Abstract: Family business firms (FBFs) are the predominant type of business around the world, and Mexico is no exception. These firms are constantly facing a changing and challenging environment that requires effective decision making regarding resource and capability managerial efficiency. The aim of this study was to determine the elements that family business firms in Mexico consider as determinants in the achievement of managerial efficiency. The overall approach of the study was qualitative, as CEOs from FBFs were interviewed to uncover their decision making process regarding their managerial efficiency and relation to their strategic managerial mix. The study provides a comprehensive view of FBFs’ leaders’ perceived importance of resource and capability managerial efficiency, and depicts the reasoning behind such decision making; it contributes by providing insight into FBFs’ dynamics behind the alignment of their strategic managerial mix with business processes towards the achievement of managerial efficiency. 

Key words: managerial efficiency; strategic managerial mix; business processes; resources/capabilities; family business firms; Mexico 

JELcode: M100