The Business Family in Post-crisis Tomorrow

Resilience and family business

The ability of a company or an organization to persist in the face of substantial changes in the external business and economic environment or the ability to withstand disruptions and catastrophic events – resilience – has become one of the most important factors to be able to manage the crisis caused by the COVID-19 pandemic. In this article, we will discuss how and why one of the most persistent and common forms of business organization in the world – the family business – is often characterized by strong resilience. What can companies and organizations learn from successful family businesses to improve their own resilience in tough times?