The winner of the Alberto Alberdi Prize, Paula Martínez Sanchís, explained to us the characteristics of the family business in the Basque Autonomous Community.
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Family businesses in the Basque Country are characterized by their dimension “extremely small” compared to the rest of Europe. Paula Martínez Sanchís, winner of the Alberto Alberdi Prize for her dissertation on family businesses, gave us a X-ray of the family business on the territory.
On the one hand, their size allows them to have more flexibility and agility be more in the face of financial crises independentto be older cost efficiency finance or manage their resources more efficient.
On the contrary, their size makes them most vulnerable facing financial crises.
According to Paula Martínez Sanchís, several studies indicate that the majority of family businesses are in transition first and the second generation.
In another order of things, he points out that the work of family businesses little recognized.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
