Deloitte Private – Beyond business: Unique characteristics of family enterprises that could position them to thrive
It has been widely stated that coronavirus does not recognize nationality, gender, religion, or wealth. Equally, it does not differentiate between the economies and markets it strikes. Every business has been impacted in some way irrespective of its size, sector, or ownership structure—from global powerhouses to the lone business owner. And in this respect, family businesses are not unique. Despite their reputation for resilience, optimism and agility, most family businesses have been under significant pressure to respond to the general health, safety, and welfare challenges introduced by the COVID-19 pandemic, along with the operational disruptions to their business.
This publication was released by our Global firm.