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BFE Model–Business, Family and Environment–as Subsystems of the Family-Owned Business in Mexico City Metropolitan Area

1
Business Department, Universidad Antonio de Nebrija, 28015 Madrid, España
2
Business School, Universidad Anahuac, Mexico City 52786, Mexico
*
Author to whom correspondence should be addressed.
Resources 2019, 8(2), 96; https://doi.org/10.3390/resources8020096
Received: 22 April 2019 / Revised: 10 May 2019 / Accepted: 14 May 2019 / Published: 16 May 2019
(This article belongs to the Special Issue Worldwide Research on Resources in Social Science)
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Abstract

This work proposes a model starting from the Three-Circle Model, based on the reality of the small and medium-sized family business sector in the Mexico City Metropolitan Area. The present paper proposes a new model that was built based on the Three Circle Model, but it is based on the reality of the Small and Medium Mexican family business sector. The model does not include the Ownership Subsystem, but it includes the Environment Subsystem, a subsystem that has a vital influence on the life and performance of an organization of that size. These three subsystems intersect in common elements such as culture, economy or company vision, triggering the success or failure of the company itself. The methodology used was a mixed methodology, with both qualitative and quantitative elements. First, the Delphi method was used on a scale that was applied to 25 owners of Small and Medium Enterprises and then, to make an additional confirmation, hypothesis testing, factorial analysis and the technique of structural equations were used. It was seen that the ownership subsystem has a lower weight than the business, environment and family subsystems, is the least relevant. View Full-Text
Keywords: business administration; three-Circle Model; small and medium-sized business business administration; three-Circle Model; small and medium-sized business
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de la Cruz Vicente, O.; López Castro, V.I.; Mata Mata, L.; Tomé Bermejo, F. BFE Model–Business, Family and Environment–as Subsystems of the Family-Owned Business in Mexico City Metropolitan Area. Resources 2019, 8, 96.

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