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. 2021 Sep 8;13(2):100452. doi: 10.1016/j.jfbs.2021.100452

Table 1.

Crisis Challenges, Long-term Orientation, and Resilience.

Pandemic
Consequences
Financial stress Loss of business Personnel stress & loss Operations disruptions
Family firm long-term practices Continuity:
Deep resource investments
Command:
Quick adaptation, innovation
Community:
Superior relations with employees
Connection:
Superior relations with suppliers, etc.



Sources of resilience Financial and resource reserves to survive losses Superior offerings tailored to crisis Better talent, staff morale & motivation Flexible, cooperative stakeholders