Marketing in family businesses.

in Project HOPE4 years ago
In family businesses, marketing has been less successful than in other types of companies. In this opportunity we will make a brief analysis of why this important aspect has not been successful in family businesses, which are those whose partners belong to the same family nucleus and even most of their workers. This leads them to: a little professionalized personnel in an adequate marketing for the commercial objectives that they pursue, especially the business ones in general.

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Family businesses are often characterized by the fact that they have been in business for a long time, and have been passed from generation to generation. In many opportunities, the marketing of the family brand has been worked and felt as essential and not the marketing of the business or its products, confusion that usually occurs due to the family roots and the real ignorance of the marketing strategies and how it can benefit them.

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On the other hand, they are usually organizations with an enormous amount of resistance within their members to changes, especially those related to the business model, ways of marketing, interaction with customers, technology, since they are entrepreneurs who think that the experience they have endorses them, makes them very knowledgeable, aspects that are not always accurate. Many times having important achievements in the past incites those who have them to a certain inaction in the past. Due to these resistances to evolve, it is believed with all the soul and the brain that what their ancestors did was successful, always will be, without understanding that the times have changed so much that the absolute truths in business no longer exist, all are changeable. In most cases the most successful family members become the leaders of the company and those achievements overshadow the innovative ideas that may have another member with less successful aspects.

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Today's marketing demands open minds, willing to accept changes no matter how radical they may be, in order to do the job well. In immobile companies, either because of the organization, values, customs or non-renewed business objectives, it is very difficult for the person who is going to do it to find a suitable space, achieve an understanding and be able to execute a good branding. Logically all this will be related to the structure of the shares that the company has, if the family has a lot of strength in the decision making and they do not have another shareholder partner that can make balance at the end it will be the family clan who will take the control and statistically it has worked very little or almost null an updated marketing in this type of companies.

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Family businesses cannot remain on the sidelines of new technologies and their scope, the younger members must begin to work together with the older ones in order to make room for marketing within their business, as a bold tool with marketing potential as it has, the vanguard of time is leaving them behind and a good and adapted marketing can help them.

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Hello @aplausos!
In a family business such problems may arise, where those with more experience may be closed to the ideas of the rest, however, as you raise it is necessary today to combine technology with the company and the product, and generally the new generations are those who have more information related to it, so they must work together to remain. Greetings!

In order for a family business to survive well, space and audience needs to be provided to the person's who have adequate skill to carry on with the task properly rather than just selecting leadership based on age or class.

Hi @eni-ola You are absolutely right, the changes must be adapted to the new times and technologies that come, most family businesses tend to stay without development perhaps because of fears, thank you.

Greetings @aplausos, I agree with you sometimes the bases based on the traditional system makes it impossible for us to move forward hence in the long run marketing is not effective in this type of business, it is necessary to reinvent and renew our way of advertising. Thanks for the contribution

Hi @madridbg Every company, especially in these different times, must reinvent itself, use strategies that are useful to continue and marketing is a very good one, thanks.

Most times in family business, marketing strategies are not Carried out as it's suppose to be compared to when it is companies outside. And that's what most time limit the success of some family business

Hi @mandate Undoubtedly the resistance to change is very harmful to family businesses, they do not adapt to new technologies for fear of losing the supposed success obtained, thank you for reading me.

Family business is one of the most advantage for the person every thing is well set-up we just need to do small marketing as the new time and situation and we are good to go in business.

Muy buen tema amiga @aplausos.
El marketing en los negocios familiares es fundamental para promover las actividades, presenta muchas ventajas, y por supuesto algunas desventajas.
Los negocios familiares tienen la fortuna que se está pendiente del mismo 24/7, sin embargo debe haber un equilibrio entre la vida laboal y la familiar.

Éxitos.

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