The enterprise related to Danica Ontengco, working underneath familial possession, represents a selected kind of organizational construction. Such ventures are characterised by vital involvement of members of the family within the possession, administration, and operational points. Examples embrace retail institutions, service suppliers, or manufacturing corporations the place generations of a household have contributed to the enterprise’s improvement and longevity.
These organizations provide potential benefits like robust dedication, long-term orientation, and shared values. They usually construct robust group ties and might contribute considerably to native economies. Traditionally, a majority of these companies have shaped the spine of quite a few economies worldwide, fostering innovation and offering secure employment alternatives throughout generations.
