Family firms and entrepreneurial teams: A dynamic view from Argentina

Abstract

This article examines the convergence of two fields of study that have historically developed independently: family firms and entrepreneurship. Through an analysis of the existing literature, the characteristics and evolution of family entrepreneurial teams (FETs) are explored, conceptualized as an organizational innovation that significantly contributes to the transformation of family firms. FETs play a central role in reshaping internal structures, strengthening market links, and consolidating relationships among family members involved in the business. This work highlights the positive impact of FETs on local and regional economic diversification, particularly in contexts such as Latin America, where economic and social disparities present specific challenges. Additionally, it underscores the importance of context in the development of these teams, suggesting that FETs may be an effective tool for promoting sustainable growth in emerging economies. Finally, the article discusses theoretical implications and opens new lines of research, focusing on the relationship between team diversity, organizational performance, and the socioeconomic environment.