Cargando…

Business families in times of crises: The backbone of family firm resilience and continuity

Against the backdrop of the current Covid-19 pandemic and the related world economic crisis, we reflect on the role of the business family as a pivotal resource in family firm crisis management. We discuss how business families respond to the pandemic outbreak and how some accomplish to turn challen...

Descripción completa

Detalles Bibliográficos
Autores principales: Calabrò, Andrea, Frank, Hermann, Minichilli, Alessandro, Suess-Reyes, Julia
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761879/
http://dx.doi.org/10.1016/j.jfbs.2021.100442
_version_ 1784852762124615680
author Calabrò, Andrea
Frank, Hermann
Minichilli, Alessandro
Suess-Reyes, Julia
author_facet Calabrò, Andrea
Frank, Hermann
Minichilli, Alessandro
Suess-Reyes, Julia
author_sort Calabrò, Andrea
collection PubMed
description Against the backdrop of the current Covid-19 pandemic and the related world economic crisis, we reflect on the role of the business family as a pivotal resource in family firm crisis management. We discuss how business families respond to the pandemic outbreak and how some accomplish to turn challenges into opportunities and manage to emerge from the crisis even stronger than before. Related to that, we develop a research agenda on crisis management in family firms and the specific role of the business family in this regard. We also introduce the four articles in this special issue which were initially presented at the 3rd International Family Business Research Forum (IFBRF) at WU Vienna in September 2017. All four articles tackle core topics in family business research and practice, including succession, innovation and family governance, which are core elements for building a resilient business family.
format Online
Article
Text
id pubmed-9761879
institution National Center for Biotechnology Information
language English
publishDate 2021
publisher Elsevier Ltd.
record_format MEDLINE/PubMed
spelling pubmed-97618792022-12-19 Business families in times of crises: The backbone of family firm resilience and continuity Calabrò, Andrea Frank, Hermann Minichilli, Alessandro Suess-Reyes, Julia Journal of Family Business Strategy Article Against the backdrop of the current Covid-19 pandemic and the related world economic crisis, we reflect on the role of the business family as a pivotal resource in family firm crisis management. We discuss how business families respond to the pandemic outbreak and how some accomplish to turn challenges into opportunities and manage to emerge from the crisis even stronger than before. Related to that, we develop a research agenda on crisis management in family firms and the specific role of the business family in this regard. We also introduce the four articles in this special issue which were initially presented at the 3rd International Family Business Research Forum (IFBRF) at WU Vienna in September 2017. All four articles tackle core topics in family business research and practice, including succession, innovation and family governance, which are core elements for building a resilient business family. Elsevier Ltd. 2021-06 2021-05-31 /pmc/articles/PMC9761879/ http://dx.doi.org/10.1016/j.jfbs.2021.100442 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Calabrò, Andrea
Frank, Hermann
Minichilli, Alessandro
Suess-Reyes, Julia
Business families in times of crises: The backbone of family firm resilience and continuity
title Business families in times of crises: The backbone of family firm resilience and continuity
title_full Business families in times of crises: The backbone of family firm resilience and continuity
title_fullStr Business families in times of crises: The backbone of family firm resilience and continuity
title_full_unstemmed Business families in times of crises: The backbone of family firm resilience and continuity
title_short Business families in times of crises: The backbone of family firm resilience and continuity
title_sort business families in times of crises: the backbone of family firm resilience and continuity
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9761879/
http://dx.doi.org/10.1016/j.jfbs.2021.100442
work_keys_str_mv AT calabroandrea businessfamiliesintimesofcrisesthebackboneoffamilyfirmresilienceandcontinuity
AT frankhermann businessfamiliesintimesofcrisesthebackboneoffamilyfirmresilienceandcontinuity
AT minichillialessandro businessfamiliesintimesofcrisesthebackboneoffamilyfirmresilienceandcontinuity
AT suessreyesjulia businessfamiliesintimesofcrisesthebackboneoffamilyfirmresilienceandcontinuity