Intergenerational Flourishing: Sharing Knowledge from Generation to Generation in Mexican Family Business Groups

Fernando Sandoval-Arzaga, María F. Fonseca, Maria José Parada

Research output: Book chapterChapterpeer-review

Abstract

Sharing and integrating knowledge among generations is essential because it contributes to the continuity of Family Business Groups (FBGs). In this chapter, we explore the impact of sharing knowledge mechanisms among generations in three Mexican FBGs that allow them to flourish intergenerationally. We identified three sharing knowledge mechanisms (knowing that, knowing how, and collective knowing) and their respective strategies that are necessary in order to allow knowledge to flow in FBGs. Intergenerational flourishing is a dynamic process based on four sets of competencies (Governance and Leadership, Family Entrepreneurship, Intergenerational Culture, and Ownership and Legacy) that enterprising families that govern the FBG should develop. In this study, we can observe the impact of knowledge-sharing mechanisms and their strategies in each of these four competencies. The implications of these results for research and practice are discussed.

Original languageEnglish
Title of host publicationThe Palgrave Handbook of Managing Family Business Groups
PublisherSpringer International Publishing
Pages517-547
Number of pages31
ISBN (Electronic)9783031132063
ISBN (Print)9783031132056
DOIs
Publication statusPublished - 1 Jan 2022

Keywords

  • Family business groups
  • Intergenerational flourishing
  • Knowledge in enterprising families
  • Mexican family firms
  • Sharing knowledge mechanisms

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