Dr. Llanos-Contreras, Orlando

Natural disasters are becoming more frequent and severe and pose a threat to family firms' survival. It is important to address the rarely examined question of how the variables of socioemotional wealth importance (SEWi) and entrepreneurial orientation (EO) interact to influence the performance of family businesses in a post-disaster scenario. This study is based on a sample of 307 family businesses that suffered damage as a result of the 2010 earthquake in the Province of Concepción, Chile. Comparative analysis was performed using partial least squares structural equation modeling (PLS-SEM) and qualitative comparative analysis (QCA). The PLS-SEM results support all study hypotheses. The QCA results yield five models that explain post-disaster performance. The model with the greatest coverage includes the EO variables of competitive aggressiveness, internal innovativeness, and external innovativeness. However, SEWi is relevant in terms of its interaction with the rest of the variables in three of the five models.

The purpose of this paper is to determine how family and business priorities influence organisational decline and turnaround in a family business. Design/methodology/approach – Following critical realism as philosophical orientation, this research is based on an exploratory single case study. Findings–This research identified specific socioemotional wealth priorities driving is organisation decline and turn around. The study also determined how the family and business Dynamic leads to decisions that first trigger the organisational decline and then explain the successful implementation of turnaround strategies. Research limitation/implications – Findings of this research provide limited and contingent theoretical generalisation. Accordingly, replication and further quantitative research is required for a better understanding of this phenomenon. Practical implications – Managers can benefit from this paper by noting which behaviour could lead to organisational decline and which factors could lead to a turnaround. Similarly, managers can learn about the importance of the alignment of socioemotional wealth priorities as a critical response factor to determine whether to follow exit strategies or turnaround (succession) actions. Originality value – The study contributes to the organisational decline literature and family business literature. It advances the understanding of how family businesses should balance family and business priorities to avoid organisational decline and identify strategies success fully implemented for turning around.

The purpose of this study is to determine whether the image transfer theory and the elaboration likelihood model can provide a theoretical framework capable of assessing the influence of consumers’ product involvement and family firms’ identity communication through websites on consumer responses. This research conducted an experiment using an eye‐tracking technique measuring attention to family and nonfamily corporate websites. The procedure involved 120 participants. Consistent with the image transfer theory, family firms’ identity through websites positively impacts attitude toward the website and intention to buy. Additionally, the attitude toward the website affects the relationship between family firms’ identity through websites and the intention to buy. In line with the elaboration likelihood model, consumers’ product involvement negatively impacts the relationship between family firms’ identity through websites and intention to buy.

Es relevante entender cómo incorporar la competencia emprendedora en los programas de formación en emprendimiento, ya que la dinámica de emprendimiento e innovación influye al crecimiento económico. Esta investigación busca determinar qué actitudes y habilidades de las que conforman la competencia para emprender adquieren los estudiantes que participan de un programa de educación en emprendimiento e innovación. También se identifican variables determinantes de la evolución de la actitud emprendedora auto percibidas. El programa deformación sujeto de esta investigación sigue una metodología de aprendizaje experiencial a través de proyectos. Esta investigación cualitativa de carácter exploratorio está basada en un enfoque constructivista-interpretativo. Mediante datos recolectados por medio de entrevistas individuales y grupos focales, se analiza la evaluación de las autopercepciones de 38 estudiantes sobre los cambios experimentados durante el proceso formativo. Los resultados confirman que los estudiantes reconocen una influencia positiva del programa de formación en su competencia para emprender, específicamente en el aprovechamiento de la colaboración, la generación de ideas, la autoconfianza y el desarrollo personal, asunción de riesgo y necesidad de logros. Así, esta investigación lleva a recomendar promover programas que incluyan metodología de proyectos y experiencia directa con emprendedores, punto de partida para desarrollar este tipo de comportamientos.

Purpose: The purpose of this paper is to provide a tool for the integration of knowledge and the development of students’ capacities for analysis in the area of strategic management of companies. Mall Connection is a Chilean company that has developed mainly in the business of the commercialization of technological devices and their accessories. From this base, it has constructed a portfolio of related business and currently has expansion into neighbouring countries as one of its most important challenges. Design/methodology/approach: The case has been developed from primary sources of information, in-depth interviews with the management team of the company and secondary information obtained mainly from the Passport Euromonitor database. This information was processed, analysed and presented in the document so as to give support to the learning outcomes defined in the teaching notes. Findings: The breadth of the case offers flexibility in its application in corporate strategy and business courses. It allows external and internal competitive analysis of the strategy of the company. One central aspect is that it requires students to integrate the theory learnt in their courses with the practical experience described in the case to propose answers to the questions asked. Originality/value: The case is of great value in motivating the learning in MBA students and in courses of business strategy at undergraduate level. It is an original case that allows students to know experiences of entrepreneurship and strategic management in a Latin American context.

The objective of this study is to determine the socioemotional priorities that influence the entrepreneurial behaviour of family businesses. The sample includes 214 small and medium-sized family firms in the region of Biobío in Chile. The analysis methods include partial least squares (PLS) and qualitative comparative analysis (QCA). The results obtained through PLS show the direct influence of corporate reputation and social ties on entrepreneurial behaviour. In addition, QCA shows how the presence and/ or absence of different socioemotional variables determine entrepreneurial behaviour. Consequently, the study proposes new ways of measuring socioemotional wealth and identifies antecedents of entrepreneurial behaviour in family businesses.

This paper explores the relationship between the nature of shocks (family vs. business related), the relative importance of socioemotional wealth importance (SEWi) dimensions (family prominence, enrichment and continuity), and the entrepreneurial orientation (EO) of family firms over time. An exploratory multiple case research based on critical realism was conducted to theorize on how shocks define socially constructed time, which in turn explains the social dynamic behind family firms’ priorities and routines exposing EO. By integrating socioemotional wealth (SEW) framework to time and routine framework from organizations studies, it is proposed that shocks determine the formation and speed of evolution of estuaries of time in family firms. This also explains which are the priorities driving decisions of change or stability within these firms as well as the social and emotional dynamic between the family and the businesses explaining changes in EO.

Ibero-America has been getting increasing attention from scholars in the last few years. Thus, management, finance and marketing research on firms and market functioning in countries from this region has been published in leading journals (e.g. De-la-Hoz and Pombo, 2016; Gomez-Mejia et al., 2007; Jimenez-Jimenez and Sanz-Valle, 2011). To keep learning about the “Challenges and Trends in Management for Ibero-America” is important for supporting new research on studies from Ibero-American countries. For building theory, contributions to this topic should not only respond to unsolved questions on the current literature, but also identify new challenges in terms of theoretical gaps, methods and new areas of research (Easterby-Smith et al., 2012; Eisenhardt and Graebner, 2007; Martinez et al., 2011). Hence, articles within this special issue have been selected looking to meet these criteria. This special issue published eight articles presenting the work of nineteen scholars from eighteen universities of ten different countries. These articles relate to topics on general management, sport management, knowledge management, marketing and finance. The articles’ approaches include quantitative approach based on primary data (survey), a quantitative approach based on secondary information, a qualitative multimethod approach, a mixed method combining qualitative content analysis with quantitative data analysis, a mixed method but using regression and qualitative compared analysis and an experimental design.