Beyond Crisis: Unveiling the Untold Saga of Family Businesses, Resilience Chronicles, and the Roadmap for Future Prosperity
Abstract
This research investigates the capacity of family companies to absorb, renew, and adapt in the face of crises, notably the pandemic crisis. By using theories of organizational finance, this research evaluates the influence of these capabilities on the potential for resilience among family-owned enterprises. This study has practical applications such as shedding light on the capabilities of family companies and allowing policymakers to develop incentives that encourage the establishment of such organizations to safeguard and promote economies. The article's novelty is in its analysis of three organizational resilience dimensions and the possibility that empirical research may be conducted to validate this theoretical framework. KEYWORDS: business, family, resilience, sustainability, development
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