Home > Research > Publications & Outputs > Five things family businesses are reckoning wit...


View graph of relations

Five things family businesses are reckoning with now

Research output: Exhibits, objects and web-based outputsWeb publication/site

Publication date11/01/2021
Media of outputOnline
<mark>Original language</mark>English


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.