{"id":14805,"date":"2020-06-18T13:57:16","date_gmt":"2020-06-18T11:57:16","guid":{"rendered":"https:\/\/www.munich-business-school.de\/insights\/?p=14805"},"modified":"2020-06-18T17:52:49","modified_gmt":"2020-06-18T15:52:49","slug":"outlook-and-guiding-questions-for-recovery-of-family-businesses","status":"publish","type":"post","link":"https:\/\/www.munich-business-school.de\/insights\/en\/2020\/outlook-and-guiding-questions-for-recovery-of-family-businesses\/","title":{"rendered":"Courage News: Outlook and Guiding Questions for Recovery of Family Businesses published"},"content":{"rendered":"\n<p>To assist Family Businesses in the recovery process in the late stages of the Covid-19 crisis, the<a rel=\"noreferrer noopener\" href=\"https:\/\/courage.sg\/company\/\" target=\"_blank\">&nbsp;Courage Center of Global Family Business at Munich Business School&nbsp;<\/a>has combined the best research in the fields of recovery and innovation of Family Businesses, and interviewed Family Businesses in Europe, Asia and Latin America, to develop an outlook and guiding questions.<br><br>The report covers phases 3 and 4 of the&nbsp;Four Phases of Family Business Leadership&nbsp;through the Crisis. <br>Phase 3, called&nbsp;\u201cRealistic Return\u201d, covers a return&nbsp;to operations as COVID-19 cases continue to drop but still exist. Operations will ramp-up gradually, under tight control and still without a return to full capacity. Phase 4, called the \u201cReimagination\u201d of the Family Business, covers reviewing the business model and competitive context as new mechanisms have been established and many business realities have changed during the crisis. And, consumer behaviors have changed too. Therefore, any business model will need a profound review and many will potentially need a new focus.<br><br>The report details the best practices in Focus, Communication, Financial Management and Strategy &amp; Adaptation for the phases 3 and 4 of the Covid-19 crisis. <br><br>The full report can be requested<a rel=\"noreferrer noopener\" href=\"http:\/\/www.courage.sg\/contributions\" target=\"_blank\">&nbsp;here<\/a>&nbsp;and will be sent to each recipient individually.<br>In addition to the report, the pro bono <a href=\"https:\/\/www.munich-business-school.de\/insights\/en\/2020\/courage-center-crisis-helpline-and-expertline\/\">\u201cHelpLine\u201d<\/a> of the Courage Center continues to assist Family Businesses in thinking through the best measures for every single situation. Free-of-charge Zoom conferences with the experts of the Center can be requested via email at:&nbsp;<a href=\"mailto:helpline@courage.sg\">helpline@courage.sg<\/a>.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>To assist Family Businesses in the recovery process in the late stages of the Covid-19 crisis, the&nbsp;Courage Center of Global Family Business at Munich Business School&nbsp;has combined the best research in the fields of recovery <a class=\"mh-excerpt-more\" href=\"https:\/\/www.munich-business-school.de\/insights\/en\/2020\/outlook-and-guiding-questions-for-recovery-of-family-businesses\/\" title=\"Courage News: Outlook and Guiding Questions for Recovery of Family Businesses published\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":17,"featured_media":14391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1543,2253,2243,1531,1987,3897,1693,5610,1755,2336,1539,2288,1623,7593,9372,2229,1599,3479,9332],"tags":[3709,1751,3581,1581,9468,8390,9327],"coauthors":[688,5487,8204],"class_list":["post-14805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-topics","category-contribution-type","category-europe","category-faculty-research","category-family-business","category-global-focus","category-homepage-en","category-latin-america","category-mbs","category-mbs-business-blog","category-mbs-campus-community","category-mbs-news-en","category-newsletter-mba-dba-en","category-newsletter-mba-dba-en-2","category-regions","category-social-impact","category-social-responsibility","category-social-responsibility-2","tag-courage","tag-courage-center","tag-family-business","tag-family-firms","tag-recovery","tag-report","tag-support"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Courage News: Outlook and Guiding Questions for Recovery of Family Businesses published<\/title>\n<meta name=\"description\" content=\"The Courage Center of Global Family Business at MBS has developed an outlook and guiding questions to assist Family Businesses in their recovery process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.munich-business-school.de\/insights\/en\/2020\/outlook-and-guiding-questions-for-recovery-of-family-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Courage News: Outlook and Guiding Questions for Recovery of Family Businesses published\" \/>\n<meta property=\"og:description\" content=\"The Courage Center of Global Family Business at MBS has developed an outlook and guiding questions to assist Family Businesses in their recovery process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.munich-business-school.de\/insights\/en\/2020\/outlook-and-guiding-questions-for-recovery-of-family-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Business School Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Munich.Business.School\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-18T11:57:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-18T15:52:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.munich-business-school.de\/insights\/wp-content\/uploads\/2020\/04\/courage_logo_Future-Family-Firms-1-_1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"453\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Prof. Dr. Marc-Michael Bergfeld, Alexander F. 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