The Importance of Leadership, Corporate Climate, Use of Resources, and Strategic Planning in Family Business

Abstract

This chapter deals with the significance and interaction of four key elements for the development of the family business: on the one hand, the leadership and the working environment as human elements, and on the other hand, the resource management and strategic planning. After reviewing some literature, the authors concluded that family business, through their socioemotional wealth (SEW), emotional intelligence (EI), and social intelligence (SI), generate an interaction between these four variables which results in a model centered on the socioemotional intelligence (SEI). The SEI is the main pillar of family businesses, as these are classified in four types: the fearful, the curious, the careful, and the focused.