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Research Article

Academia Journal of Scientific Research 9(8): 150-159, November 2021
DOI: 10.15413/ajsr.2021.0703
ISSN 2315-7712
©2021 Academia Publishing

Abstract


Diagnosis for the improvement of the management of a small family business through a case study

 

Accepted 26th October, 2021
 


María-Jesús Luengo-Valderrey*, Nagore Embeita Izaguirre

Department of Economics and Management, Universidad del País Vasco/Euskal HerrikoUnibertsitatea (University of the Basque Country), C/Elcano, 21, 48008, Bilbao, Bizkaia, Spain.
 


Family businesses account for 80-90% of the world's business fabric and around 90% are SMEs. Having skilled managers to manage them is therefore essential. However, higher education training tends to be generic and aimed at large companies. This study presents a case study aimed at specific training to manage SME family businesses. The case study considers the evolution of a small family business. Students must apply their knowledge to analyse the situations and decisions of its manager and propose actions to improve its management. They thus acquire significant knowledge and develop the main soft skills –teamwork, analysis and synthesis, fluent communication – demanded by today's companies. The result is a group of adequately trained professionals to take up the reins of this type of company and with a high degree of satisfaction with the training received.


Key words: Management, family business, SMEs, case study.
 

This is an open access article published under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Cite this article as:

Luengo-Valderrey MJ, Izaguirre NE  (2021). Diagnosis for the improvement of the management of a small family business through a case study. Acad. J. Sci. Res. 9(8): 150-159.

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