The Zócalo is what locals call the main square in Mexico City, although its real name is Plaza de la Constitución (Constitution Square). It wasn’t named after any of the Mexican constitutions that have governed the country, but rather after the Cádiz Constitution signed in Spain in 1812. It came to be known as the Zócalo because plans were made to erect a column there as a monument to independence, but only the base, or zócalo, was ever built.
According to IE Business School Prof. Manuel Bermejo, family businesses form the base of any economy. He tells us that oddly enough most of the big companies we all know are still family businesses.
As IE Law Prof. Justin Swinsick says in the introduction to this video, Prof. Bermejo speaks from experience because he himself was born into a family business. He’s always on the lookout for opportunities to generate value, and he’s one of those people who speaks passionately about what he does, a true champion of family entrepreneurs.