Family SMEs in Mexico Boost International Success Through Strong Social Connections.
The article explores how family businesses in Campeche, Mexico, can succeed in international markets. The researchers studied seven small fishing businesses to see how their social connections affected their ability to expand globally. They found that having strong links with other businesses and government institutions is crucial for international success. Businesses that lack these connections struggle to grow beyond their local market. This study shows that building relationships with key partners is essential for family businesses to thrive internationally.