The Jiménez Family Case
Arturo Jiménez has owned Gulfo de Cortez, a carwash in Guadalajara, Mexico, for 28 years. Arturo, 54, has grown the business through modernization, improved working conditions, and higher quality services and products. Over the years, however, those investments have become obsolete, and Arturo’s three adult sons are concerned about the continued success of the business. There is also uncertainty about a succession plan for the business. Arturo is still young and has no plans to retire. On top of this, he faces a financial dilemma brought on by the death of his mother in 2014. Her estate owns the land on which the carwash is located. Arturo’s siblings want to sell the estate’s assets, including the land, but Arturo does not have the funds to purchase the land. Underlying these challenges are the strong values and culture of a traditionally Catholic, Mexican family.
This case will be presented by Arturo’s eldest son, Luis, a PhD candidate at Worcester Polytechnic Institute.
About the Presenter
PRESENTER: Luis Jiménez-Castillo
TITLE: PhD student
ORGANIZATION: Worcester Polytechnic Institute
Luis is a doctoral candidate focusing on family business. Before studying at WPI, Luis was a faculty member at Universidad Panamericana in Mexico where he served as a member of the Advisory Board of the Family Business Management Bachelor’s Program.
He is not only interested in family business academically, but as well as a practitioner. Luis was a member of the Board of Directors of his family’s firm, where he served as Chairman. He has published articles in local business magazines in Mexico regarding succession and conflict management.
His PhD concentration is on entrepreneurship, and the research topics that are most appealing to him are international entrepreneurism, internationalization of family businesses, and corporate governance of family businesses.