The enterprise associated with Danica Ontengco, operating under familial ownership, represents a specific type of organizational structure. Such ventures are characterized by significant involvement of family members in the ownership, management, and operational aspects. Examples include retail establishments, service providers, or manufacturing companies where generations of a family have contributed to the business’s development and longevity.
These organizations offer potential advantages like strong commitment, long-term orientation, and shared values. They often build strong community ties and can contribute significantly to local economies. Historically, these types of businesses have formed the backbone of numerous economies worldwide, fostering innovation and providing stable employment opportunities across generations.
