Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business
The COVID-19 pandemic led to an unprecedented and abrupt crisis that impacted family businesses worldwide and in Romania too. Using the 7S systemic organizational model and the theory of resilience this article focuses on the key concerns and actions taken to mitigate the negative effects of Covid 2...
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| Format: | Article |
| Language: | English |
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Editura ASE
2024-10-01
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| Series: | Revista de Management Comparat International |
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| Online Access: | https://www.rmci.ase.ro/no25vol4/11.pdf |
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| _version_ | 1850220913407033344 |
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| author | Razvan MUSCA Maria Madela ABRUDAN Marian NĂSTASE |
| author_facet | Razvan MUSCA Maria Madela ABRUDAN Marian NĂSTASE |
| author_sort | Razvan MUSCA |
| collection | DOAJ |
| description | The COVID-19 pandemic led to an unprecedented and abrupt crisis that impacted family businesses worldwide and in Romania too. Using the 7S systemic organizational model and the theory of resilience this article focuses on the key concerns and actions taken to mitigate the negative effects of Covid 29 pandemic by the managers of Romanian family firms, some even transforming it in an opportunity for development. The study has identified that Romanian family firms had a rapid reactive approach to the crisis situation, using an informal approach, family based, to analyze the situation, identify the immediate solutions to the lockdown measures, swiftly implementing them by the owner manager of the firm, and begin thinking about innovative solutions for the longer term. Several conclusions and recommendations are provided. By learning from the experiences and strategies shared in this study, family businesses can better prepare for future crises |
| format | Article |
| id | doaj-art-061aadb56cdd4db687120cd0c3af2eaf |
| institution | OA Journals |
| issn | 1582-3458 2601-0968 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Revista de Management Comparat International |
| spelling | doaj-art-061aadb56cdd4db687120cd0c3af2eaf2025-08-20T02:06:53ZengEditura ASERevista de Management Comparat International1582-34582601-09682024-10-0125474175310.24818/RMCI.2024.4.741Lessons from Managing the COVID Pandemic Crisis in Romanian Family BusinessRazvan MUSCA0Maria Madela ABRUDAN1Marian NĂSTASE2West University Timisoara, RomaniaUniversity of Oradea, RomaniaBucharest University of Economic Studies, RomaniaThe COVID-19 pandemic led to an unprecedented and abrupt crisis that impacted family businesses worldwide and in Romania too. Using the 7S systemic organizational model and the theory of resilience this article focuses on the key concerns and actions taken to mitigate the negative effects of Covid 29 pandemic by the managers of Romanian family firms, some even transforming it in an opportunity for development. The study has identified that Romanian family firms had a rapid reactive approach to the crisis situation, using an informal approach, family based, to analyze the situation, identify the immediate solutions to the lockdown measures, swiftly implementing them by the owner manager of the firm, and begin thinking about innovative solutions for the longer term. Several conclusions and recommendations are provided. By learning from the experiences and strategies shared in this study, family businesses can better prepare for future crises https://www.rmci.ase.ro/no25vol4/11.pdfcrisis managementcovid pandemicfamily business |
| spellingShingle | Razvan MUSCA Maria Madela ABRUDAN Marian NĂSTASE Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business Revista de Management Comparat International crisis management covid pandemic family business |
| title | Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business |
| title_full | Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business |
| title_fullStr | Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business |
| title_full_unstemmed | Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business |
| title_short | Lessons from Managing the COVID Pandemic Crisis in Romanian Family Business |
| title_sort | lessons from managing the covid pandemic crisis in romanian family business |
| topic | crisis management covid pandemic family business |
| url | https://www.rmci.ase.ro/no25vol4/11.pdf |
| work_keys_str_mv | AT razvanmusca lessonsfrommanagingthecovidpandemiccrisisinromanianfamilybusiness AT mariamadelaabrudan lessonsfrommanagingthecovidpandemiccrisisinromanianfamilybusiness AT mariannastase lessonsfrommanagingthecovidpandemiccrisisinromanianfamilybusiness |