How family businesses master the crisis (German)

German family businesses learned ’crisis skills’ throughout the COVID-19 pandemic

German family businesses recognized the crisis signals at the beginning of the COVID-19 pandemic – but they did not act immediately. They have been on a steep learning curve, but weren’t able to transform their newly gained knowledge into new processes right away. These are the findings of a recent study by the Chair of Family Business at the WHU Otto Beisheim School of Management and the management consultancy FTI-Andersch.