TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS
Family businesses are of paramount importance for the world economy since they represent the most numerous economic entities on the global market, employing the majority of the working force and generating more than half of the world GDP. Amid the current pandemic crisis, family businesses may ser...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2020-12-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2020-06/13_Batrancea2.pdf |
| _version_ | 1797988583897825280 |
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| author | BATRANCEA LARISSA |
| author_facet | BATRANCEA LARISSA |
| author_sort | BATRANCEA LARISSA |
| collection | DOAJ |
| description | Family businesses are of paramount importance for the world economy since they represent the most numerous
economic entities on the global market, employing the majority of the working force and generating more than half of
the world GDP. Amid the current pandemic crisis, family businesses may serve as sources of inspiration for managers
aiming to survive these unprecedented times and regain their market shares through resilience, creative strategies,
accurate up-to-date financial analysis and cash flow forecasting, long-term orientation and strong core business
values. The article gives account of the challenges faced by family businesses during these unprecedented times and
reports on the creative strategies implemented by some family business owners in order to continue operating on the
market. |
| first_indexed | 2024-04-11T08:06:28Z |
| format | Article |
| id | doaj.art-dc29c5b33b204f0886d581963d22d0ed |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-04-11T08:06:28Z |
| publishDate | 2020-12-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-dc29c5b33b204f0886d581963d22d0ed2022-12-22T04:35:33ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072020-12-0168994TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISISBATRANCEA LARISSA0BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, FACULTY OF BUSINESS, ROMANIAFamily businesses are of paramount importance for the world economy since they represent the most numerous economic entities on the global market, employing the majority of the working force and generating more than half of the world GDP. Amid the current pandemic crisis, family businesses may serve as sources of inspiration for managers aiming to survive these unprecedented times and regain their market shares through resilience, creative strategies, accurate up-to-date financial analysis and cash flow forecasting, long-term orientation and strong core business values. The article gives account of the challenges faced by family businesses during these unprecedented times and reports on the creative strategies implemented by some family business owners in order to continue operating on the market. https://www.utgjiu.ro/revista/ec/pdf/2020-06/13_Batrancea2.pdffamily businessworld economylong-term orientationcash flowpandemic |
| spellingShingle | BATRANCEA LARISSA TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie family business world economy long-term orientation cash flow pandemic |
| title | TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS |
| title_full | TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS |
| title_fullStr | TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS |
| title_full_unstemmed | TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS |
| title_short | TAKE ONE FOR THE TEAM! THE IMPORTANCE OF FAMILY BUSINESSES FOR THE WORLD ECONOMY AMID THE COVID-19 PANDEMIC CRISIS |
| title_sort | take one for the team the importance of family businesses for the world economy amid the covid 19 pandemic crisis |
| topic | family business world economy long-term orientation cash flow pandemic |
| url | https://www.utgjiu.ro/revista/ec/pdf/2020-06/13_Batrancea2.pdf |
| work_keys_str_mv | AT batrancealarissa takeonefortheteamtheimportanceoffamilybusinessesfortheworldeconomyamidthecovid19pandemiccrisis |