The Link between Professional Training of Family Entrepreneurs and Financial Performance: A Comparative Study between Family and Non-Family Businesses in Morocco
The Link between Professional Training of Family Entrepreneurs and Financial Performance: A Comparative Study between Family and Non-Family Businesses in Morocco

Author(s): Azzeddine Allioui, Wafaa El Gouz
Subject(s): Business Economy / Management, Micro-Economics, Socio-Economic Research
Published by: Scientia Moralitas Research Institute
Keywords: family businesses; professional training; financial success; Morocco;
Summary/Abstract: The purpose of this comparative research is to analyze the complex link that exists between the education of company owners and the financial success of family-owned companies in Morocco. A sizeable percentage of the corporate landscape is comprised of family businesses, which provide a major contribution to the economic growth of the nation. For the purpose of determining the influence that entrepreneurial training has on financial results, the study takes a comparative approach, evaluating both family firms and enterprises that are not family businesses. This inquiry digs into the particulars of family companies, considering the unique difficulties and opportunities that family firms face in the Moroccan economic climate. The purpose of this research is to give significant insights into the processes that determine the economic success of family businesses by taking a closer look at the association between entrepreneurial training and financial performance. In terms of methodology, the study takes a holistic approach, using both quantitative and qualitative data to capture the many facets that are associated with entrepreneurial training and financial achievement. The purpose of this study is to investigate the complex relationships that exist between the training programs that are offered to family entrepreneurs and the subsequent financial health of their businesses. This will be accomplished with questionnaires, interviews, and financial analyses. Moreover, the results of this study not only provide a contribution to the academic knowledge of family entrepreneurship in Morocco, but also offer practical consequences for enterprises, governments, and educational institutions. It is possible to design strategies for promoting the sustainable development of family businesses by gaining an understanding of the association between training and financial success. This will contribute to the overall economic growth and stability of the Moroccan business environment.

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