The collective journey initiated with STEP Project affiliates, collaborators, and business families a few years ago helps us reflect on how business families react to disruptions and how they develop resilient models to survive across generations. Five lessons were learned from resilient families. First, business families see a disruptive event as an event in the sequence of events that are part of the story of their families. Second, business families use previous experience to overcome the present disruption. Third, hopes of family businesses motivate the common goals of finding constructive solutions to the current disruption. Fourth, family businesses are willing to receive advice and recommendations to overcome difficult times. Finally, the collaborative process of resilience starts from family history and family values. There is no one universal way to overcome the disruption but as many ways as there are business families and cultures in which they dwell.
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Front Matter
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PART I: CONFLICTS, SUDDEN DEATH AND SUCCESSION
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PART II: GOVERNANCE FOR TRANSITION PLANNING
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PART III: UNCONVENTIONAL WISDOM IN UNUSUAL TIMES
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PART IV: RISING-GENERATION LEADERSHIP IN ONGOING DISRUPTIONS
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Back Matter
