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There is an old saying about family businesses: The first generation builds them, the second generation enjoys them, the third generation destroys them.
As the old adage puts it: the first generation builds the company, the second lets it stagnate, and the third squanders it.So why do Mexicans, like other Latin Americans, still place such faith in the family-business model?
In particular he explains how the "third-generation syndrome" works: the first generation builds an empire, the second one consolidates it, the third one loses it, forgetting that an apparently secure fortune depends in fact on their continuing efforts.
Almost every culture has some variation on the saying, "rags to rags in three generations". Whether it's "clogs to clogs" or "rice paddy to rice paddy," the message is essentially the same: Starting with nothing, the first generation builds a successful enterprise, which its profligate offspring then manage poorly, so that by the time the grandchildren take over, little value remains.
There's the old saw about family businesses: "The first generation builds the business, the second consolidates it and the third destroys it".
"There is a story that the first generation builds the business, the second generation consolidates the business and the third generation destroys it," explains Roberto Irineu, adding that they saw it happen to others.
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The interactive models in the third generation build on the main disadvantage of previous models, namely the extremely simplified picture of the generally complex interactions between science, technology and market.
Our children's will be the first generation to build human brains that more closely mimic computers.
While the circumstances vary, much of the first generation infrastructure was built by or funded by developers as they built commercial and residential centers.
First and second generation immigrants built this country, and they continue to fuel it now.
They are thus considered second generation systems, as they are based on experience gained with the first generation or prototypes built in the fifties and early sixties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com