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Crisis management in family businesses – a comprehensive model and research agenda

  • Pedram Faghfouri
Chapter

Abstract

Crisis management is of specific importance for family businesses. However, in spite of the need for research, this topic still receives insufficient scholarly atten-tion. In order to encourage scholars to dedicate more efforts to this topic, I first argue why crisis management is of specific importance for family businesses. Second, I argue that there are important differences between crisis management in family and non-family businesses. I introduce the comprehensive model of crisis management provided by Pearson and Clair (1998) and explain why I found it to be the most suitable model to draw upon. Then, I point out the pro-cess elements in this model where I expect family businesses to show specific behavior. Third, I conclude with a set of propositions that relate to these process elements. This study ends with a call for research on this topic

Keywords

Risk Perception Family Firm Family Business Crisis Management Supervisory Board 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Fachmedien Wiesbaden 2013

Authors and Affiliations

  • Pedram Faghfouri
    • 1
  1. 1.EssenGermany

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