Five Things Family Businesses are Reckoning With Now

Five Things Family Businesses are Reckoning With Now
Category: Commentary
Published: January 11, 2021
Updated: January 13, 2021
Views: 23503
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Family businesses everywhere are responding to Covid-19 in profound ways, balancing the need to preserve cherished family traditions and social capital against the mandate to control costs at a time of economic peril. In this video, also available here as a podcast, professors Mat Hughes and Alfredo De Massis talk about how the pandemic is forcing reckonings in five realms -- including succession, internal and external relationships, financial health versus social health, long-term orientation versus the need to adapt, and balancing future wealth against the need for more liquidity.  De Massis also shares insights from his study of a resilient family that weathered four different catastrophes and emerged stronger from each one.

 


Mat Hughes
Mat Hughes
Schulze Distinguished Professor and Professor of Innovation and Entrepreneurship / School of Business / University of Leicester
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Alfredo De Massis
Alfredo De Massis
Professor of Entrepreneurship & Family Business / Center for Family Business / Free University of Bozen-Bolzano, IMD and Lancaster University
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Cite this Article
DOI: 10.32617/597-5ffc428b97a12
Hughes, Mat, and undefined. "Five Things Family Businesses are Reckoning With Now." FamilyBusiness.org. 11 Jan. 2021. Web 22 May. 2024 <https://familybusiness.org/content/five-things-family-businesses-are-reckoning-with-now>.
Hughes, M., & De Massis, A. (2021, January 11). Five things family businesses are reckoning with now. FamilyBusiness.org. Retrieved May 22, 2024, from https://familybusiness.org/content/five-things-family-businesses-are-reckoning-with-now