Reality and Resilience of Family Businesses in Ecuador

This research focuses on presenting the reality and resilience of Ecuadorian family businesses. To achieve this purpose, this scientific contribution selects, studies and analyzes an important group of scientific articles, socialized in the academic directory Scopus. The main results are directed to the following points: (i) Bibliometric research of publications focused on the study of Ecuadorian family businesses. (ii) Qualitative research of publications focused on the study of Ecuadorian family businesses. (iii) Family businesses: key characteristics. (iv) Family businesses and sustainable development in Ecuador. (v) Elements that influence the success of a family business. The final considerations of this work expose the following points: (i) Family businesses in Ecuador are at a crucial stage of their development towards sustainability, since by knowing how to take advantage of the opportunities that arise, they have the capacity to start new business models in the country, with the recognition of the brand behind these practices and highlighting the family group to which they belong. (ii) Family businesses have been a constant in the political and economic history of the country. These companies have adapted and evolved to survive in changing political and economic contexts. Through their long-term focus and the importance, they give to personal relationships, family businesses have managed to remain competitive and contribute to sustainable economic development. In addition, these companies can serve as inspiration and role models for other entrepreneurs.