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Article
Publication date: 6 August 2024

Britta Boyd, Tobias Koellner, Tom Arne Ruesen and Heiko Kleve

Resilience of long-lived family businesses has been widely acknowledged but the mechanisms enabling longevity need to be further investigated. This can be done by examining how…

Abstract

Purpose

Resilience of long-lived family businesses has been widely acknowledged but the mechanisms enabling longevity need to be further investigated. This can be done by examining how narratives about crisis situations are processed in family firms.

Design/methodology/approach

Based on narrative interviews, this qualitative study examines how crisis situations have been dealt with and narrated by long-lived German family firms.

Findings

Narratives of survival can have a strengthening effect so they become also narratives for survival. The analysis reveals how the constructive management of crises contributes to emotional attachment, identification and commitment and also strengthens resilience and longevity.

Originality/value

The study contributes to narrative identity theory by answering calls for narrative analysis and capturing the influence of narratives on family firms and business families. The discussion of the findings leads to the narrative processing model showing how past crises are processes to gain identity and resilience in the future and how the business family can influence this process.

Details

Journal of Family Business Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-6238

Keywords

Article
Publication date: 16 October 2024

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

The resilience and longevity of family firms can be boosted through narrative accounts of their history. Stories detailing how they navigated past crises provide a platform for addressing present and future challenges through such as family cohesion, allegiance to family values, shared commitment, effective communication and the contributions made by key individuals.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Details

Strategic Direction, vol. 40 no. 8
Type: Research Article
ISSN: 0258-0543

Keywords

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