Andrea Calabro is Director of the IPAG Entrepreneurship and Family Business Center and Professor of family business and entrepreneurship at IPAG Business School, France. He is Global Academic Director of the Successful Transgenerational Entrepreneurship Practices (STEP) Project Global Consortium.
He has published journal articles on family firms, internationalisation, and corporate governance in leading international journals such as Strategic Management Journal, Entrepreneurship Theory & Practice, Family Business Review, Harvard Business Review and Journal of Business Ethics.
The impact of Covid-19 was felt almost immediately in most industries and regions of the world. We believed that the first indicator of the impact of Covid-19 on family and non-family businesses would be reflected in their revenue and that proved to be correct.
Family and legacy go hand in hand and most families in business have a desire to connect and contribute to sustaining their legacy across the generations. One way we do this is by sharing and maintaining the things we value, such as important traditions, milestones, personal histories and the family’s beliefs and principles.
Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.
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