Between Reason and Emotion:
Socioemotional Intelligence as a Non-
tangible Resource for Strategy, Operation,
and Sustainability for the Family Business
Danny Christian Barbery-Montoya and Carlos Luis Torres-Briones
Abstract Financial and non-financial wealth in the family company has been a
subject of discussion by several authors, placing family and profitability as the focus
of their leaders’ decisions. In this study, we explain how the relevant variables work
together to defend this wealth while considering the management of emotional and
social intelligence and considering innovation and risk factors as elements of the
decisions taken by the leading members of the family business. Through theoretical
review, the authors present the wealth of socioemotional intelligence matrix or
SEIW matrix, and according to the use of this socioemotional intelligence, four
types of enterprises can be defined, which in turn takes us to pose the three-
dimensional model Dual-SEIW as a solution. This model establishes, for the stake-
holders, a performance profile of the business where the priorities are money and
family.
Keywords Family business · Risk · Innovation · Wealth · Stakeholders · SEIW
matrix
1 Introduction
Financial performance is a variable present in all types of business including family
businesses; it is based on the autonomy and the proactivity of those who make it
(Kallmuenzer, Strobl, & Peters, 2018). This shows a clear need for independence
which may lead to actions that generate income for the family. However, it is not
D. C. Barbery-Montoya (*)
Universidad de Especialidades Espíritu Santo, Guayaquil, Ecuador
e-mail: dbarbery@uees.edu.ec
C. L. Torres-Briones
Universidad Santa Maria, Guayaquil, Ecuador
e-mail: ctorresr@usm.edu.ec
© Springer Nature Switzerland AG 2020
J. M. Saiz-Álvarez et al. (eds.), Entrepreneurship and Family Business Vitality,
Studies on Entrepreneurship, Structural Change and Industrial Dynamics,
https://doi.org/10.1007/978-3-030-15526-1_2
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