Family business in crisis test: who survives, who fails?

Family business in crisis test: who survives, who fails?

The research project at the Salzburg University of Applied Sciences, led by Professor Michael Kuttner, deals with the resilience of family businesses in crisis situations. The team consists of the contributors Julia Riepl, Thomas Mörth and Christine Mitter. The aim of this comprehensive investigation is to examine the question of why some family businesses survive for centuries, while others fail at the first adversity. The results suggest that resilience is not automatically associated with family business status, such as SN.at reported.

In many cases, family businesses demonstrate a remarkable vulnerability that puts them at risk in crisis situations. These insights are particularly relevant at a time when external challenges such as economic upheaval or technological changes are common. Research highlights that not all family businesses are resilient per se – rather, various internal and external factors play a critical role in their long-term survival.

Factors of resilience

An important aspect of the project is the investigation of the specific factors that can contribute to the resilience of family businesses. Both the company structure and the family ties of the owners are analyzed. Studies show that companies that are able to react flexibly and adapt have a greater chance of surviving crises.

In addition, it is emphasized that the family integration of managers can bring not only advantages but also challenges. Personal relationships and emotional bonds can influence decision-making processes, which could have both positive and negative effects on company management.

Conclusions of the research

The results of the study suggest that it is crucial to promote resilience through targeted strategies. Professor Kuttner and his team advocate that family businesses should regularly review and adapt their organizational structures in order to meet constantly changing market conditions. This assessment is supported by further information in the comprehensive publication available on Springer is available.

Overall, the Salzburg University of Applied Sciences research project shows that the resilience of family businesses to crises is a complex issue that must be continuously examined in order to meet the needs of today's economy.