Crisis Management

What can we learn from crises of the past?

We are living through an unprecedented crisis that has impacted our lives in so many ways.  Whilst history never repeats itself we are able to learn how others have reacted during previous crises and use that to help us today.

In this episode of the show I speak with the Managing Director of Family Business Norway, Simone Møkster, Director General of the Institute for Family Business Elizabeth Bagger, 4th generation family business member and founder of the IFB, Alex Scott and John Learmonth, MD of Deanbridge International and publisher of The European Family Investment Company Report who has written studies on how family businesses reacted to the Second World War and were able to come out of the crisis stronger. 

Whilst we appreciate that some businesses are simply fighting for survival right now and our first suggestion would be to reach out and see what support is available to you, we also wanted to provide some practical guidance on what you can be doing to position your family business so that when this current cloud passes, you are able to see the blue skies beyond. 

 

We discuss the characteristics that family businesses showed during WWII and how thes can be applied to today’s environment. The characteristics are (in no particular order) 

  1. Perseverance
  2. Leadership
  3. Getting organised
  4. Reputation
  5. Human assets
  6. Entrepreneurship
  7. Diversification
 
 

The truth is, there is unlikely to be one single solution to surviving the current situation and the inevitable economic difficulties the world will face when we emerge from the Corona Virus crisis, but the above combined will place you in the best possible to do so.

We are here to support and please do get in touch if you need any help.

COVID 19 - Offer of support

In these uncertain times, we’re here to help.  This is a time for us all to pull together and offer our skills and experience wherever we can.  That’s why we’re offering our services free of charge to those who need it during the Covid-19 Pandemic.

Find out more www.thefbc.co.uk

As part of our role as family business consultants with The Family Business Consultancy we are often called upon to support our clients through times of a major change or crisis and heightened emotion.  It’s what we do best.

We are offering access to our consultants at this time to help with the following:

  • Someone you can talk to if you are facing challenges in your family business.  We are impartial and non-judgmental.  Most importantly we listen and we really hear you.
  • If you have time on your hands whilst your business is in hibernation, we can support you in getting your family business affairs sorted, helping you to emerge from this crisis ready to face the business challenges and opportunities ahead.  We appreciate that not everyone is in this position.

You can talk to us, anytime, for free. Get in touch using the button below.

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