A Sustainable Business Incubation Model Focused on Family Firms: The Case of Mexico

A Sustainable Business Incubation Model Focused on Family Firms: The Case of Mexico

Irma Leticia Chávez-Márquez, Carmen Romelia Flores-Morales, Ana Isabel Ordóñez Parada, Luis Raúl Sánchez-Acosta
Copyright: © 2019 |Pages: 19
DOI: 10.4018/978-1-5225-8012-6.ch020
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Abstract

Entrepreneurship is a trigger for growth and development in the global economy. Nowadays, business incubators centers have grown in importance to promote start-up programs and different services aimed to consolidate and grow new business initiatives. The objective of this research was to define an entrepreneurial model based on the best practices of the Business Incubator Center of the Accounting and Administration School at the Autonomous University of Chihuahua in Mexico. A survey of registered companies in incubation between May 2015 and July 2018 was conducted. The main results were divided into two stages, considering 101 and 318 companies, respectively. Correlations and regression analyses in this study indicate no differences in gender regarding entrepreneurial activity and business operations. A confirmed model for business incubation is outlined.
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Background

Businesses represent the primary unit of a system of generation of goods and services, allowing creative expression and legal freedom for entrepreneurs. This has several advantages, contributing to management skills in order to achieve economic purposes. Currently, world trends in the business field recognize MSMEs a fundamental part of any nation´s economy. More than 90% of the formal and informal businesses in different countries belong to this group, also highly contributing to total sales, exports, GDP, and employment. Any general difficulty that these minor organizations encounter has a negative impact on the macroeconomic and social indicators (Valdés & Sánchez, 2012).

Key Terms in this Chapter

Entrepreneurship: Action to generate a new company.

Companies in Incubation: Companies that are in the planning phase or starting their operation under the advice of the business incubator.

Companies in Operation: Companies that are operating in all functional areas.

Mortality of Companies: Companies that cease to operate.

Operating Status: The status of the company is determined based on whether it is in operation or not.

National Entrepreneur Institute: Incubator network supported by the Secretariat of Economy in Mexico.

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