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October 25, 2020 - Issue #15

Research Reveals How Business Families Have Coped With COVID-19 Research Reveals How Business Families Have Coped With COVID-19 Researchers surveyed more than 1,000 family businesses around the world to see how they're handling the pandemic. Here is what they learned.
Whitney Peake

Editor's Pick

Whitney Peake

Staying Strong During a Crisis

In this podcast, Jonathan Flack, CPA, the U.S. family business services leader at PwC, talks about how family businesses are weathering the pandemic's economic crisis, and the unique strengths that are helping them survive. He also shares advice for family business leaders about communicating with staff and stakeholders. https://www.journalofaccountancy.com/podcast/how-family-businesses-can-stay-resilient-during-coronavirus.html

Journal of Accountancy, April 30, 2020

Women: Regain Your Professional Footing Women: Regain Your Professional Footing Covid-19 has upended the traditional balance of work and family, which was never easy to begin with. In this article, Elizabeth Bagnall and Susan Laverick of Beaufort Group Consulting show how to reclaim personal boundaries and move forward.
Family Members Can be Valuable Mentors Family Members Can be Valuable Mentors Entrepreneur, philanthropist and author Simran Mohinani has great role models among her family members. She talks about balancing the family and mentor relationships and offers advice for future family business leaders and women.
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A Crisis Playbook for Family Businesses A Crisis Playbook for Family Businesses

As the numbers of coronavirus cases rise in many places, this HBR article from late April is as important now as it was back then.

The Resilient Family Enterprise The Resilient Family Enterprise

This first article in a new series by Deloitte looks at how COVID-19 brings new focus to family business issues like succession planning and values.

Podcast Focuses on Crisis Management Podcast Focuses on Crisis Management

Check out my discussion with Professor Torsten Pieper of the University of North Carolina at Charlotte about his research into how family businesses are responding to the Covid-19 pandemic.

The Hero Myth in Family Businesses The Hero Myth in Family Businesses

This fascinating article in Tharawat magazine explores the role of storytelling, especially about family business founders and their resilience in the face of adversity.

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How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms?
by Marina Palm, Vanessa Diaz Moriana, and Nadine Kammerlander / Research Insight

Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. Read more...

Academy of Management Honors FamilyBusiness.org Editor Kimberly Eddleston
by Catherine Buday / Commentary

The award recognizes her role in launching and growing the world's leading website for supporting and educating family businesses. Read more...

How Women Directors Decrease Cost of Capital at Family Businesses
by Rafaela Gjergji, Luigi Vena, Giovanna Campopiano, Salvatore Sciascia, and Alessandro Cortesi / Research Insight

Family firms face higher borrowing costs than non-family firms if they disclose strategic information, but having women on their boards helps them narrow the gap. Read more...

Storytelling Vividly Illustrates Your Family Business Values
by Eva Fischer Hansen / Practice Insight

Passing on stories among family members from one generation to the next is one powerful way values can be passed through multiple generations without being reduced to meaningless words. Read more...

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Helping Next-Gens Envision Their Family Firm’s Future Success
by Nadine Kammerlander and Friedrich Kammerlander
When the Family Leaves the Business, Can Their Values Remain?
by Roy Suddaby, Wilson Ng, Natalia Vershinina, Gideon Markman, and Matthew Cadbury
Family Business Succession Planning: 10 Golden Rules
by Tom Rüsen, Torsten Groth, and Arist von Schlippe
Editorial offices located at St Thomas University

Editorial offices located at St Thomas University

Popular
Family Firms May Need More Legal Advice Than They Think
by Kajsa Haag, Hanna Almlöf, Marina Madsen, and Mette Neville
Supported by the Richard M Schulze Family Foundation

Supported by the Richard M Schulze Family Foundation