Tag: crisis management

What Family Businesses Need to Know About the Silicon Valley Bank Failure

Silicon Valley Bank (SVB) failed Friday, March 10, 2023. SVB was remarkable in the US banking system due to the unique capabilities and products it developed to serve the unique needs of Read more

How Family Businesses Survive Unexpected ‘Wild Cards’

One of the key concerns for family businesses is continuity. Unlike non-family firms, many family businesses display a longevity that may span over centuries. In order to survive such long periods, Read more

Falling from Grace: How Scandals Affect Family Businesses

Promoting the family behind the family business can often bring benefits. Consumers can feel better about a product or service – and more likely to trust it and buy it -- if they know a Read more

To Survive a Crisis, Re-Think Your Family’s Ties

As global crises are becoming increasingly frequent and unpredictable, family ties and family relationships—or what are collectively called “family social capital”—become critical for the Read more

The challenges entrepreneurs face seem daunting. A global pandemic, rising inflation, and a spate of other problems have entrepreneurs reeling. To add to the mix of problems entrepreneurs face, Read more

What the Pandemic Has Taught Us About Crisis Management

Because COVID-19 had effects unlike any other crisis, crisis management research has received increased attention in the past few years. Within a few weeks, economic life was turned completely upside Read more

Dealing with Inflation: Advice From the Experts

Around the globe, family businesses are grappling with the effects of inflation, now at its highest level in 40 years. A recent NFIB report noted that over 30% of business owners feel inflation is Read more

Research continues to draw connections between the emotional swings of entrepreneurs and both their overall well-being and their business success. It is becoming clear external events play a role in Read more

Entrepreneurial startups face a clear tension during times of turbulent change like the COVID-19 pandemic. On the plus side, startups are small, collaborative, creative and flexible, making them Read more

Sinking ship? How one family firm sailed through several crises

By Tanja Leppäaho, Paavo Ritala and Mat Hughes In our personal lives, sometimes it takes a crisis – an illness, divorce, job loss or another challenge – to get us to change long-held attitudes Read more