Family business resilience in times of radical change : strategies to manage disruptions and exploit opportunities / edited by Stefan Märk and Mario Situm.

Format:

Book

Contributor:

Märk, Stefan (Professor), editor.

Situm, Mario, editor.

Series:

Contemporary Issues in Family Business Entrepreneurship Series ; v.2

Language:

English

Subjects (All):

Family-owned business enterprises--Management.

Family-owned business enterprises.

Resilience (Personality trait).

Physical Description:

1 online resource (240 pages) : illustrations

Place of Publication:

Berlin : Walter de Gruyter, 2025.

Summary:

How can family businesses build resilience in a world of rapid change and uncertainty?The challenges faced by family businesses are growing: volatile markets, digital transformation, succession complexities, and strategic reorientation in times of crisis.

Contents:

Intro

Contents

Preface

Strategy Development in the Light of Radical Change: A Perspective on the Evolution and Revolution of Family Businesses

1 Introduction

2 Literature Review

2.1 Strategy Development and Competitive Advantage

2.2 Evolution and Revolution in Times of Radical Change

3 Methodology

4 Results

4.1 Strategic Adaptability and Transformation in Family Businesses

4.2 Management In and After Situations of Crises

4.3 Succession &amp

Long-term Orientation

4.4 Management of Innovation

5 Summary and Conclusion

References

The Importance of VUCA and BANI in Developing Sustainable and Long-term Oriented Strategies in Family Businesses

2 Conceptual Foundations: Understanding VUCA and BANI Frameworks

Brittle, Anxious, Nonlinear, Incomprehensible

Brittle

Anxious

Nonlinear

Incomprehensible

3 Theoretical Background

3.1 Family Actors and Nonfamily Managers in Strategy Work during Restructuring the FB

3.2 Key Concepts in Structuration Theory

3.3 Duality

3.4 Agency

3.5 Structure

3.6 Time Space

4 Research Design

4.1 Case Study Context and the Mediating Role of Trust

4.2 Data Collection

4.3 Data Analysis

5 Findings

5.1 Phase 1. Empowering Nonfamily Managers

5.2 Phase 2. Broadening the Family Actors` Perspective

5.3 Phase 3: Establishing Shared Space for Strategic Discussions

6 Discussion and Conclusion

Employee Resilient Behavior and Its Leadership Prerequisites: Strategies for Founder Generation Family Firms

2 Methodological Choices

3 Entrepreneurial Leadership in Founder Generation Family Firms

4 Resilient Behavior and Its Characteristics

5 Theory of Planned Behavior and Employee Resilient Behavior

6 Discussion

7 Conclusion

References.

The Impact of Family Ownership on SME Resilience: A Three-Circle Model Analysis

3 Research Model and Hypotheses

4 Summary

Implications of Company Succession on Resilience of Small and Medium Size Companies

2.1 Definitions

2.2 Positive and Negative Impacts of Company Succession on Resilience

2.3 Factors Influencing Succession's Impact on Resilience

2.4 Research Gaps

2.5 Contribution

3 Data &amp

Method

3.1 Dataset

3.2 Measuring Resilience

3.3 Methods

4 Findings from the Quantitative Study

4.1 Descriptive Statistics Compared to Other Studies

Companies

Predecessors and Successors

Financial Development

4.2 Regression Analyses

4.3 Conclusions

5 Insights from the Survey

6 Implications for the Resilience of SMEs

6.1 More Targeted Approach to Different Groups of Entrepreneurs

6.2 Family and External Succession

6.3 The Role of Buy-and-build Concepts in Business Succession

7 Conclusions

7.1 Summary

7.2 Discussion

7.3 Limitations and Suggestions for Further Research

Passing the Torch: Perceived Risks and Opportunities in Family Business Succession

2 Family Businesses, Succession, Risks and Opportunities

3 Methods

5 Discussion and Summary

Convenience Study of Criminal Deviance in the Entrepreneurial Family Business: Husband as Lawyer and Wife as Accountant in the Law Firm

2 Convenience Propositions for Crime Followers

3 Convenience Propositions for Women Offenders

4 Convenience Propositions from Media Coverage

5 Convenience Propositions from Criminal Indictment

6 Convenience Propositions from Trial in Court

7 Convenience Propositions from Verdict Document

8 Conclusion.

References

The Adaptive Capacity of Tourism Family Firms - An Owners' Perspective on Risk Resilience

2.1 Family Firms

2.2 Crises

2.3 Crises in Family Firms

2.4 Resilience

3 Empirical Study

3.1 Methodology

3.2 Main Results

3.3 Interpretation of Findings

4 Summary and Conclusions

Corporate Social Responsibility during the COVID-19 Pandemic: Learnings from Austrian Family Businesses

2 Methodology

3 Findings

3.1 Changes to CSR due to the COVID-19 Pandemic

3.2 Influence of CSR on Resilience

4 Discussion and Summary

Resilience beyond Metrics: How Hidden Resources in Small Family Firms Challenge the Resource-Based View

2.1 Resource-Based View

2.2 Organizational Resilience

3.1 Research Design and Methodological Approach

3.2 Description and Information about the Family Business

The Impact of AI-Induced Downsizing on Family Businesses

2 Literature Review and Hypothesis Development

2.1 Literature Review

2.1.1 Socio-emotional Wealth (SEW)

2.1.2 Territorial Embeddedness

2.1.3 AI and Its Impact on Downsizing

2.2 Hypothesis Development

3 Research Design

3.1 Data Sources

3.2 Variables and Models

3.2.1 Dependent Variable: Downsizing

3.2.2 Independent and Control Variables

3.2.3 Econometric Model

3.2.4 Model Specification and Estimation

4.1 Descriptive Statistics Results

4.2 Regression Analysis Results

5 Summary

6 Limitations and Potential Implications for Future Research

List of Contributors

List of Figures

List of Tables

Index.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

3-11-079034-3

OCLC:

1534435296