New practical guide: crisis management and crisis resilience in family businesses

25. October 2024

Existential crises in family businesses often arise from internal decisions and the dynamics between ownership and family relationships. This practical guide focuses on how companies can better prepare for such scenarios. Rüsen and Fröhlich explain the specific challenges of crisis management, especially in the context of the COVID-19 pandemic, which intensified latent issues and forced many companies to adapt immediately. The guide offers practical advice, describing typical behavioral patterns and measures that have proven effective in crisis situations. Family businesses are encouraged to work with external advisors to identify risks early on and develop appropriate strategies.

Crisis management and crisis resilience in family businesses