\"_blank\"><img decoding=\"async\" width=\"800\" src=\"https:\/\/mundoitam.com\/wp-content\/uploads\/2021\/06\/banner-aspitantes-1.png \" alt=\"Anuncio\" style=\"border: none; display: block;\"><\/a>\r\n\r\n<\/div> <\/center> <\/div>","protected":false},"excerpt":{"rendered":"<p>On november 10th the celebration of 25 years of Family Businesses in ITAM and the presentation of the 5th edition of the book: Family businesses: dynamic, balance and consolidation.<\/p>\n","protected":false},"author":10,"featured_media":21943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[579147058],"tags":[579147722,579147721,579147719,579147720,579147717,579147718,579147724,579147723,579147725,579147716],"class_list":["post-23274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-post","tag-25-years-of-family-businesses","tag-cedef-itam-en","tag-center-of-family-businesses-development","tag-department-of-accounting","tag-division-of-business-administration-and-accounting","tag-imanol-belausteguigoitia-en","tag-jayat-gonzalez-en","tag-mariana-maldonado-en","tag-norma-aize-en","tag-sylvia-meljem-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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