Lack of corporate managerial skills are being identified and addressed by business owners and shareholders.
Culture of hiring and using business consultants in Mexico is limited to the industry leaders, “forward thinking” pioneers, trans-national companies or existing Mexican companies currently involved in some sort of crisis.
As the majority of businesses in Mexico are family owned:
a) Important decisions related to; investments, planning and strategy, risk evaluation, and day-to-day operations may be stalled or create significant problems unless everyone is in agreement.
b) Focus is geared toward running a family business or maximizing profit in a short defined period, as opposed to long-term growth and investment.