Heritage and Legacy in Small Family Firms in Latin America

Abstract

Family businesses in Latin America often have deep roots and play a significant role in the region's economy. The heritage and legacy of small family businesses in Latin America can be understood through several key aspects. One is the historical context; many small family businesses in Latin America have a long history that spans several generations. Another is influenced by the region's rich and diverse cultural heritage. Cultural values, such as a strong sense of family, community, and tradition, can shape the decision-making processes within these businesses, as well as the adaptation to Economic Challenges. At the same time, Latin America has faced economic challenges and fluctuations over the years. Small Family businesses in the region have often demonstrated resilience and adaptability in navigating economic uncertainties. In this Special Issue about Heritage and Legacy in Small Family Firms in Latin America, we have assembled a compilation of articles by researchers who interact closely with business families throughout Latin America. Building on a collaborative research framework involving authors from several countries, this effort accounts for the increasing number of family business studies in Latin America. The authors explore diverse issues and processes within family businesses in the region.