Exploring the Resilience of Family-Owned Businesses: Insights from Bocconi University

Sunday, 11 August 2024, 09:45
A recent study highlights that family-owned businesses enjoy significantly higher survival rates compared to their counterparts. According to Paolo Morosetti from Bocconi University, increased awareness and education are pivotal in enhancing these survival prospects. Family businesses often leverage unique strengths, such as loyalty and adaptability, which can lead them to thrive even in challenging economic climates. In conclusion, fostering knowledge and support for these enterprises can further bolster their success and longevity in the market.
Thehindu
Exploring the Resilience of Family-Owned Businesses: Insights from Bocconi University

Family-Owned Businesses: A Beacon of Resilience

Insights from a study conducted by Paolo Morosetti at Bocconi University reveal that family-owned businesses demonstrate impressive survival rates.

Key Findings

  • Increased awareness and education can enhance survival rates.
  • Family businesses often exhibit unique strengths contributing to their resilience.
  • Loyalty and adaptability play a crucial role in their success.

Conclusion

Supporting family-owned businesses through tailored education can significantly improve their longevity and market performance.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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